2999 Parks Highway, Fairbanks, AK 99709

Property Description

Position your business along one of Fairbanks’ primary commercial corridors with this unique redevelopment opportunity at 2999 Parks Highway. Formerly home to the Blue Loon Bar & Grill, the property includes an existing foundation and concrete masonry unit (CMU) walls, providing a substantial starting point for new construction. A buyer may have the opportunity to complete the building for use as a bar and restaurant or adapt the improvements for another commercial concept. A liquor license is included in the sale, subject to applicable transfer requirements and regulatory approval, adding considerable value for a future hospitality or entertainment venue. The property may also lend itself to retail, food service, office, marijuana retail or cultivation, or other commercial uses, subject to zoning, permitting, licensing, and buyer verification. The surrounding area is positioned for continued investment. Offering strong visibility, convenient highway access, existing structural improvements, and flexible redevelopment potential, this property presents an exciting opportunity for an owner-user, developer, or investor seeking a prominent Parks Highway location. Buyer to independently verify the condition and suitability of all existing improvements, utilities, permitted uses, and licensing requirements.