Retail Building with Adjacent
For Sale
$675,000
Pending
901 & 911 E 5th Avenue Anchorage, Anchorage, AK 99501
For-sale B-3 zoned parcel combining a storefront building with an adjacent lot for commercial use or redevelopment.
Property Size3,084 SF
Days on Market101
Property Features for 901 & 911 E 5th Avenue Anchorage
General Information
Standard status
Pending
Size
3,084 SF
Zoning
B3
Building Details
Building Size
3,084 SF
Year Built
1956
Stories
1
Listed By:
Tarra Quisenberry
(907) 263-9333
Source:
Herringtonlifestyleandliving
Added: Jun 30
Changed: Sep 26
Last Checked: Oct 7 at 9:56AM
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 Tarra Quisenberry
Investment Insights
Based on property information with market context.
This for-sale property combines a storefront building at 901 E 5th Ave with an adjacent lot at 911 E 5th Ave, giving one owner control of both the improved space and the neighboring site. The offering is positioned as a downtown retail property with additional land, creating flexibility for future planning while maintaining an existing building presence.
The site is described as having excellent visibility, strong traffic counts, and easy access, supporting straightforward customer-facing retail uses. The property is located in downtown Anchorage, and it is presented with B-3 zoning, which the seller notes allows a variety of commercial and redevelopment opportunities.
For buyers and tenants evaluating flexible downtown space, the mix of a storefront building plus an adjacent lot can be useful when you want options beyond a single-structure site. The B-3 zoning framework supports a range of commercial directions and potential redevelopment scenarios, while the existing building provides an operating footprint for businesses that can utilize a storefront configuration.
The site is described as having excellent visibility, strong traffic counts, and easy access, supporting straightforward customer-facing retail uses. The property is located in downtown Anchorage, and it is presented with B-3 zoning, which the seller notes allows a variety of commercial and redevelopment opportunities.
For buyers and tenants evaluating flexible downtown space, the mix of a storefront building plus an adjacent lot can be useful when you want options beyond a single-structure site. The B-3 zoning framework supports a range of commercial directions and potential redevelopment scenarios, while the existing building provides an operating footprint for businesses that can utilize a storefront configuration.
Key Highlights
- B‑3 zoned commercial property in downtown Anchorage
- Includes building at 901 E 5th Ave with adjacent lot at 911 E 5th Ave
- Year built: 1956
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$51,954
Cap Rate
7.70%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,080
$1.0M
Cap Rate 7%
$742,200
$742.2K
Cap Rate 9%
$577,267
$577.3K
Market Conditions
NOI Build-Up for 3,084 SF
Gross rent
$77.7K $25.20/SF
− Vacancy
−$3.5K −$1.13/SF
EGI
$74.2K $24.07/SF
− OpEx
−$22.3K −$7.22/SF
NOI
$52.0K $16.85/SF
Area
Anchorage, AK
Vacancy
4.50%
Lease Rate
$25.20 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$1,039,080
Cap Rate 7%
$742,200
Cap Rate 9%
$577,267
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 authorities.
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
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Frequently Asked Questions
What type of property is this?
Storefront property - For-sale B-3 zoned parcel combining a storefront building with an adjacent lot for commercial use or redevelopment.
Where is this storefront property located?
The property is located at 901 & 911 E 5th Avenue Anchorage 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: B‑3 zoned commercial property in downtown Anchorage; Includes building at 901 E 5th Ave with adjacent lot at 911 E 5th Ave; Year built: 1956
