4360 Spenard RD Active Save Request In-Person Tour Request Virtual Tour
Anchorage,AK 99517
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 69,876 sqft
Price per Sqft $83
MLS Listing ID 23-1839
Year Built 1969
Lot Size 1.797 Acres
Property 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.
Location
State AK
Area 10 - Spenard
Zoning B3 - General Business
Interior
Flooring Unknown - BTV,Carpet
Exterior
View City Lights,Lake,Mountains
Roof Type Shingle,Rolled/Hot Mop
Building
Water Public
New Construction No