Back to Search
Anchorage Bar/Restaurant with Liquor License

626 D Street Anchorage, AK 99501

626 D Street, Anchorage, AK, 99501
$1,900,000
For Sale
Claim this Listing
$1,900,000

Downtown Anchorage bar/restaurant with liquor license for sale.

Property Size7,188 SF
Lot Size0.32 Acres
Price / SF$264.33
AddedNov 13, 2024
Days on Market610
Last RefreshJul 15 at 9:25 pm

Property Features for 626 D Street

General Information

Standard status
Active
Size
7,188 SF
Lot size
0.32 Acres
Property subtype
Other

Listing office

Listing date Nov 13, 2024

Source Xome

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Spire Commercial


Investment Insights

Based on property information with market context.

This property features a 7188 square foot building situated on a 14,010 square foot lot. Zoned B2B: Central Business Intermediate, the property was formerly Bernie's Bungalow, a bar and restaurant. The building includes a commercial kitchen, three bars, multiple bathrooms, and storage areas. Additional features include office space, patios, an outdoor performance stage, an outdoor bar, and an outdoor seating area. The property is located in downtown Anchorage.

Key Highlights

  • Downtown Anchorage bar/restaurant with liquor license included
  • Large 7,188sf building on a 14,010sf lot zoned B2B
  • Features a commercial kitchen and three bars

Local Financial Insights For Specialty Retail

Simulate Cap Rate and NOI

NOI Build-Up
Vacancy
income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
EGI (Effective Gross Income)
gross rent minus vacancy losses — the realistic income before paying operating costs.
OpEx (Operating Expenses)
recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
NOI (Net Operating Income)
income a property generates after operating costs but before financing and taxes.

Component $ $/SF
Gross rent $189.8k $26.40
− Vacancy −$7.6k −$1.06
EGI $182.2k $25.34
− OpEx −$45.5k −$6.34
NOI $136.6k $19.01
7,188 SF · lease $26.40/SF/yr · vacancy 4.00% · expense 25.00%

Alternative Uses

Best Use
Specialty Retail
$1.95M
$1.71M – $2.28M (±1% cap)
NOI $136,630 @ 7.0% cap · market cap 7.19%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.

Property Analytics

Property Profile Location Intelligence

Current Use by Public Records

ATM Atm Bernie's Bungalow Lounge Restaurant

FAQs

What type of property is this?
Bar & Pub - Downtown Anchorage bar/restaurant with liquor license for sale.
Where is this bar & pub located?
The property is located at 626 D Street Anchorage, AK.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Downtown Anchorage bar/restaurant with liquor license included; Large 7,188sf building on a 14,010sf lot zoned B2B; Features a commercial kitchen and three bars
Contact an agent
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message