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Three-Level Mixed-Use Building
For Sale
$672,000

627 W 3rd Ave, Anchorage, AK 99501

Two full kitchens and a Cook Inlet outlook support flexible commercial or live-work configurations.

Property SizeContact for details
Days on Market129

Property Features for 627 W 3rd Ave

General Information

Standard status Active

Taxes and HOA fees

Annual Taxes $9,000
Listing Agency: Real Broker Alaska
Listed By: Rene' C Kennicott
Source: Exprealty
Added: Apr 5 Changed: Aug 10 Last Checked: Aug 11 at 10:50AM

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 Real Broker Alaska

Investment Insights

Based on property information with market context.

This three-level mixed-use building includes two full kitchens, with one on the main floor and another on the lower level. The configuration supports a range of commercial concepts, hospitality uses, event space, multi-tenant occupancy, or a live-work conversion, subject to applicable approvals.

Views of Cook Inlet add a distinctive setting for customers, guests, or occupants. A rear deck provides additional outdoor area and room for potential expansion, including seating or entertainment space, subject to approvals. The property is located in downtown Anchorage at 627 W 3rd Ave.

Key Highlights

  • Three‑level mixed‑use building at 627 W 3rd Ave
  • Two full kitchens: one on the main floor and one on the lower level
  • Views of Cook Inlet

Property Analytics

Current Use

The Marx Bros Cafe Cafe & Coffee Shop

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

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025
Rey
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Frequently Asked Questions

What type of property is this?
Mixed-use property - Two full kitchens and a Cook Inlet outlook support flexible commercial or live-work configurations.
Where is this mixed-use property located?
The property is located at 627 W 3rd Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $672,000.
What are key features of this property?
This property features: Three‑level mixed‑use building at 627 W 3rd Ave; Two full kitchens: one on the main floor and one on the lower level; Views of Cook Inlet
More about this property
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