Overview

Description

Excellent location, high visibility retail center for sale. This is an owner's listing for sale that offers a rare chance to own commercial property in a thriving opportunity zone. This property lies directly between Midtown's financial district and large residential neighborhoods, and is minutes away from the U-MED District, Ted Stevens International Airport, and downtown Anchorage. Constructionhas begun on a new $16 million, high-tech boutique hotel just 2 blocks from the property. To tap into Alaska's growing tourism, Aloft Hotels is scheduled to open in spring 2021.

Property is a mix of established businesses, including restaurants, retail and personal services that serve both residential and corporate clients. Current occupancy is 91.24%, with 12 tenants occupying 17 spaces. Tenants are a mix of both long term and new tenants. Vacancy is at 8.76%, with 2 units available. Recently updated in 2019, including freshly painted exterior, and revamped storefront and pyron signs. Exterior finish also consists of; stone veneer, glass, & new shingles on exterior frontage. Property also features well-lit and ample parking, pedestrian sidewalks, and convenient landscaping.

Owner is flexible, and open to working with a 1031 Exchange buyer.

Showing Instructions:
Appointment Only,Call Prop Contact,Don't Disturb Tenant

Highlights

• Lot Features: Corner Lot, City Lot
• Building Features: Floor Drain(s)
• Lease Amount Frequency: Monthly
• Heating: Forced Air
• Electric: Separate Meter-Elec
• Flooring: Carpet, Tile, Wood
• Construction Materials: Frame, See Remarks, Stucco, Wood Siding, Sheetrock
• Parking Features: On Site
• Security Features: Fire Sprinkler System
• Buyer Agency Compensation: 1.00
• Showing Instructions: Appointment Only,Call Prop Contact,Don't Disturb Tenant

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Listing ID: 20-15171

Location

Gallery