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    3200 Spenard Rd Anchorage, AK 99503

    Sponsored
    For Sale
    $550,000

    Prime Anchorage Location: 8 Units, High ROI Potential

    Property size:
    4,642 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    338
    This exceptional mixed-use property, situated at 3200 Spenard Road in Anchorage, Alaska, presents a lucrative investment opportunity. The building encompasses a substantial 4,642 square feet on a 0.18-acre lot, offering a blend of residential and commercial space. Upstairs, eight apartments provide a combined 2,400 square feet of living area, generating consistent rental income. The ground floor boasts 2,242 square feet of versatile commercial space, ideal for a variety of businesses – retail, office, or other commercial ventures. The property's location in Anchorage ensures high visibility and accessibility, attracting a diverse clientele. This well-maintained building offers a strong return on investment, combining the benefits of both residential and commercial income streams. The substantial square footage and prime location make this an attractive proposition for savvy investors seeking a diversified portfolio. The existing apartment units provide immediate cash flow, while the ample commercial space allows for significant future growth and development. This is a rare opportunity to acquire a well-established, mixed-use property in a thriving Anchorage market. The property is priced at $550,000, reflecting its exceptional value and potential. Serious inquiries are encouraged.

    Property Features for 3200 Spenard Rd

    General Information

    Property type
    Other commercial real estate
    Square Feet
    4,642 SF
    Lot Size
    7,841 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Hood Wings Restaurant

    Map

    City
    Anchorage
    County
    Anchorage Municipality
    State
    Alaska
    Longitude
    -149.9075
    Latitude
    61.19112

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    FAQs

    What type of property is this?
    Commercial real estate - Prime Anchorage Location: 8 Units, High ROI Potential
    Where is this commercial real estate located?
    The property is located at 3200 Spenard Rd Anchorage, AK.
    What is the asking price?
    The asking price for this property is $550,000.
    (855) 450-0442
    Request Owner's contact information
    3200 Spenard Rd Anchorage, AK 99503
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    Anchorage, AK 99503
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3200 Spenard Rd Anchorage, AK 99503
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