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Mixed-Use Retail and Apartments
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3200 Spenard Road, Anchorage, AK 99503

Building features retail space on the ground floor and eight efficiency units above, with a newly updated roof.

Property SizeContact for details
Days on Market124

Property Features for 3200 Spenard Road

General Information

Standard status Active
Property subtype Retail, Hospitality

Additional Details

Multifamily Units 8
Listing Agency: Alaska Multiple Listing Service, Inc
Listed By: Kevin Cross · License #AK RECS17358
Source: Crexi
Added: Apr 11 Changed: Aug 8 Last Checked: Jul 22 at 5:16AM

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 Alaska Multiple Listing Service, Inc

Investment Insights

Based on property information with market context.

This mixed-use property combines commercial space downstairs with eight efficiency units upstairs. The seller reports a new roof and many mechanical updates, and notes that only a few touch-ups remain for the commercial area.

The property is located at 3200 Spenard Road in Anchorage, AK, and is configured to support both income-producing residential units and commercial use within the same building.

As presented, the layout is designed so rental income can help cover the commercial use space, with seller financing also available.

Key Highlights

  • Commercial building with retail/commercial space on the ground floor and 8 efficiency units upstairs
  • New roof and many mechanical updates
  • Rental income would cover the commercial use space (per remarks)

Property Analytics

Current Use

Hood Wings Restaurant

Lease Details

8
Residential units

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

Market

Vacancy Rate% for Multifamily in West region

7% 2022
7.8% 2023
8.6% 2024
8.6% 2025
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Frequently Asked Questions

What type of property is this?
Apartment building - Building features retail space on the ground floor and eight efficiency units above, with a newly updated roof.
Where is this apartment building located?
The property is located at 3200 Spenard Road Anchorage, AK.
What are key features of this property?
This property features: Commercial building with retail/commercial space on the ground floor and 8 efficiency units upstairs; New roof and many mechanical updates; Rental income would cover the commercial use space (per remarks)
More about this property
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