SOLDOTNA INN & MYKEL S RESTAURANT & BAR
Location: 35041 Kenai Spur Highway, Soldotna, Alaska 99611
Parcel Size: 31,799 Sq. Ft. subdivided into 2 parcels.
Legal Address: Soldotna Junction Sub Addn # 2 Replat Lot 3A & Lot 28 Block 6
Building: 15,100 sq.ft. 18 unit motel plus 2 ea 2 bedroom apartments & 1ea 1 bedroom managers apartment, a 75 seat restaurant, 25 seat bar and a 50 seat banquet room, entire building has a sprinkler fire suppression system. Originally constructed in 1979 has been remodeled and is well maintained. New roof 2006, new boiler in 2005, new stair railings in 2011 and is in the process of installing a new hood system in kitchen area.
Taxes: 2011 real estate tax - $5,460 for Lot 3A and $226 for Lot 28
Utilities: City electric, city sewer & water, phone & cable TV, wireless internet
Details: Year round well established & profitable motel, restaurant, bar and banquet room business with 14% cap rate. Located in the city of Soldotna approximately a mile from the famous Kenai River which has one the largest salmon runs in the world each summer.
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