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Medical Office Shell with Expansion
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200-3401 E 42nd Ave, Anchorage, AK 99503

Medical/office shell suites offer interior refresh potential and expansion up to a contiguous larger wing.

Space SizeContact for details
Days on Market119

Property Features for 200-3401 E 42nd Ave

General Information

Standard status Active
Zoning RO
Listing Agency: Cange Group, LLC
Listed By: Amanda M Doughty
Source: Exprealty
Added: May 4 Changed: Aug 20 Last Checked: Aug 29 at 1:32PM

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 Cange Group, LLC

Investment Insights

Based on property information with market context.

This offering consists of medical/office shell space within a larger UMED property, with multiple suite sizes available. One primary suite is available in an as-is shell condition, and an adjacent option may be combined to create a larger contiguous footprint. An additional executive suite is also noted, which can support immediate professional presence for a smaller office or satellite operation.

The property is described as approximately 90 seconds from Providence ANMC and UAA, and features ample parking and high visibility. The interior is expected to undergo a refresh, with the opportunity to customize the floor plan before walls go up, where applicable.

Zoning is listed as RO (Residential Office), with use limited to professional, medical, or commercial applications for loan requirement purposes. The available configurations are designed to accommodate both initial occupancy and later expansion by combining suites.

Key Highlights

  • Medical/office shell suite: 1,500 SF (as‑is) at a $1.85/SF base shell rate
  • Expansion potential to 3,000+ SF by combining with an adjacent 1,500 SF suite for a contiguous wing
  • Optional 800 SF executive suite available for immediate professional presence for smaller firms or satellite offices

Property Analytics

Current Use

Medical Office Space

Lease Details

NNN (Triple Net)
Lease Type

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 Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
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Frequently Asked Questions

What type of property is this?
Medical Office Space - Medical/office shell suites offer interior refresh potential and expansion up to a contiguous larger wing.
Where is this medical office space located?
The property is located at 200-3401 E 42nd Ave Anchorage, AK.
What are key features of this property?
This property features: Medical/office shell suite: 1,500 SF (as‑is) at a $1.85/SF base shell rate; Expansion potential to 3,000+ SF by combining with an adjacent 1,500 SF suite for a contiguous wing; Optional 800 SF executive suite available for immediate professional presence for smaller firms or satellite offices
More about this property
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