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4360 Spenard Road

$5,800,000

4360 Spenard Road, Anchorage, AK 99517

Active
Last Updated: 10/19/2024

69,876 sqft

Building Size

1969

Year Built

Details:
Building Size:    69,876 sqft
Year Built:    1969
Zoning:    General Business
Floors:    3
Parking Spots:    109
Gross Leaseable Area:    69,876
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
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.

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