B-3 Zoned Retail Building and
901 & 911 E 5th Avenue Anchorage, AK 99501
901 & 911 E 5th Avenue, Anchorage, AK, 99501
$675,000
Pending
For Sale
$675,000
Pending
COMMERCIAL - Anchorage, AK
Property Size3,084 SF
Lot Size0.31 Acres
Days on Market150
Property Features for 901 & 911 E 5th Avenue
General Information
- Property type
- Commercial Sale
- Property subtype
- Other
- Zoning
- B3 - General Business
- Standard status
- Pending
- APN
- 0030723100001
- Size
- 3,084 SF
- Lot size
- 0.31 Acres
Taxes and HOA fees
- Tax Description
- East Addition L7-8 B27D
Building Details
- Year built
- 1956
- Floors in Building
- 1
Listing Agency
EXP Realty, LLC
(907) 519-0095
3705 Arctic Blvd #292, Anchorage, AK
Listed by
Lisa Yi · License #169328
(907) 231-1454
Added: Feb 18 Checked: Jul 18 at 6:06 am
MLS# 26-1569
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This for-sale commercial property includes a retail building at 901 E 5th Ave along with a lot at 911 E 5th Ave. Total building size is 3,084 square feet, set on a 0.31-acre lot. The property is presented under B-3 general business zoning.
Public remarks describe the asset as being located in downtown Anchorage with excellent visibility, strong traffic counts, and easy access.
With both a building and an additional lot included, the site offers flexibility for prospective buyers interested in a retail-focused redevelopment or continued commercial use under B-3 zoning.
Public remarks describe the asset as being located in downtown Anchorage with excellent visibility, strong traffic counts, and easy access.
With both a building and an additional lot included, the site offers flexibility for prospective buyers interested in a retail-focused redevelopment or continued commercial use under B-3 zoning.
Key Highlights
- Commercial property in downtown Anchorage includes building at 901 E 5th Ave and lot at 911 E 5th Ave
- Building year built: 1956
- B‑3 zoning allows a variety of commercial and redevelopment opportunities
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $77.7k | $25.20 |
| − Vacancy | −$3.5k | −$1.13 |
| EGI | $74.2k | $24.07 |
| − OpEx | −$22.3k | −$7.22 |
| NOI | $52.0k | $16.85 |
3,084 SF · lease $25.20/SF/yr · vacancy 4.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$742.2K
$649.4K – $865.9K
NOI $51,954 @ 7.0% cap · market cap 7.70%
Second Best
—
—
no second resolved use
Theoretical Best
Specialty Retail
$837.4K
$732.8K – $977.0K
NOI $58,621 @ 7.0% cap · market cap 8.68%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Speedy Glass
Auto Repair Shop
Similar For Sale Nearby
FAQs
What type of property is this?
Storefront property - For sale retail property featuring a building and adjacent lot with B-3 general business zoning and downtown access.
Where is this storefront property located?
The property is located at 901 & 911 E 5th Avenue Anchorage, AK.
What is the asking price?
The asking price for this property is $675,000.
What are key features of this property?
This property features: Commercial property in downtown Anchorage includes building at 901 E 5th Ave and lot at 911 E 5th Ave; Building year built: 1956; B‑3 zoning allows a variety of commercial and redevelopment opportunities
