Property profile

626 D St Anchorage, AK 99501

FOR SALE
Bars & Pubs
Property ID
US02-0025830
2,697 SF 0.32 ac lot Built 1941
Entity Owned 14-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional commercial property, located at 626 D Street in Anchorage, Alaska, presents a unique investment opportunity. The 7,188 square foot building sits on a sizable 0.32-acre lot (14,010 square feet) and is zoned B2B: Central Business Intermediate. The property's history includes operation as Bernie's Bungalow, a well-established bar and restaurant. This versatile space boasts a substantial commercial kitchen, fully equipped for large-scale food preparation. Two separate bars are included, along with ample bathroom facilities to accommodate a high volume of patrons. Extensive storage space is available, along with dedicated office areas for administrative functions. The property also features inviting patios, perfect for outdoor dining or events, and a unique outdoor performance stage, adding to its entertainment potential. A sizable backyard provides additional space, offering possibilities for expansion or outdoor amenities. The property's central downtown location offers excellent visibility and accessibility, making it an ideal location for a variety of commercial ventures. The substantial size and diverse features of this property make it a highly attractive investment opportunity in the thriving Anchorage market. The B2B zoning allows for a wide range of commercial uses, providing flexibility for future development and adaptation. This is a rare chance to acquire a well-established, versatile commercial property in a prime downtown location. The asking price is $2,200,000.

Property profile

Verified
Property type Bars & Pubs
Use group BAR, TAVERN
Year built 1941
Construction WOOD FRAME
Total area 2,697 SF
Lot 0.32 ac (14,010 SF)
Zoning code B2B CENTRAL BUSINESS
APN 002-112-72-000
UPID US02-0025830

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Atm
  • Restaurant

Location

626 D St Anchorage, AK 99501
Anchorage metro Census 1100 ANCHORAGE, AK METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$555k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$425k

Owner & transaction history

since 2012
4 recorded transactions
2023
Price N/A
2017
Price N/A
2012
Price N/A
1969
Price N/A

Zoning & alternative use

B2B CENTRAL BUSINESS · Anchorage, AK

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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More about this property
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