201 E 3Rd Ave Anchorage, AK 99501
- Office buildings
- 14,980 SF
- 0.56 lot acres
Current Use by Public Records
- Trailboss / Corporate Office
- Pella Windows & Doors / Hardware & Home Improvement / Production Facility
- Seymour Design Group / Renovation Specialist / (Bike/Boat/Book/etc) Store
- Yukon River Inter-Tribal / Social Service Agency
- Diamond Parking / Parking Lot & Garage
Property Details for 201 E 3Rd Ave
- Year built
- 1973
- Lot size
- 0.56 lot acres
- Property size
- 14,980 SF
- Zone code
- B2C CENTRAL BUSINESS
- Property type
- Office buildings
- APN
- 002-084-60-000
- APU
- 208460000
Description
This exceptional three-story executive office building, located at 201 E 3rd Ave in Anchorage, Alaska, presents a unique investment opportunity. Boasting 14,980 square feet of well-maintained space, this property is situated on a 0.56-acre lot and features ample parking with 56 on-site spaces supplemented by street parking. Built in 1973 and extensively renovated in 2023, the building includes desirable amenities such as a large boardroom, a full kitchen, an elevator (with two stairwells for added convenience), and a comprehensive security system. The building is zoned B2C, making it suitable for a variety of uses. The elevator underwent a complete rebuild in May 2023, representing a $53,000 investment. The property is ideal for a single large tenant or can easily accommodate multiple occupants. A portion of the building is currently owner-occupied, and the owner may consider a lease-back arrangement. This presents a rare chance to acquire a well-maintained, high-quality office building in a desirable Anchorage location. The asking price is $2,375,000.
Value Estimations
-
AI approach
- Method
- Estimation
- ML approach
- $615,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $1,110,000
Market price range: $553k - $1.57M -
Alternative Use
- Use
- Estimation
- OFFICE BUILDING
- $1,035,000 Current use
- RESTAURANT
- $1,225,000 Change: +19% Conversion: Moderate
- MEDICAL BUILDING
- $1,220,000 Change: +18% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,145,000 Change: +11% Conversion: Easy
- RETAIL STORES
- $1,070,000 Change: +3% Conversion: Moderate
- AUTO REPAIR, GARAGE
- $1,015,000 Change: -2% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Anchorage
- County
- Anchorage
- State
- Alaska
- Longitude
- -149.881
- Latitude
- 61.2198
- CBSA code
- 11260
- CBSA name
- ANCHORAGE, AK METROPOLITAN STATISTICAL AREA
