Current Use by Public Records
- Mixed-use properties
Property Details for 3161 Palmer-Wasilla Hwy
- Year built
- 1975
- Property type
- Mixed-use properties
- Property subtype
- Medical space
Description
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.
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
- -149.371
- Latitude
- 61.5851
