Property summary
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.
Property profile
VerifiedCap rate & NOI
Current use
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Auto Parts Store (Bike/Boat/Book/etc) Store
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Value estimation
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from $99/month
Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
CE B3 · Eagle River, AKZoning
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Zoning designation
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