Historic Mixed-Use
609 F Street, Anchorage, AK 99501
For Sale
$4,600,000
B2A-zoned property offers multiple commercial spaces and expansive open areas for a range of business uses.
Property Size16,308 SF
Lot Size0.32 Acres
Price / SF$282.07
Days on Market142
Property Features for 609 F Street
General Information
Standard status
Size
Total Parking Spaces
Lot size
Property subtype
Zoning
Site & Location
Neighborhood
Building Details
Building Size
Year Built
Buildings
Listing Agency:
Jack White Commercial
(907) 563-5500
Listed By:
Marc Dunne
(907) 229-5525
Source:
Kodiakislandrealestate
Added: Jun 25
Changed: Nov 13
Last Checked: Nov 13 at 4:01PM
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 Jack White Commercial
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Investment Insights
Based on property information with market context.
Built in 1950, this 16,308-square-foot historic property occupies a 14,000-square-foot parcel and contains multiple commercial spaces alongside expansive open areas. Its B2A – Central Business Core zoning supports a mixed-use commercial profile.
The building is at 609 F Street in downtown Anchorage, adjacent to the Alaska Performing Arts Center and Town Square. The property previously operated as a restaurant and event venue.
The building is at 609 F Street in downtown Anchorage, adjacent to the Alaska Performing Arts Center and Town Square. The property previously operated as a restaurant and event venue.
Key Highlights
- 16,308‑square‑foot historic building on a 14,000‑square‑foot parcel
- B2A – Central Business Core zoning
- Multiple commercial spaces and expansive open areas
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$204,502
Cap Rate
4.45%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,090,040
$4.1M
Cap Rate 7%
$2,921,457
$2.9M
Cap Rate 9%
$2,272,244
$2.3M
Market Conditions
NOI Build-Up for 16,308 SF
Gross rent
$371.8K $22.80/SF
− Vacancy
−$44.6K −$2.74/SF
EGI
$327.2K $20.06/SF
− OpEx
−$122.7K −$7.52/SF
NOI
$204.5K $12.54/SF
Area
Anchorage, AK
Vacancy
12.00%
Lease Rate
$22.80 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$4,090,040
Cap Rate 7%
$2,921,457
Cap Rate 9%
$2,272,244
Alternative Uses
Best Use
Mixed Use
$2.92M
$2.56M – $3.41M
NOI $204,502 @ 7.0% cap · market cap 4.45%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$4.43M
$3.87M – $5.17M
NOI $309,982 @ 7.0% cap · market cap 6.74%
Zoning and permitted uses should be independently verified with authorities.
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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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Frequently Asked Questions
What type of property is this?
Mixed-use property - B2A-zoned property offers multiple commercial spaces and expansive open areas for a range of business uses.
Where is this mixed-use property located?
The property is located at 609 F Street Anchorage, AK.
What is the asking price?
The asking price for this property is $4,600,000.
What are key features of this property?
This property features: 16,308‑square‑foot historic building on a 14,000‑square‑foot parcel; B2A – Central Business Core zoning; Multiple commercial spaces and expansive open areas
