428 W 4th Avenue,Anchorage, AK 99501
Anchorage, AK 99501
Description
Situated in the vibrant heart of downtown Anchorage's tourist and transit corridor, 428 W. 4th Avenue presents a unique opportunity for retailers, galleries, or office users seeking visibility and a massive amount of foot traffic. This substantial, block-constructed building currently houses the Alaska Fur Gallery and offers flexible multi-level space suitable for a variety of uses. Key Features: "Size: ~17,100 SF across three levels "Location: Just 50 feet east of the 4th & E Street intersectionunmatched exposure in a high-traffic area "Structure: Sturdy block construction with poured concrete slab foundation "Levels: "Ground floor: Retail "Second floor: Retail "Third floor: Office "Full-size basement "Elevator shaft in place for easy retrofitting Building Upgrades: "Roof: 5,700 SF re-roofed with fully adhered EPDM membrane (2016, Center Marc Corporation) "Heating: $300,000 upgraded heating system (installed by True North Mechanical, 2024) "Windows: New caulking for improved efficiency "Fire & Safety: "Dedicated function fire alarm and sprinkler panel (Taylor Fire Protection Services, 2025) "Fire sprinkler upgrades (Cineplex Grenell, 2004) "Boiler: Recently replaced, no structural changes required "Electrical: "Full electrical retrofit (Raven Electric, 2003) "Service panel relocation & upgrade (MPC Energy Services, 2019) "Additional: Elevator shaft ready for install, flexible multi-use spaces, excellent storage in basement Location Advantages: "Surrounded by primary tourist destinations, dining, hotels, and transportation options "Unparalleled signage and frontage on one of Anchorage's busiest pedestrian corridors "Ideal for retail, gallery, restaurant, or creative office users looking for premium downtown real estate
Details
| MLS # | 25-9615 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 393 |
| Listing Provided By | Brandy Pennington Anchorage Real Estate | Brandy B Pennington |
Features
| SQ Feet | 16,856 |
|---|---|
| Zoning | B2A - Central Business Core |
| Acreage | 0.15 |
Taxes
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | Original L4 B43 |
Area Information
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99501 |
| Area | 1A Anchorage Municipality |
| Subarea | Downtown Anchorage |
| Listing VS Median (in 99501) | |
Price: $1,500,000 low | high Med: $200,000 sqft: 16,856 low | high Med: 866 $ / sqft: $89 low | high Med: $231 On site: 393 low | high Med: 77 | |
Request a showing
Request a showing
Contact
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: $1,500,000 low | high Med: $200,000 sqft: 16,856 low | high Med: 866 $ / sqft: $89 low | high Med: $231 On site: 393 low | high Med: 77 | |
 | $3,900,000315 E StreetAnchorage, AK 99501 |