Mixed-Use Property with 13-Unit
34358 Old Sterling Hwy, Anchor Point, AK 99556
For Sale
$1,950,000
The property combines an inn, restaurant, and single-family residence, with a beverage dispensary tourism license included.
Property Size14,134 SF
Price / SF$137.97
Days on Market147
Property Features for 34358 Old Sterling Hwy
General Information
Standard status
Size
Property subtype
Additional Details
Liquor License
Building Details
Year Built
Listing Agency:
Bay Realty
Listed By:
Claire Kiesel · License #18871
(954) 254-7830
Source:
Viewanchoragehouses
Added: Jun 14
Changed: Nov 7
Last Checked: Nov 7 at 4:54PM
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 Bay Realty
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Investment Insights
Based on property information with market context.
This mixed-use property brings together a 13-unit inn, a restaurant, and a single-family residence. Renovations have been completed across the restaurant, inn, and residence, and the property includes a beverage dispensary tourism license.
The property is located in Anchor Point at 34358 Old Sterling Hwy. The inn and residence are part of the same offering as the restaurant, creating a combination of hospitality, food service, and residential space.
The property is located in Anchor Point at 34358 Old Sterling Hwy. The inn and residence are part of the same offering as the restaurant, creating a combination of hospitality, food service, and residential space.
Key Highlights
- 13‑unit inn with a restaurant and single‑family residence
- Renovations completed to the restaurant, inn, and residence
- Beverage dispensary tourism license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$108,761
Cap Rate
5.58%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,175,220
$2.2M
Cap Rate 7%
$1,553,729
$1.6M
Cap Rate 9%
$1,208,456
$1.2M
Market Conditions
NOI Build-Up for 14,134 SF
Gross rent
$254.4K $18.00/SF
− Vacancy
−$25.4K −$1.80/SF
EGI
$229.0K $16.20/SF
− OpEx
−$120.2K −$8.51/SF
NOI
$108.8K $7.69/SF
Area
Kenai Peninsula County, AK
Vacancy
10.00%
Lease Rate
$18.00 /SF/Yr
Expense Ratio
52.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,175,220
Cap Rate 7%
$1,553,729
Cap Rate 9%
$1,208,456
Alternative Uses
Best Use
Specialty Retail
$4.02M
$3.52M – $4.69M
NOI $281,588 @ 7.0% cap · market cap 14.44%
Second Best
Hotel Hospitality
$1.55M
$1.36M – $1.81M
NOI $108,761 @ 7.0% cap · market cap 5.58%
Theoretical Best
Multifamily LT 5
$98.03M
$85.77M – $114.36M
NOI $6,861,889 @ 7.0% cap · market cap 351.89%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Yes
Liquor license
Location Intelligence
Demographics for 99556, AK
2,877
Population
1,852
Households
1.6
Avg Household Size
50
Median Age
21%
College-Educated
89%
High-School Grad
197.3 sq mi
ZIP Area
15
Density / Sq Mi
$62,868
Median Household Income
$45,487
Median Earnings
$1,167
Median Rent
$226,500
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Mixed-use property - The property combines an inn, restaurant, and single-family residence, with a beverage dispensary tourism license included.
Where is this mixed-use property located?
The property is located at 34358 Old Sterling Hwy Anchor Point, AK.
What is the asking price?
The asking price for this property is $1,950,000.
What are key features of this property?
This property features: 13‑unit inn with a restaurant and single‑family residence; Renovations completed to the restaurant, inn, and residence; Beverage dispensary tourism license included
