Downtown Anchorage Restaurant
533 W 4th Ave Anchorage, AK 99501
533 W 4th Ave, Anchorage, AK, 99501
Contact for pricing
For Sale
Contact for pricing
Restaurant property for sale in downtown Anchorage.
Property Size3,000 SF
Lot Size0.07 Acres
Price / SF$283.33
Days on Market705
Property Features for 533 W 4th Ave
General Information
- Standard status
- Active
- Size
- 3,000 SF
- Lot size
- 0.07 Acres
- Property subtype
- Retail
Building Details
- Year Built
- 1976
Listing Agency
Spire Commercial Real Estate
(907) 230-1523
Listed by
Ryan Schwalbe · License #AK 194501
Source
Crexi
Added: Aug 16, 2024 Updated: Jul 10 at 3:43 pm Checked: Jul 20 at 7:10 am
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 Spire Commercial Real Estate
Investment Insights
Based on property information with market context.
Located at 533 W. 4th Ave in downtown Anchorage, this property features a 3,000-square-foot building on a 3,250-square-foot lot zoned B2B. Situated between E Street and F Street, the property is directly across from Peratrovich Park. It currently houses Kumagoro Sushi, a restaurant with seating for approximately 60 patrons, a full commercial kitchen, a beer and wine license, and a sushi bar. The real property is for sale only and comes with a 60-month lease in place. The property is suitable for restaurant use. Downtown Anchorage is described as being on the rebound.
Key Highlights
- Prime downtown Anchorage location on W. 4th Ave, across from Peratrovich Park.
- 3,000sf building on 3,250sf of B2B zoned land.
- Currently operating as a ~60 patron restaurant (Kumagoro Sushi) with a full commercial kitchen and sushi bar.
Local Financial Insights For Specialty 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 | $79.2k | $26.40 |
| − Vacancy | −$3.2k | −$1.06 |
| EGI | $76.0k | $25.34 |
| − OpEx | −$19.0k | −$6.34 |
| NOI | $57.0k | $19.01 |
3,000 SF · lease $26.40/SF/yr · vacancy 4.00% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$814.6K
$712.8K – $950.4K
NOI $57,024 @ 7.0% cap · market cap 6.71%
Second Best
—
—
no second resolved use
Theoretical Best
—
—
same as Best Use
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Kumagoro
Restaurant
Similar For Sale Nearby
FAQs
What type of property is this?
Conventional restaurant - Restaurant property for sale in downtown Anchorage.
Where is this conventional restaurant located?
The property is located at 533 W 4th Ave Anchorage, AK.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Prime downtown Anchorage location on W. 4th Ave, across from Peratrovich Park.; 3,000sf building on 3,250sf of B2B zoned land.; Currently operating as a ~60 patron restaurant (Kumagoro Sushi) with a **full commercial kitchen and sushi bar**.
