16500 E Marilyn Dr Palmer, AK 99645
For Sale
1 / 11
This exceptional 4,000 square foot property, situated on a one-acre lot at 16500 Marilyn Drive in Palmer, AK, presents a unique blend of residential and commercial possibilities. The existing 1,000 square foot living area offers comfortable living, with significant potential for expansion. Imagine enlarging the existing space or converting the remaining 3,000 square feet into one or two additional dwelling units, creating a multi-family income stream. Alternatively, the expansive additional space is perfectly suited for a variety of commercial ventures. Envision a drive-thru coffee shop, a cannabis retail outlet, a small restaurant, a hair or nail salon, office space, a storage facility, a gas station, or a convenience store – the possibilities are virtually limitless. The property's prime location in the heart of Alaska's recreational landscape, near Jim Creek, the Butte trailhead, and West Butte Park, ensures high visibility and accessibility. This versatile property offers an unparalleled opportunity to combine work and leisure in a thriving Alaskan community. The asking price is $619,000. This is a rare chance to acquire a substantial property with immense potential for growth and profitability. Don't miss this exceptional opportunity to own a piece of Alaska's vibrant commercial landscape.
-
Alaska International Market Food Market Farmer's Market
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Property description
Physical attributes from public recordsZoning & alternative use
1 · Palmer, AKPalmer. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.