7216 Lk Otis Pkwy Anchorage, AK 99507-2740
This 3,024 square foot commercial property, situated at 7216 Lake Otis Parkway in Anchorage, Alaska, presents a compelling investment opportunity. Located just south of Dowling Road on Lake Otis Parkway, the property benefits from high vehicular traffic, ensuring excellent visibility and accessibility for any business. The 0.34-acre lot provides ample parking, a significant advantage in a busy commercial area. The building's versatility allows for a wide range of potential uses, making it an ideal choice for entrepreneurs and established businesses alike. A key feature is the recently installed new roof by Chinook Roofing, eliminating immediate roof replacement costs and providing peace of mind for years to come. The property's prime location and substantial parking make it a highly attractive option for businesses seeking a strong presence in a high-traffic area of Anchorage. The asking price of $850,000 reflects the property's excellent location, recent improvements, and considerable potential. Serious inquiries are encouraged to explore the possibilities this property offers. Further details regarding zoning and permitted uses are available upon request. This is a rare opportunity to acquire a well-located commercial property in a thriving Anchorage market.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2024Comparables
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
B3 GENERAL 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.