401 I StAnchorage, AK 99501

Property Details for 401 I St

Year built

1957

Lot size

0.15 AC

Property size (Sq ft)

1,472 SF

Zone code

B2B CENTRAL BUSINESS

Property type

Retail properties

Property subtype

Turn key restaurants

APN

001-034-50-000

APU

103450000

Description

This thriving restaurant, located at 401 I Street in Anchorage, Alaska's bustling downtown core, presents a unique turnkey business opportunity. Boasting 1,472 square feet of space, this well-established eatery has enjoyed a decade of consistent success, cultivating a loyal customer base among both locals and tourists. Its prime location, situated near courthouses, office buildings, and hotels, ensures high foot traffic and visibility. The sale includes all fixtures, furniture, and equipment (FF&E), minimizing the initial investment required for a new owner. The restaurant's proven track record of profitability makes it an attractive proposition for an owner-operator seeking immediate returns. Ten years of operational history provides a solid foundation for continued growth and success. This is a rare chance to acquire a profitable, established business in a desirable location without the lengthy setup and development typically associated with new ventures. The property is situated on a lot with zero acres, reflecting its urban, high-density location. The asking price for this turnkey restaurant is $150,000. This represents a significant opportunity for an experienced restaurateur or a first-time business owner looking for a proven, profitable venture. Serious inquiries are encouraged.

• CAP approach

  CAP return

  Valuation

  6%

  $583,663

  6.5%

  $538,766

  7%

  $500,283

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,127,571

  Geo Method

  $714,364

• Alternative Use

  Use

  Valuation

  Residential

  $454,469

  Hospitality

  $416,291

  Educational

  $346,349

  Medical

  $358,261

  Retail

  $538,766

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.2183

Longitude

-149.899

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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