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    4246 Laurel St Anchorage, AK 99508

    Sponsored
    For Sale
    $1,121,176

    1.12 Acres, R-O Zoning, Development Opportunity

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 48,853 square foot commercial land parcel presents a prime development opportunity in Anchorage's vibrant U-MED District. Located at 4246 Laurel Street, Anchorage, AK 99508, this 1.12-acre site is zoned RO (Residential Office), offering considerable flexibility for various commercial projects. The property's premier location provides excellent visibility and accessibility. Surveys are available for review. Prospective buyers are responsible for conducting their own due diligence to ensure the property's suitability for their intended use. Note that an adjacent 0.53-acre parcel at 4245 Lake Otis Parkway, offering Lake Otis Parkway access, is also available for purchase as a package deal for a combined price of $1,649,967. This combined offering presents a unique opportunity to acquire a larger, strategically positioned land holding within the U-MED District. The asking price for the 4246 Laurel Street property alone is $1,121,176. This is a rare chance to secure a significant development site in a high-demand area. Serious inquiries are encouraged.

    Property Features for 4246 Laurel St

    General Information

    Property type
    Land

    HighLights

    • Prime 1.12‑acre development site in Anchorage's U‑MED District.
    • 48,853 SF R‑O zoned lot at 4246 Laurel Street, Anchorage, AK.
    • Adjacent 0.53‑acre parcel at 4245 Lake Otis Parkway available for combined purchase; total price $1,649,967.
    • Surveys available; buyer responsible for due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Anchorage
    County
    Anchorage
    State
    Alaska
    Longitude
    -149.8353942
    Latitude
    61.1819522

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    FAQs

    What type of property is this?
    Land - 1.12 Acres, R-O Zoning, Development Opportunity
    Where is this land located?
    The property is located at 4246 Laurel St Anchorage, AK.
    What is the asking price?
    The asking price for this property is $1,121,176.
    What are key features of this property?
    This property features: Prime 1.12-acre development site in Anchorage's U-MED District.; 48,853 SF R-O zoned lot at 4246 Laurel Street, Anchorage, AK.; Adjacent 0.53-acre parcel at 4245 Lake Otis Parkway available for combined purchase; total price $1,649,967.
    (907) 561-2220
    Request Owner's contact information
    4246 Laurel St Anchorage, AK 99508
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    Anchorage, AK 99508
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4246 Laurel St Anchorage, AK 99508
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