Downtown Anchorage Restaurant
For Sale
$850,000
533 W 4th Ave, Anchorage, AK 99501
Restaurant property for sale in downtown Anchorage.
Property Size3,000 SF
Lot Size0.07 Acres
Price / SF$283.33
Days on Market214
Property Features for 533 W 4th Ave
General Information
Standard status
Active
Size
3,000 SF
Lot size
0.07 Acres
Site & Location
Neighborhood
Downtown
Building Details
Year Built
1976
Listing Agency:
Spire Commercial
Listed By:
Ryan Schwalbe · License #194501
(907) 231-0380
Source:
Kachemakgrouprealestate
Added: Mar 26
Changed: Oct 10
Last Checked: Oct 7 at 5:42PM
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 Spire Commercial
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Investment Insights
Based on property information with market context.
Located at 533 W. 4th Ave in downtown Anchorage, this property features a 3,000-square-foot building on a 3,250-square-foot lot zoned B2B. Situated between E Street and F Street, the property is directly across from Peratrovich Park. It currently houses Kumagoro Sushi, a restaurant with seating for approximately 60 patrons, a full commercial kitchen, a beer and wine license, and a sushi bar. The real property is for sale only and comes with a 60-month lease in place. The property is suitable for restaurant use. Downtown Anchorage is described as being on the rebound.
Key Highlights
- Prime downtown Anchorage location on W. 4th Ave, across from Peratrovich Park.
- 3,000sf building on 3,250sf of B2B zoned land.
- Currently operating as a ~60 patron restaurant (Kumagoro Sushi) with a full commercial kitchen and sushi bar.
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$57,024
Cap Rate
6.71%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,480
$1.1M
Cap Rate 7%
$814,629
$814.6K
Cap Rate 9%
$633,600
$633.6K
Market Conditions
NOI Build-Up for 3,000 SF
Gross rent
$79.2K $26.40/SF
− Vacancy
−$3.2K −$1.06/SF
EGI
$76.0K $25.34/SF
− OpEx
−$19.0K −$6.34/SF
NOI
$57.0K $19.01/SF
Area
Anchorage, AK
Vacancy
4.00%
Lease Rate
$26.40 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,140,480
Cap Rate 7%
$814,629
Cap Rate 9%
$633,600
Alternative Uses
Best Use
Specialty Retail
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Current Use
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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Conventional restaurant - Restaurant property for sale in downtown Anchorage.
Where is this conventional restaurant located?
The property is located at 533 W 4th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime downtown Anchorage location on W. 4th Ave, across from Peratrovich Park.; 3,000sf building on 3,250sf of B2B zoned land.; Currently operating as a ~60 patron restaurant (Kumagoro Sushi) with a **full commercial kitchen and sushi bar**.
