The Alaska Mental Health Trust Land Office (TLO) has listed for sale a 2.9-acre parcel of waterfront property in Juneau’s visitor industry corridor. The land for sale is located at Egan Drive and Whittier Street, a prime location for a tourism-related business. The parcel has a minimum bid of $3,634,000, which is the recently appraised value.
The sale is being handled by the TLO, a state office that manages land assets owned by the Alaska Mental Health Trust Authority (Trust). Revenue generated from land and other assets pay for programs that support Trust beneficiaries across the state. Beneficiaries include people with mental illness, developmental disabilities, substance related disorders, Alzheimer’s disease and related dementia and traumatic brain injury.
“This parcel of land has great potential for residential, boutique hotel, and/or ground floor retail development as well as for other tourism related facilities,” said Wyn Menefee, Trust Land Office Executive Director. “We are excited to offer this unique waterfront development opportunity, and to use sale proceeds to support the work of the Trust.”
Sealed bids must be mailed or hand-delivered to the Trust Land Office in
Anchorage (2600 Cordova St, Anchorage, AK 99503). Bids will be accepted from August 15 until September 6, 2019. A $100,000 deposit in the form of a cashier’s check must accompany the bid. More information, including bidding instructions and property documents can be found at www.juneauwaterfrontparcel.com.
Sale Requirements Amended | | | |
| The "Sale Requirements and Conditions of Purchase" have been amended to allow a 15 business day period from the announcement of the Apparent High Bidder until the Apparent High Bidder must increase the deposit to 10% of the bid purchase price and complete a purchase and sale agreement.
The previous period was 5 business days.
Bids already submitted may be collected and revised in llight of this change. Contact Aaron O'Quinn at 907-269-8751 to coordinate. | | | |