425 W 5th Avenue, Anchorage, AK

$1,275,000

Price

5,979 sqft

Building Size

1957

Year Built

Gallery
Street
Map
Overview
Building Size
5,979 sqft
Year Built
1957
Zoning
Central Business Core
Floors
1
Gross Leaseable Area
5979
Description

Real Estate Only - No business included in sale. Business has no plans to sell or close. DO NOT DISTURB TENANT.Excellent investment opportunity in downtown Anchorage. Property is 100% leased with a stable and reputable tenant, Ginger Restaurant. 7.5% cap rate with annual increases and relatively fixed expenses makes for a strong return for the right investor.

Highlights
  • Lot Features: City Lot
  • Building Features: Restroom(s)-Private
  • Lease Amount Frequency: Monthly
  • Documents Available: Lease, P & L, Package Available
  • Heating: Forced Air
  • Electric: Separate Meter-Elec
  • Buyer Agency Compensation: 3.00
Location
Gallery