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5320 W Parks Highway

$1,000,000

5320 W Parks Highway, Wasilla, AK 99623

Active
Last Updated: 02/20/2026

4,745 sqft

Building Size

1972

Year Built

Details:
Building Size:    4,745 sqft
Year Built:    1972
Zoning:    Not Zoned-all MSB but Palmer/Wasilla/Houston
Floors:    2
Gross Leaseable Area:    4,745
Highlights:
  • Lot Features: Corner Lot
  • Building Features: Floor Drain(s), Living Quarters, Restroom(s)-Private
  • Lease Amount Frequency: Monthly
  • Documents Available: As-Built, Floor Plan, Other - See Remarks, Property Disclosure, Soils Test
  • Heating: Floor Furnace, Natural Gas, See Remarks
  • Electric: Separate Meter-Elec
  • Flooring: Concrete, Vinyl
  • Construction Materials: Block, Metal Siding, Frame, Masonry, Metal, Sheetrock
  • Parking Features: On Site
  • Security Features: Security System
  • Disclosures: Property Disclosure
Description:

Positioned on 3.78 acres along one of the busiest stretches of the Parks Highway, this property offers exceptional visibility, multiple existing income streams, and significant upside potential. This high-exposure commercial property is already income-producing while leaving room for expansion and future development.The site features established retail space currently occupieda lucrative, high-security storage facility offering fenced, covered, and fully enclosed options year-round. Among the property's amenities is a flexible two-bedroom upper-level unit suitable for residential use or a continued lease. Currently operating as a yoga studio, the unit provides an additional established income stream.

Owner improvements include a new roof for both buildings this spring and a secondary property entrance from Museum Drive, which has already been approved by the borough, providing improved access and long-term development flexibility. With its incredible street presence and steady traffic flow directly on the Parks Highway, the property is ideally suited for continued retail, service, or storage use, while also offering opportunities to introduce additional income streams, such as a drive-up coffee kiosk, food service, or expanded commercial operations.

This is a rare opportunity to secure prime highway frontage with existing cash flow and room to grow in one of the fastest-growing and most visible commercial corridors in Wasilla.

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