Commercial Land for
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3101 Penland Pkwy, Anchorage, AK 99508
Large redevelopment tract with zoning supporting industrial and commercial uses near a major highway interchange.
Property SizeContact for details
Days on Market142
Property Features for 3101 Penland Pkwy
General Information
Standard status
Active
Property subtype
Retail
Listing Agency:
CBRE - Seattle
Listed By:
Dino Christophilis · License #WA 24717
Source:
Crexi
Added: Apr 11
Changed: Aug 30
Last Checked: Aug 30 at 4:07PM
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 CBRE - Seattle
Investment Insights
Based on property information with market context.
This 30-acre commercial land offering encompasses the former Northway Mall property and is positioned for redevelopment. Existing conditions include mall structures and parking areas, allowing for different development approaches, from full removal to phased reuse of portions of the improvements. Current zoning accommodates a broad range of industrial and commercial applications, including warehouse, self-storage, retail, automotive, hotel, manufacturing, and distribution uses.
The property is located at 3101 Penland Pkwy in Anchorage, at the on- and off-ramp connection to Highway 1. The highway carries 46,800 cars per day. The surrounding submarket includes both retail and industrial activity, while the site’s arterial exposure could support commercial frontage alongside larger industrial or distribution components. Multiple redevelopment concepts have been considered, with potential layouts incorporating new warehouse and distribution facilities.
The property is located at 3101 Penland Pkwy in Anchorage, at the on- and off-ramp connection to Highway 1. The highway carries 46,800 cars per day. The surrounding submarket includes both retail and industrial activity, while the site’s arterial exposure could support commercial frontage alongside larger industrial or distribution components. Multiple redevelopment concepts have been considered, with potential layouts incorporating new warehouse and distribution facilities.
Key Highlights
- 30‑acre commercial land parcel at 3101 Penland Pkwy, Anchorage, AK 99508
- Current zoning supports a broad range of industrial and commercial uses
- Located at the on/off ramp to Highway 1
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 99508, AK
34,394
Population
14,219
Households
2.4
Avg Household Size
34
Median Age
28%
College-Educated
91%
High-School Grad
7.1 sq mi
ZIP Area
4,844
Density / Sq Mi
$72,751
Median Household Income
$40,937
Median Earnings
$1,353
Median Rent
$309,400
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Commercial land - Large redevelopment tract with zoning supporting industrial and commercial uses near a major highway interchange.
Where is this commercial land located?
The property is located at 3101 Penland Pkwy Anchorage, AK.
What are key features of this property?
This property features: 30‑acre commercial land parcel at 3101 Penland Pkwy, Anchorage, AK 99508; Current zoning supports a broad range of industrial and commercial uses; Located at the on/off ramp to Highway 1
