$1,525,000
( $139.54Per Sq Foot )
$8,187 est/mo Sourced by Back At You423 W 5th Avenue,Anchorage, AK 99501
Anchorage, AK 99501
Description
Over a 10% Cap rate once the vacant space is leased. Current Cap rate is just under 7% as is! This a phenomenal investment. In addition this is incredibly well maintained and the absolute best location in Downtown Anchorage where restaurants have very high sales volumes. Priced to sell.
Details
| MLS # | 26-2699 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 161 |
| Listing Provided By | Jack White Commercial | Andrew Ingram |
Features
| SQ Feet | 10,929 |
|---|---|
| Zoning | B2A - Central Business Core |
| Acreage | 0.22 |
Taxes
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | L9 & 10 B43 W25' |
Area Information
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99501 |
| Area | 1A Anchorage Municipality |
| Subarea | Downtown Anchorage |
| Listing VS Median (in 99501) | |
Price: $1,525,000 low | high Med: $196,000 sqft: 10,929 low | high Med: 670 $ / sqft: $140 low | high Med: $318 On site: 161 low | high Med: 61 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99501 |
| Area | 1A Anchorage Municipality |
| Subarea | Downtown Anchorage |
| Listing VS Median (in 99501) | |
Price: $1,525,000 low | high Med: $196,000 sqft: 10,929 low | high Med: 670 $ / sqft: $140 low | high Med: $318 On site: 161 low | high Med: 61 | |
Nearby Listings (Within 1/4 mile)
Price: $1.143M - $1.96M
sqft: 8,000 - 13,500
Listing Updated: June 9, 2026 at 11:44:15 AM PDT