2828 Dimond BlvdAnchorage, AK 99502

Property Details for 2828 Dimond Blvd

Year built

1953

Construction

WOOD FRAME

Lot size

0.31 AC

Property size (Sq ft)

3,055 SF

Zone code

B3 GENERAL BUSINESS

Property type

Retail properties

Property subtype

Bars

APN

012-381-20-000

APU

1238120000

Description

This exceptional 3,055 square foot commercial property, located at 2828 W Dimond Blvd in Anchorage, Alaska (99502), presents a unique investment opportunity. Situated on a sizable 0.84-acre lot (36,776 square feet) zoned B3: General Business, this property offers immense potential for redevelopment or restoration. The single-story, 1975-built building is currently vacant, providing a blank canvas for your vision. Previously operating as the Hideaway Club, this established location in south Anchorage boasts high visibility and accessibility. The asking price is $650,000, representing a fee simple ownership. With its substantial lot size and flexible zoning, this property is ideal for a variety of commercial uses. The seller is open to exploring various development proposals. This is a value-add and/or redevelopment opportunity with a net operating income (NOI) currently at $0 due to vacancy. The property consists of one unit and features ample space for a wide range of businesses. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $1,211,338

  6.5%

  $1,118,159

  7%

  $1,038,290

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,340,169

  Geo Method

  $1,482,596

• Alternative Use

  Use

  Valuation

  Residential

  $943,209

  Hospitality

  $863,974

  Educational

  $718,816

  Medical

  $743,537

  Retail

  $1,118,159

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.1372

Longitude

-149.936

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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