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624 1st Avenue, Bethel, AK 99559 (MLS# 23-9833)

$1,600,000
624 1st Avenue
Bethel, AK 99559
MLS# 23-9833
10829 sqft
Property has potential to host 31 guests with some modifications and upgrades.
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Property has potential to host 31 guests with some modifications and upgrades. 3 lots make up 1.47 acres. This building hosts 10 individual rooms with private bathrooms. It overlooks the Kuskokwim River. This building is equipped with a sprinkler system. Large locked guest entry. Hallway on lower level. Private rooms line the walls left and right 5 rooms up and 5 rooms down. Handicap accessible room. Handicap accessible bathroom. Typical Room size and layout. Desk area for those business travelers. Typical bathroom layout. Rooms rent for $245 a night. Nearly everynight of the week the waterfront lodge is at full capacity. Significant more income potential as numerous guests are turned away everyday because of full capacity. Lower level guest kitchen. Lower level guest kitchen. Upper level guest kitchen. Upper level guest kitchen. Laundry facility for housekeeping. Sprinkler System controls. Boiler and back-up boiler. Sprinkler House holds the water for the system. Water tank and sprinkler system equipment. Main BnB currently under utilized is home to the current owner/operator. Main BnB has potential to house 16 additional guests with owner/manager apartment. Main BnB entry. Security cameras are installed and door is on electric locking system. Stained glass near entry. Guest counter where guests check in. Kitchen area and check in counter on managers side. Kitchen area was utilized as the breakfast area for guests with food and coffee provided. Kitchen Large storage and pantry right next to the kitchen. Dining area. Dining area and living room. Upstairs/Attic space this could be utilized as the manager/owner apartment. Bathroom in the upstairs/attic. Large storage area for the upstairs attic. Laundry and storage main level for housekeeping. Main level bathroom. Bathrooms are shared by guests. Main level guest room. Main level bathroom. With 8 bathrooms there's plenty to share. Lower level living area. Lower level kitchen. Lower level guest room. Security Cameras give a good visual of the property. This houses 4 guests rooms and 2 kitchens and 2 bathrooms. Sits just in front of the Main BnB. Egress for the top floor. Entry. This house is currently not being used as it needs some electrical upgrades and repairs. Upstairs living area. Upstairs kitchen. Typical guest room. Lower level kitchen. Boiler room and back up boiler. Studio Lodge could be used as an owner or managers unit as well. Sits between the Riverfront Lodge and the Waterfront Lodge. This is usually used as overflow for the Waterfront Lodge or overbookings. Murphy bed installed easy to expand the living space. Kitchen and dining area. Full bath. Warehouse is currently being rented for storage at $945 a month. Vacant lot next to warehouse. Could be used for expansion or lease space for parking or storage. Summer View. Quonset hut is dry and could be used to lease storage. Waterfront Lodge and Quonset hut in background Warehouse, Quonset hut and Waterfront Lodge. Waterfront Lodge. Street View lines the Kuskowim River. River Frontage! Lots of sun on this property! Great location in Bethel. Solid reputation for peaceful nights stay! Housing is needed for temporary, short and long term stays. Business travel is frequent here with hospital, school, corporate, private and state businesses all needing housing. Fishing and hunting travelers frequent this area as well.

Property Description
Untapped potential. With the right people and the right investor Bentley's could be transformed to house 31 guests a night! Rooms rent for $245 a night recently increased from $205 in September with no complaints. There's a major housing need in Bethel. Bentley's turns away over 35 guests a week because it is already at full capacity with only 11 rooms currently operating it is under utilized.

Details
Maps
Documents
Contract Info
Price-List: 1600000
Date-Listing: 2023-08-11
Status: Active
Commission Type: %
Commission to SO: 2.5
Foreclosure/Bank Own: No
Location, Tax and Legal
Region: 4 - West & Southwest Alaska Regions - All
Borough/Census Area: 4C - Bethel Census Area
Area: 875 - Bethel Census Area - All
Street #: 624
Street Name: 1st
Arterial: Avenue
Closest USPS Town: Bethel
State: AK
Zip Code: 99559
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: Tsikoyak L1 B6
Property Info
Type of Property: Mixed Use
Realtor.com Type: Commercial
Construction Status: Existing Structure
Acres: 1.47
SF-Lot: 64033.2
Lot Area Source: Previous Appraisal
SF-Res: 10829
Zoning: COM - Commercial (Unofficial)
Directions and Remarks
Directions: Located on the corner of 1st Avenue and Main Street in Bethel along the north bank of the Kuskokwin River. Access Bethel via boat or plane.
Property Features
Primary Space: Hospitality
Secondary Space: Warehouse/Shop
Heat Type: Kerosene/Oil Heater
Fuel Type: Electric; Oil
Exterior Finish: Wood
Construction Type: Wood Frame
Foundation: Unknown - BTV
Roof Type: Metal
Flooring Type: Carpet
Walls: Sheetrock
Sewer: Hold Tank
Water: Holding Tank
Features-Commercial: Corner Lot; DSL/Cable Available; In City Limits; Living Quarters; On-Site Parking; Wtrfrnt-Acc Nearby; Wtrfrnt-Actual Frntg
Access: Gravel; Maintained
View Type: River
New Finance (Terms): Cash; Conventional
Documents: Docs Posted on MLS
Supplements
With some minor adjustments and upgrades, added employees and marketing this property could be a true life changing investment full of possibilities and income potential! Bentley's BnB has been a staple for travelers in and out of Bethel Alaska for more than 40 years. Known for its trusted service and clientele, Bentley's has built a solid reputation that keeps repeat guests and visitors booking their next stay. Bentley's attracts business and working class guests along with fishing and hunting parties passing through. This property sits on 3 parcels that make up 1.47 acres on the north bank of the Kuskokwim River. There are four separate buildings for housing guests. The main lodge has potential for 16 rooms plus an owner/manager apartment it is the largest structure on site and is where the owner operator lives and greets guests now. Currently guests do not stay in the main lodge and has the most income potential. The riverfront lodge which has 4 rooms currently not being utilized and is in need of some updating. The studio which can host 1 guest or couple is operating as an overflow in case of over bookings or emergency guest bookings. The waterfront lodge hosts 10 rooms and is operating at full capacity nearly everyday. The waterfront lodge is the newest building on site and is turn key ready for guests. Extra income available with over 7500 square feet of warehouse space and quonset hut. The warehouse is currently rented monthly for $945 a month. Bentley's would be a great investment that's profitable right away while you work on increasing it's potential. South facing it provides plenty of that much needed sunlight. Bethel is a focal point of rural Alaska, come be a part of this great town connecting people, nature and interior Alaska. Be sure to check out the photos and the comments posted on the pictures to get a better understanding of this incredible opportunity.

Listing Office: The Kibe Lucas Team Keller Williams Realty Alaska Group

Last Updated: November - 29 - 2023

The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.

Wednesday 6th of December 2023 01:20 AM

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