1301 Huffman RdAnchorage, AK 99515

Property Details for 1301 Huffman Rd

Year built

1981

Lot size

1.04 AC

Property size (Sq ft)

29,023 SF

Zone code

I1 LIGHT INDUSTRIAL

Property type

Office properties

Property subtype

Office buildings

APN

016-191-03-000

APU

1619103000

Description

This exceptional commercial laundry business, situated at 1301 Huffman Road in Anchorage, Alaska, presents a rare opportunity for a savvy investor. The 3,000 square foot facility boasts a loyal customer base built on years of meticulous maintenance and reliable service. The business operates with flexible hours, catering to the needs of both businesses and the general public, ensuring consistent revenue streams. Its strategic location offers ample parking, a significant advantage in a busy commercial area. The current setup is well-established and profitable, providing a solid foundation for immediate returns. However, the property also presents significant potential for expansion, allowing a new owner to capitalize on the strong demand and further increase profitability. The existing infrastructure is in excellent condition, minimizing upfront capital expenditures. This turnkey operation requires minimal immediate investment, making it an attractive proposition for those seeking a stable and growing business venture. The property's size and location provide ample room for future growth and adaptation to changing market demands. This is a truly exceptional opportunity to acquire a well-established, profitable business in a prime Anchorage location.

• CAP approach

  CAP return

  Valuation

  6%

  $7,828,513

  6.5%

  $7,226,320

  7%

  $6,710,154

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,822,216

  Geo Method

  $5,589,250

• Alternative Use

  Use

  Valuation

  Residential

  $8,960,637

  Hospitality

  $8,207,895

  Educational

  $6,828,872

  Medical

  $7,063,728

  Retail

  $10,622,690

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.1091

Longitude

-149.858

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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