3161 Palmer-Wasilla Hwy Wasilla, AK 99654

This exceptional mixed-use medical building, totaling 13,800 square feet, presents a compelling investment opportunity in Wasilla, Alaska. Situated on a substantial 68,448 square foot lot at 3161 E Palmer-Wasilla Hwy, 99654, this single-story, 1975-built property boasts high visibility and convenient access to Palmer and Wasilla. Currently housing four tenants with 60% occupancy as of May 1, 2024, approximately 5,500 square feet is available for owner-occupancy. The property offers a strong pro-forma cap rate of 8.20%, making it attractive to both owner-users and investors. The asking price is $2,200,000, translating to $159.42 per square foot. The property is fee simple ownership, with no ground lease. The building is unzoned (UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston), and features six units within a single building. Minimal deferred maintenance is reported. This prime location on the busy Palmer-Wasilla Highway ensures high traffic and visibility, providing excellent potential for growth and return on investment. The property is located outside Wasilla city limits.