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    OFF-MARKET
    Warehouses

    5401 Cordova St #201 &, Anchorage, AK 99518

    2,000 SF
    Property ID
    Property summary
    AI-generated overview

    This exceptional offering presents two vacant, combined 2,000-square-foot commercial condominiums in Anchorage, Alaska. Located at 5401 Cordova Street #201 & #202, 99518, this property boasts a highly desirable I1 (Light Industrial) zoning designation, making it suitable for a variety of uses. Currently configured as a spacious office space, the units feature a private office, kitchen/kitchenette, shop/storage area, and a bathroom. High ceilings and premium lighting enhance the versatile layout. The property benefits from a glass-front entry, ideal for both office and retail applications. Conversion to a more warehouse-focused space is easily achievable, particularly with the reinstallation of an overhead door. The low-maintenance aspect is a significant advantage, with the homeowner's association covering water, sewer, refuse, parking lot maintenance, landscaping, and reserves (currently $453.03/month, subject to change in 2025). The owner is responsible for gas, electricity, and interior unit maintenance. This prime location near C Street and International Airport Road offers unparalleled convenience and accessibility. The asking price for this unique opportunity is $430,000. The property is situated on one story and is ready for immediate occupancy.

    Property profile
    Verified
    Property type Warehouses
    Total area 2,000 SF
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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