Mixed-Use Building with
For Sale
$1,500,000
428 W 4th Ave, Anchorage, AK 99501
Block construction includes retail, office, and full-basement space across a flexible multi-level layout.
Property Size16,856 SF
Price / SF$88.99
Days on Market467
Property Features for 428 W 4th Ave
General Information
Standard status
Active
Size
16,856 SF
Property subtype
Commercial
Additional Details
Sprinkler System
Yes
Building Details
Buildings
1
Stories
3
Construction
block
Listing Agency:
Brandy Pennington Anchorage Real Estate
(907) 336-7653
Listed By:
Brandy B Pennington
Source:
Seehomesinalaska
Added: May 20, 2025
Changed: Aug 28
Last Checked: Aug 28 at 12:23PM
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 Brandy Pennington Anchorage Real Estate
Investment Insights
Based on property information with market context.
This block-constructed mixed-use building in downtown Anchorage combines retail areas on the ground and second floors with office space on the third floor. A full-size basement provides additional storage, while an existing elevator shaft offers a defined path for future elevator installation. The building rests on a poured concrete slab foundation and includes flexible multi-use areas.
The property is located 50 feet east of the intersection of 4th Avenue and E Street, within a tourist and transit corridor surrounded by hotels, dining, transportation options, and other downtown destinations. Building improvements include a 2016 EPDM roof re-roof, a heating system installed in 2024, a dedicated fire alarm and sprinkler panel added in 2025, and a boiler replacement. The electrical system was retrofitted in 2003, with the service panel relocated and upgraded in 2019. Window caulking has also been completed.
The property is located 50 feet east of the intersection of 4th Avenue and E Street, within a tourist and transit corridor surrounded by hotels, dining, transportation options, and other downtown destinations. Building improvements include a 2016 EPDM roof re-roof, a heating system installed in 2024, a dedicated fire alarm and sprinkler panel added in 2025, and a boiler replacement. The electrical system was retrofitted in 2003, with the service panel relocated and upgraded in 2019. Window caulking has also been completed.
Key Highlights
- Mixed‑use layout with ground- and second‑floor retail plus third‑floor office space
- Full‑size basement provides substantial storage space
- Located 50 feet east of the 4th Avenue and E Street intersection
Property Analytics
Property Profile
Current Use
Lease Details
Yes
Sprinkler system
Location Intelligence
Demographics for 99501, AK
18,590
Population
8,906
Households
2.1
Avg Household Size
38
Median Age
40%
College-Educated
92%
High-School Grad
6.7 sq mi
ZIP Area
2,775
Density / Sq Mi
$69,591
Median Household Income
$43,542
Median Earnings
$1,181
Median Rent
$378,700
Median Home Value
Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Mixed-use property - Block construction includes retail, office, and full-basement space across a flexible multi-level layout.
Where is this mixed-use property located?
The property is located at 428 W 4th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $1,500,000.
What are key features of this property?
This property features: Mixed‑use layout with ground- and second‑floor retail plus third‑floor office space; Full‑size basement provides substantial storage space; Located 50 feet east of the 4th Avenue and E Street intersection
