3952 Mountain View Dr Anchorage, AK 99508
- Turn key restaurants
- 5,304 SF
- 0.14 lot acres
Current Use by Public Records
- Jamico's Pizzeria Restaurant / Pizza Restaurant
Property Details for 3952 Mountain View Dr
- Year built
- 1958
- Lot size
- 0.14 lot acres
- Property size
- 5,304 SF
- Zone code
- B3 GENERAL BUSINESS
- Property type
- Turn key restaurants
- APN
- 005-035-07-000
- APU
- 503507000
Description
This exceptional 5,304 square foot retail storefront investment property, located at 3952 Mountain View Dr, Anchorage, AK 99508, presents a compelling opportunity. The property boasts three fully occupied units, generating a strong income stream with 100% occupancy. Built in 1958 and extensively renovated in 2018, the building is in excellent condition. The property is zoned B3 - General Business, allowing for versatile commercial uses. The 6,250 square foot lot provides ample space. The current asking price is $499,000, representing a compelling $94.08 per square foot. The property's strong performance is reflected in its current cap rate of 10.41% and a pro-forma cap rate of 9.21%, with a pro-forma NOI of $45,948. The largest unit includes an upstairs apartment and has been occupied by a restaurant for an extended period. This multi-tenant property offers a diverse income stream and is situated in a prime Anchorage location, providing excellent accessibility and proximity to the commercial core. This is an ideal addition to any investment portfolio seeking stable returns and future appreciation potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Anchorage
- County
- Anchorage
- State
- Alaska
- Longitude
- -149.807
- Latitude
- 61.2239
- CBSA code
- 11260
- CBSA name
- ANCHORAGE, AK METROPOLITAN STATISTICAL AREA
