901 E 5th Avenue Anchorage, Anchorage, AK 99501
For-sale B-3 zoned parcel combining a storefront building with an adjacent lot for commercial use or redevelopment.
- Added:
- Jun 30, 2026
- Days on Market:
- 9
- Last Refresh:
- Jul 1 at 3:33 am
Property Features for 901 E 5th Avenue Anchorage
General Information
- Standard status
- Active
- Size
- 3,084 SF
Building Details
- Year Built
- 1956
Listing office (907) 263-9333
Listing date Jun 30, 2026
Source Herringtonlifestyleandliving
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 Tarra Quisenberry
HighLights
- B‑3 zoned commercial property in downtown Anchorage
- Includes building at 901 E 5th Ave with adjacent lot at 911 E 5th Ave
- Year built: 1956
- Zoning supports a variety of commercial uses and redevelopment opportunities
- Offered as a combined parcel for storefront commercial use or redevelopment
Overview
The site is described as having excellent visibility, strong traffic counts, and easy access, supporting straightforward customer-facing retail uses. The property is located in downtown Anchorage, and it is presented with B-3 zoning, which the seller notes allows a variety of commercial and redevelopment opportunities.
For buyers and tenants evaluating flexible downtown space, the mix of a storefront building plus an adjacent lot can be useful when you want options beyond a single-structure site. The B-3 zoning framework supports a range of commercial directions and potential redevelopment scenarios, while the existing building provides an operating footprint for businesses that can utilize a storefront configuration.
Local Financial Insights For 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 | $77.7k | $25.20 |
| − Vacancy | −$3.5k | −$1.13 |
| EGI | $74.2k | $24.07 |
| − OpEx | −$22.3k | −$7.22 |
| NOI | $52.0k | $16.85 |
Alternative Uses
Current Use by Public Records
Map
- City
- Anchorage
- County
- Anchorage
- State
- Alaska
- Longitude
- -149.8665977
- Latitude
- 61.2176599
