300 4Th AveAnchorage, AK 99501

Property Details for 300 4Th Ave

Lot size

0.15 AC

Zone code

B2A CENTRAL BUS CORE

Property type

Retail properties

Property subtype

Parking lots & garages

APN

002-103-30-000

APU

210330000

Description

This exceptional commercial property at 300 & 310 W 4th Avenue in Anchorage, Alaska presents a unique investment opportunity. Boasting a total of 4,970 square feet, this building is ideally suited for a variety of uses, including retail, restaurant, or office space. The main level offers 2,485 square feet of street-level commercial space, perfect for customer interaction and showcasing your business. A substantial 2,485 square foot basement provides ample storage, crucial for inventory management or archiving. The property's significant advantage lies in its dedicated parking lot, a rare find in the heart of downtown Anchorage. This lot offers approximately 20 parking spaces (buyer to verify), ensuring convenient access for both employees and customers. Located on a high-visibility street with excellent foot and vehicle traffic, this property benefits from the vibrancy of downtown Anchorage, with its proximity to numerous dining options, shopping destinations, and public transportation. The 0.21-acre lot provides a secure and accessible base for any business seeking a prominent downtown Anchorage location. This is a rare chance to acquire a well-positioned commercial property with significant potential for growth and success. The asking price is $1,400,000.

• CAP approach

  CAP return

  Valuation

  6%

  $2,577,316

  6.5%

  $2,379,061

  7%

  $2,209,128

• Comparable approach

  Method

  Valuation

  Relative Method

  $4,979,082

  Geo Method

  $3,154,460

• Alternative Use

  Use

  Valuation

  Residential

  $2,006,827

  Hospitality

  $1,838,243

  Educational

  $1,529,396

  Medical

  $1,581,995

  Retail

  $2,379,061

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.2183

Longitude

-149.888

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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