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    880 N St Anchorage, AK 99501

    Sponsored
    For Sale
    $500,000

    Downtown Anchorage, 2160 sq ft office condo

    Property size:
    2,160 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This Class A, 2,160 square foot office condo in downtown Anchorage, Alaska, is a fantastic owner-user opportunity. Located at 880 N St, Anchorage, AK 99501, this single-unit property boasts stunning Park Strip views and abundant natural light. Built in 1979, this three-story building offers a spacious layout including approximately six offices, a conference room, reception area, kitchenette, copy room, elevator access, and a large basement storage room. Exterior wheelchair access and on-site parking are also available. Currently configured as a law office, the space is adaptable to various professional uses. The property is 100% occupied as of June 1, 2024. The asking price is $500,000 ($231.48/sq ft). Zoned RO, this property benefits from significantly reduced monthly association dues, decreasing 24% to $2,630 per month starting January 1, 2025. These dues encompass operating administrative expenses, utility expenses (water, sewer, natural gas, refuse, phone, electric), maintenance expenses (building, parking lot, electrical, plumbing/HVAC, elevator, seasonal maintenance), and reserve contributions. MLS#24-3623.

    Property Features for 880 N St

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    2,160 SF
    Class
    A

    Building Details

    Year Built
    1979
    Buildings
    1
    Stories
    3
    Units
    1

    HighLights

    • Class A, 2,160 sq ft office condo in downtown Anchorage, AK.
    • Located at 880 N St, Anchorage, AK 99501, with Park Strip views and abundant natural light.
    • Features six offices, conference room, reception area, kitchenette, copy room, elevator, large basement storage, wheelchair access, and on‑site parking.
    • Currently configured as a law office, adaptable to various professional uses; 100% occupied as of June 1, 2024.
    • Asking price: $500,000 ($231.48/sq ft); RO zoning; HOA dues decreasing 24% to $2,630/month starting January 1, 2025.
    Property Profile Location Intelligence

    Current Use by Public Records

    European Piano School Music Instructor Delaney Park Dental Dentist Linda M. Hearn, ... Psychologist Dr. Gregory T. ... Dentist Glenn E Cravez ... Attorney

    Map

    City
    Anchorage
    County
    Anchorage Municipality
    State
    Alaska
    Longitude
    -149.90783211854
    Latitude
    61.214032415031

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    FAQs

    What type of property is this?
    Office Property / Space - Downtown Anchorage, 2160 sq ft office condo
    Where is this office property / space located?
    The property is located at 880 N St Anchorage, AK.
    What is the asking price?
    The asking price for this property is $500,000.
    What are key features of this property?
    This property features: Class A, 2,160 sq ft office condo in downtown Anchorage, AK.; Located at 880 N St, Anchorage, AK 99501, with Park Strip views and abundant natural light.; Features six offices, conference room, reception area, kitchenette, copy room, elevator, large basement storage, wheelchair access, and on-site parking.
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    880 N St Anchorage, AK 99501
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    Anchorage, AK 99501
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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

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    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
    880 N St Anchorage, AK 99501
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