$ 5,800,000
4360 Spenard RD Anchorage, AK 99517
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Additional details
Additional details
$ 5,800,000
Est. payment | /mo
69,876 SqFt
$ 5,800,000
Est. payment | /mo
69,876 SqFt
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
Construction Status Existing Structure
Originating Board Alaska Multiple Listing Service
Year Built 1969
Lot Size 1.797 Acres
Acres 1.0
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
Direction East on Spenard from Minnesota. To your right.
Interior
Flooring Unknown - BTV, Carpet
Exterior
Water Access Desc Public
View City Lights, Lake, Mountains
Roof Type Shingle,Rolled/Hot Mop
Accessibility , Paved, Maintained
Total Parking Spaces 109
Building
Lot Size Range 1.0
Water Public
New Construction No
Construction Status Existing Structure
Others
Tax ID 0101932200001
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Listed by Jack White Real Estate