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    8431 Parks Hwy Wasilla, AK 99623

    Sponsored
    For Sale
    $250,000

    Two Buildings, High Visibility, Turnkey Option

    Property size:
    1,760 SF

    Description

    Added:
    Feb 3, 2025
    Days on Market:
    337
    This exceptional commercial property, located at 8431 W Parks Highway in Wasilla, Alaska, presents a unique investment opportunity. Spanning 0.57 acres, the property boasts two separate buildings totaling 1,760 square feet, each with its own gas and electric meters, offering flexibility for various uses. Currently, one building houses a thriving knife sharpening business, while the other operates as a thrift store, demonstrating the property's immediate income potential. The main building's current tenant, Able Knife Sharpening, is available for purchase separately for an additional $35,000, providing a turnkey business opportunity. The property benefits from a convenient Parks Highway location, providing easy access from both north and south. Recent improvements include a new well pump and a new metal roof, minimizing immediate maintenance needs. Ample parking is available, with potential for expansion. The zoning allows for retail or mixed-use development, catering to a wide range of business ventures. This property offers a compelling combination of existing income streams, recent upgrades, and significant development potential, making it an attractive investment in a desirable Wasilla location. The property's versatility and prime location make it an ideal choice for both established businesses and entrepreneurs seeking a profitable venture.

    Property Features for 8431 Parks Hwy

    General Information

    Property type
    Other commercial real estate
    Square Feet
    1,760 SF
    Lot Size
    24,829 SF
    Property Profile Location Intelligence

    Current Use by Public Records

    Able Sharpening Sharpening Service Silver Fox Inn Bar & Grill

    Map

    City
    Wasilla
    County
    Matanuska-Susitna Borough
    State
    Alaska
    Longitude
    -149.6632
    Latitude
    61.57313

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    FAQs

    What type of property is this?
    Commercial real estate - Two Buildings, High Visibility, Turnkey Option
    Where is this commercial real estate located?
    The property is located at 8431 Parks Hwy Wasilla, AK.
    What is the asking price?
    The asking price for this property is $250,000.
    (907) 229-8398
    Request Owner's contact information
    8431 Parks Hwy Wasilla, AK 99623
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    Wasilla, AK 99623
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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
    8431 Parks Hwy Wasilla, AK 99623
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