626 D St Anchorage, AK 99501
For Sale
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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.
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ATM Atm
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Bernie's Bungalow Lounge Restaurant
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
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
B2B CENTRAL BUSINESS · Anchorage, AKAnchorage. 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.