Well Established and Profitable Business w/ 16% Cap Rate
Glacier Bay is one of the worlds best location for Whale and Glacier viewing along with world class fishing.
1270 Gustavus Road, Gustavus, Alaska 99826. Located one mile from airport and dock on main road, 20 min by air charter or jet from Juneau. 55 mile west from Juneau, Alaska
Gustavus Airport is the 2nd longest runway in Southeast Alaska. Alaska Airlines provides summer jet service from Seattle daily. New state dock provides State Ferry Service to Gustavus and saltwater boat access in Icy Strait.
State year round maintained paved road access.
Lots A of Gustavus Inn Subdivision, Gustavus, Alaska
Lot A has 5.14 acres or 223,898 square feet
7,200 sq.ft. Inn has 13 guest rooms, 11 with private baths. In addition to the guest bathrooms there are 3 other public baths.
Inn was started as a homestead home in 1925. It has been extensively remodeled and added to since then. Most of the major work has been done by the seller in stages since 1987. 2010 new dining room and deck, 2012 was a complete remodel of the kitchen area, new roof 2016, new boiler 2015, new water system 2013. State DEC approved water and kitchen and approved by State Fire Marshall.
The old work on the Inn is concrete and treated pilings with treated perimeter walls added later. New foundation work is treated perimeter stub walls on concrete footings. The Inn has 1,000 square feet of covered decks.
Several other out buildings
Greenhouse: 28′ X 16′ with attached 28′ X 12′ shop. Wired and plumbed with cold water wood frame with lexan and metal roofing 784 square feet
Generator/storage building: 24′ X 16′ wood framed with composition roof wired no plumbing 384 square feet
Freezer and grain storage building: 26′ X 8′ with 5′ X 6′ addition. wood frame with composition roof wired no plumbing 238 square feet
Pump house: 10′ X 11′ with water softener, mineral filter and expansion tank. wood frame, concrete slab, super insulated, heated, wired and plumbed 110 square feet
Large covered area: 50′ X 14′ fire wood, winter car port and dry storage. 4 x 6 treated posts with composition roof
Large covered area: 33′ X 20′ for winter car port and dry storage 4 x 6 treated posts with composition roof
Bike shed: 44′ X 8′ open building for storing bikes during summer and cars over the winter. yellow cedar posts with metal roof no power or plumbing
Root cellar: 16′ X 15′ earth covered building, steel and concrete. Winter freeze proof storage, wired no plumbing 240 square feet
Compost: 8′ X 12′ compost building
Burn building: rough 10′ X 8′ wood frame with metal roof for storing trash
Gardens: 2 well established organic gardens #1-50′ X 150′, #2-25′ X 75′
No Real Estate Taxes or Zoning
City electric , private well is 35 feet deep producing approx. 20 gals/min, public water system #AK 2130237. Last sanitary survey was done in 2012. All systems are inspected. Private septic system, Satellite TV, Internet Access
Last sanitary survey was 2017.
Gustavus Inn is a historic homestead in the center of activities in Glacier Bay National Park. For three generations now, the Lesh family invites visitors to share their home, hearth and table for adventures in Glacier Bay and Icy Strait. The sellers maintain a full garden for their clients table, providing the freshest lettuce in Alaska, rain-kissed raspberries, and baby carrots from glacial soils on this property.
This business has high ratings on Trip Advisor, Fodor’s Choice Awards 2013, 2014, as well as “named James Beard Americas Classic 2010”, the oscars of food.
The home next door is not included but could be available by lease or sale, as well as an additional 3 A (Lot B, SE 2 A)
Glacier Bay National Park day cruise and naturalist-led tours to see glaciers, wildlife, and experience Glacier Bay. A new 10 year concession contract between the National Park Service and Aramark assures a remarkable stability of visitor services in Bartlett Cove and Glacier Bay National Park like the boat tour, fuel sales, food/hotel operations by Aramark, guided daily walks, and kayak drop offs that provide the foundation of Gustavus Inn guest’s multi-day stays.
World-class ocean fishing in Icy Strait (King and Silver Salmon, Halibut, Rockfish)
Whale-whatching (Humpback, Orca, Minke Whales)
Kayaking – rentals, guided day and multiday
Flight tours of Glacier Bay
Wildlife viewing in the scenic context of Gustavus’ rivers, beaches, ponds, and trails
Alaska Coastal Wildlife Viewing trail, Nature Conservancy, and State Crane Reserve
Click on this link to see the Gustavus Inn web page: http://www.gustavusinn.com/index.html
Click on this link to sell a you tube video of this property: https://www.youtube.com/watch?v=B_k9QQq4j_o&feature=em-share_video_user
New Reduced Sale Price $1,500,000 possible owner financing with large down payment.