Three-Unit Corner Retail
For Sale
$1,400,000
2400 C St, Anchorage, AK 99503
Three-unit strip mall on a highly visible corner, with long-term tenants and Collins lots for parking.
Property Size6,000 SF
Price / SF$233.33
Days on Market94
Property Features for 2400 C St
General Information
Standard status
Active
Size
6,000 SF
Building Details
Year Built
1968
Tenancy
Multi
Listing Agency:
RE/MAX Dynamic Properties - Eagle River Branch
Listed By:
Bryan J Trombley · License #129408
(907) 952-5861
Source:
Griggrealty
Added: Jul 22
Changed: Oct 12
Last Checked: Oct 20 at 10:14PM
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 RE/MAX Dynamic Properties - Eagle River Branch
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Investment Insights
Based on property information with market context.
This for-sale three-unit strip mall is positioned on a highly visible corner in midtown. The property includes Collins LT 24 and LT 25 to the south, which are used for building parking. It also benefits from long-term tenants and a long operating history.
The asset is located at 2400 C St in Anchorage, AK. This combination of a multi-unit retail configuration and on-site parking support makes the property straightforward to underwrite for buyers seeking an established, income-producing retail strip.
The asset is located at 2400 C St in Anchorage, AK. This combination of a multi-unit retail configuration and on-site parking support makes the property straightforward to underwrite for buyers seeking an established, income-producing retail strip.
Key Highlights
- Highly visible 3‑unit strip mall on a busy corner in midtown
- Includes long‑term tenants
- Collins lots 24 and 25 included for parking, with the lots to the south
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$101,077
Cap Rate
7.22%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,021,540
$2.0M
Cap Rate 7%
$1,443,957
$1.4M
Cap Rate 9%
$1,123,078
$1.1M
Market Conditions
NOI Build-Up for 6,000 SF
Gross rent
$151.2K $25.20/SF
− Vacancy
−$6.8K −$1.13/SF
EGI
$144.4K $24.07/SF
− OpEx
−$43.3K −$7.22/SF
NOI
$101.1K $16.85/SF
Area
Anchorage, AK
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,021,540
Cap Rate 7%
$1,443,957
Cap Rate 9%
$1,123,078
Alternative Uses
Best Use
Retail
$1.44M
$1.26M – $1.68M
NOI $101,077 @ 7.0% cap · market cap 7.22%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$1.63M
$1.43M – $1.90M
NOI $114,048 @ 7.0% cap · market cap 8.15%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
Lease Details
Multi-tenant
Tenancy
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
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Strip mall - Three-unit strip mall on a highly visible corner, with long-term tenants and Collins lots for parking.
Where is this strip mall located?
The property is located at 2400 C St Anchorage, AK.
What is the asking price?
The asking price for this property is $1,400,000.
What are key features of this property?
This property features: Highly visible 3‑unit strip mall on a busy corner in midtown; Includes long‑term tenants; Collins lots 24 and 25 included for parking, with the lots to the south
