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627 W 3rd Avenue

$672,000

627 W 3rd Avenue, Anchorage, AK 99501

Active
Last Updated: 04/06/2026

2,140 sqft

Building Size

1960

Year Built

Details:
Building Size:    2,140 sqft
Year Built:    1960
Zoning:    Central Business Periphery
Floors:    3
Gross Leaseable Area:    2,140
Highlights:
  • Lot Features: City Lot
  • Building Features: Restroom(s)-Private, Stand Alone Unit
  • Lease Amount Frequency: Monthly
  • Heating: Baseboard
  • Flooring: Other
  • Construction Materials: Frame, Wood Siding, Sheetrock
  • Parking Features: On Site
Description:

Downtown Anchorage Opportunity | Prime Location + Expansion PotentialPositioned in the heart of downtown Anchorage, this well-located commercial building offers a unique opportunity to acquire a versatile property with exceptional visibility, views, and upside potential.This three-level building features two full kitchens--one on the main floor and another on the lower levelmaking it ideal for restaurants, hospitality, event spaces, or multi-tenant use. The flexible layout allows for a variety of business concepts or a live/work conversion with income-producing potential.
Enjoy stunning views of Cook Inlet, creating a unique and memorable setting for customers, guests, or tenants. The property also includes a rear deck area with room for expansion, offering the ability to enhance outdoor seating, entertainment space, or future development (subject to approvals).

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