8133 Old Seward Hwy Anchorage, AK 99518-3359

This exceptional 5,035 square foot vacant storefront, located at 8133 Old Seward Highway in Anchorage, Alaska, presents a compelling owner-user or multi-tenant investment opportunity. Priced at $950,000, this property boasts a substantial 35,280 square foot lot, providing ample parking and future expansion potential. Renovated in 2016, the building offers immediate occupancy for a wide range of retail uses. The B3 zoning allows for diverse business applications. Situated in the high-traffic Dimond area, this location benefits from proximity to major retailers like Starbucks, Dimond Center, and Best Buy, ensuring high visibility and consistent customer flow. With over 17,000 vehicles passing daily on Old Seward Highway, this storefront enjoys unparalleled exposure. The property's strong financials include a pro-forma NOI of $135,945 and a pro-forma cap rate of 14.31%. The asking price per square foot is $188.68. This is a rare opportunity to acquire a prime retail space in a highly desirable Anchorage location. The zip code is 99518.