Anchorage Bar/Restaurant with Liquor
For Sale
$1,900,000
626 D St, Anchorage, AK 99501
Downtown Anchorage bar/restaurant with liquor license for sale.
Property Size7,188 SF
Lot Size0.32 Acres
Price / SF$264.33
Days on Market204
Property Features for 626 D St
General Information
Standard status
Active
Size
7,188 SF
Lot size
0.32 Acres
Listing Agency:
Spire Commercial
Listed By:
Ryan Schwalbe · License #194501
(907) 230-1523
Source:
Griggrealty
Added: Mar 31
Changed: Oct 11
Last Checked: Oct 7 at 4:31PM
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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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
This property features a 7188 square foot building situated on a 14,010 square foot lot. Zoned B2B: Central Business Intermediate, the property was formerly Bernie's Bungalow, a bar and restaurant. The building includes a commercial kitchen, three bars, multiple bathrooms, and storage areas. Additional features include office space, patios, an outdoor performance stage, an outdoor bar, and an outdoor seating area. The property is located in downtown Anchorage.
Key Highlights
- Downtown Anchorage bar/restaurant with liquor license included
- Large 7,188sf building on a 14,010sf lot zoned B2B
- Features a commercial kitchen and three bars
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$136,630
Cap Rate
7.19%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,732,600
$2.7M
Cap Rate 7%
$1,951,857
$2.0M
Cap Rate 9%
$1,518,111
$1.5M
Market Conditions
NOI Build-Up for 7,188 SF
Gross rent
$189.8K $26.40/SF
− Vacancy
−$7.6K −$1.06/SF
EGI
$182.2K $25.34/SF
− OpEx
−$45.5K −$6.34/SF
NOI
$136.6K $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%
$2,732,600
Cap Rate 7%
$1,951,857
Cap Rate 9%
$1,518,111
Alternative Uses
Best Use
Specialty Retail
$1.95M
$1.71M – $2.28M
NOI $136,630 @ 7.0% cap · market cap 7.19%
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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Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bar & Pub - Downtown Anchorage bar/restaurant with liquor license for sale.
Where is this bar & pub located?
The property is located at 626 D St Anchorage, AK.
What is the asking price?
The asking price for this property is $1,900,000.
What are key features of this property?
This property features: Downtown Anchorage bar/restaurant with liquor license included; Large 7,188sf building on a 14,010sf lot zoned B2B; Features a commercial kitchen and three bars
