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November 23, 2015
JUNEAU, Alaska (AP) — A historic building in downtown Juneau has a “For Sale” sign out.
The Juneau Empire reports (http://is.gd/AlYmnH) the nearly 100-year-old Hellenthal Building is being sold by the current owner, First National Bank Alaska.
Luke Fanning, the bank's vice president in southeast Alaska, says the core of the bank's business is no longer in downtown Juneau. Instead, it's on West 10th Street, where the bank just opened a new building.
The three-story, 6,000-square-foot building is on the National Register of Historic Places.
There is a lot of vacant space inside, and officials say it will require major investments to bring the building up to current standards.
That need for work is being reflected in the sale price. The building and land are assessed at $1.7 million, but the bank has set the sale price at $600,000.