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Restaurant Property with Basement Storage

123 E Fireweed Lane, Anchorage, AK 99503

For Sale
$1,550,000

Commercial Sale, Anchorage, AK

Property Size16,200 SF
Lot Size0.63 Acres
Price / SF$95.68
Days on Market189

Property Features for 123 E Fireweed Lane

General Information

Property type Commercial Sale
Property subtype Other
Zoning B3 - General Business
Directions Northeast corner of A Street and Fireweed Ln
Subdivision 1A - Anchorage Municipality
Standard status Active
APN 0022056100001
Size 16,200 SF
Lot size 0.63 Acres

Taxes and HOA fees

Tax Year 2025
Tax Description Pearl V Smith L1A B6 3A&12 Rem
Tax Annual Amount 21605
Legal Description Pearl V Smith L1A B6 3A&12 Rem

Utilities

Sewer type Public Sewer
Heating system Natural Gas, Baseboard
Water source Public

Building Details

Floors in Building 2
Building materials Block
Buildings 2
Listing Agency: Berkshire Hathaway HomeServices Alaska Realty
Listed By: Lottie Michael · License AK #2519
Added: May 6 Changed: Oct 28 Last Checked: Nov 10 at 8:06AM
MLS# 26-5419

Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

Rey
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Investment Insights

Based on property information with market context.

Two connected parcels in Anchorage contain 16,200 square feet of building area across 0.63 acres. The 12,200-square-foot building at 123 E Fireweed Lane has two stories and block construction. At 149 E Fireweed Lane, a 4,000-square-foot restaurant includes walkout basement storage.

The property is zoned B3 - General Business and is served by public water and public sewer. Heating is provided by natural gas and baseboard systems.

Key Highlights

  • Two adjoining properties totaling 0.63 acres
  • 16,200 square feet of building area across both properties
  • 12,200‑square‑foot, two‑story block building at 123 E Fireweed Lane

Property Analytics

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Current Use

Demientieff Promotions Marketing & Advertising Hal Gazaway, Attorney ... Law Firm Sasieta Productions Music Venue Sleep Comfort By ... Furniture & Home Goods Simmons Hospitality Mattress Furniture & Home Goods

Location Intelligence

Demographics for 99503, AK

13,550
Population
7,411
Households
1.8
Avg Household Size
36
Median Age
30%
College-Educated
91%
High-School Grad
20.7 sq mi
ZIP Area
655
Density / Sq Mi
$76,888
Median Household Income
$46,734
Median Earnings
$1,185
Median Rent
$316,700
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Average Price Trend$/SF for Conventional restaurants in Anchorage, AK

$226 Jul
$291 Aug
$254 Sep
$250 Oct

Properties on Market for Conventional restaurants in Anchorage

Jul
Aug
Sep
Oct

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Conventional restaurant - Two adjoining buildings offer restaurant space, additional building area, and public water and sewer service.
Where is this conventional restaurant located?
The property is located at 123 E Fireweed Lane Anchorage, AK.
What is the asking price?
The asking price for this property is $1,550,000.
What are key features of this property?
This property features: Two adjoining properties totaling 0.63 acres; 16,200 square feet of building area across both properties; 12,200‑square‑foot, two‑story block building at 123 E Fireweed Lane
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