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Property summary
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
VerifiedCap rate & NOI
Current use
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Atm
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Restaurant
Location
Value estimations
Owner & transaction history
Zoning & alternative use
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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Cap rate
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from $99/month
Derived from the Anchorage market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
B2B CENTRAL BUSINESS · Anchorage, AKZoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
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