11115 Old Eagle Riv RdAnchorage, AK 99577

Property Details for 11115 Old Eagle Riv Rd

Year built

1985

Lot size

0.18 AC

Property size (Sq ft)

5,104 SF

Zone code

CE B3

Property type

Retail properties

Property subtype

Other car washes

APN

050-181-25-000

APU

5018125000

Description

This 5,401 square foot warehouse, situated on a 0.33-acre lot (14,300 sq ft) in Anchorage, Alaska, presents a compelling value-add investment opportunity. Located at 11115 Old Eagle River Rd, Anchorage, AK 99577, this single-story building boasts a desirable CE-B3 zoning, ideal for a variety of commercial uses. Currently vacant, the property offers three units, each priced at $160,000, totaling an asking price of $480,000 ($88.87/sq ft). The property features three auto stalls with pits and three-phase power. While the building has no loading docks or dock-high doors, its location on Old Eagle River Road and proximity to Old Glenn Highway ensures high visibility and robust traffic counts. The property is being sold AS-IS, WHERE-IS, with the seller not entertaining any repairs or improvements before closing. All information should be verified by the buyer for their intended use. The property's APN is 05018125000. The property is available for occupancy on June 24, 2024.

• CAP approach

  CAP return

  Valuation

  6%

  $2,023,788

  6.5%

  $1,868,112

  7%

  $1,734,675

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,909,728

  Geo Method

  $2,476,979

• Alternative Use

  Use

  Valuation

  Residential

  $1,575,822

  Hospitality

  $1,443,445

  Educational

  $1,200,929

  Medical

  $1,242,231

  Retail

  $1,868,112

Location Insight

City

Eagle River

County

Anchorage

State

Alaska

Latitude

61.3207

Longitude

-149.569

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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