3200 Spenard Rd Anchorage, AK 99503-3706

This exceptional mixed-use property, situated at 3200 Spenard Road in Anchorage, Alaska, presents a lucrative investment opportunity. The building encompasses a substantial 4,642 square feet on a 0.18-acre lot, offering a blend of residential and commercial space. Upstairs, eight apartments provide a combined 2,400 square feet of living area, generating consistent rental income. The ground floor boasts 2,242 square feet of versatile commercial space, ideal for a variety of businesses – retail, office, or other commercial ventures. The property's location in Anchorage ensures high visibility and accessibility, attracting a diverse clientele. This well-maintained building offers a strong return on investment, combining the benefits of both residential and commercial income streams. The substantial square footage and prime location make this an attractive proposition for savvy investors seeking a diversified portfolio. The existing apartment units provide immediate cash flow, while the ample commercial space allows for significant future growth and development. This is a rare opportunity to acquire a well-established, mixed-use property in a thriving Anchorage market. The property is priced at $550,000, reflecting its exceptional value and potential. Serious inquiries are encouraged.