4360 Spenard Road, Anchorage, AK
For Sale
Hotel
$5,800,000
Price
69,876 sqft
Building Size
1969
Year Built
Overview
Building Size
69,876 sqft
Year Built
1969
Zoning
General Business
Floors
3
Parking Spots
109
Gross Leaseable Area
69876
Description
REDEVELOPMENT OPPORTUNITY!! 60 unit Multifamily and 42 room hotel for sale in a package deal! The front building was built in 1984 as a drive-in hotel for commercial airlines pilots while the back building was built in 1969 as an apartment community for oil workers. This asset has great income year round. The front building suffered a fire in 2022 while the back building still operates as STRs.The main building suffered from a fire in 2022 and 17 of the 42 rooms were burn down. The remaining 25 rooms have smoke damage to be cleaned. This is a great opportunity for an investor to redevelop the 42 room hotel and continue operations of the apartment building as long term rentals.
Highlights
- Lot Features: City Lot
- Building Features: Elevator, Living Quarters, Restroom(s)-Private
- Lease Amount Frequency: Monthly
- Documents Available: Other - See Remarks
- Heating: Baseboard
- Flooring: Carpet
- Construction Materials: Unknown, Stucco, Wood Siding, Sheetrock
- Parking Features: On Site
- Accessibility Features: Restroom(s)-Handicap
- Security Features: Fire Sprinkler System
- Buyer Agency Compensation: 2.00
This listing was syndicated through:
Listing ID: 23-1839
Listing ID: 23-1839