Current Use by Public Records
- Era Lash Studio / Hair Salon
- 123 Look At Me Dance Boutique / Dance Store
- Snowbird Lash Co. / Hair Salon
- Aeri Aesthetics / Hair Salon / Nail Salon
- Bark N Purr Avenue / Pet Grooming Service
Property Details for 5031 Mayflower Ln
- Year built
- 1985
- Lot size
- 1.00 lot acres
- Property type
- Retail properties & Spaces
- Property subtype
- Mixed-use properties
Description
This exceptional investment opportunity presents a six-unit commercial condo complex located at 5031 E Mayflower Ln, Wasilla, AK 99654. Priced at $875,000, this 3,550 square foot property offers a compelling blend of existing income and potential for expansion. Built in 1985, the single-story building sits on a one-acre lot and is classified as Class C. Currently, three of the six units are leased, providing immediate cash flow for an owner-occupier seeking to utilize the remaining three vacant units. The property boasts high traffic counts and excellent visibility, ensuring strong potential for tenant acquisition and occupancy. The existing tenants contribute to a stable income stream. The property is zoned UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston, offering flexibility for various commercial uses. An active HOA association manages the complex. This presents a unique chance to acquire a well-situated commercial property with immediate income potential and the possibility of adding six more units, significantly increasing the return on investment. The property's location in Wasilla, Alaska provides access to a growing market and strong community presence. This is an ideal opportunity for an owner-user seeking to establish or expand their business while benefiting from rental income.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Wasilla
- County
- Matanuska-Susitna
- State
- Alaska
- Longitude
- -149.323
- Latitude
- 61.5854
