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Spenard Center 1237 W 27th Ave 23,972 SF 100% Leased Retail Building Anchorage, AK 99503 $5,700,000 ($237.78/SF)

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EXECUTIVE SUMMARY

Landmark commercial property for sale in midtown Anchorage.  The Spenard Center consists of three retail buildings totaling approximately 45K SF situated on 3.2 acres of land zoned B3.  Included with the sale are two additional vacant land parcels zoned R-4, which could be held, sold, developed separately or included into a mixed-use redevelopment of the entire property.  
 
The buildings are fully occupied with long-term tenants including Play It Again Sports, Mama O’s, Jackie’s Place, Organic Oasis, Drift Salon and several others.  Situated between the Bear Tooth Theater Pub and A.M.H, just off Spenard and Northern Lights, the property offers tenants tremendous signage and visibility, excellent access and ample parking.

PROPERTY FACTS

Sale Type
Investment
Property Type
Retail
Building Size
23,972 SF
Building Class
B
Year Built
1969
Price
$5,700,000
Price Per SF
$237.78
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.36
Lot Size
1.52 AC
Zoning
B3 - Planned business district is intended to permit the development of neighborhoods.
Frontage
232’ on W 27th Ave

AMENITIES

  • Monument Signage
Walk Score®
Walker's Paradise (90)
Bike Score®
Very Bikeable (70)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Charles Schwab
Wells Fargo Home Mortgage
Starbucks
Carrs
KeyBank
Blimpie
Outback Steakhouse
Global Credit Union
Fit Body Boot Camp
Buffalo Wild Wings

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
00125496000
Land Assessment
$1,171,000
Improvements Assessment
$1,033,500
Total Assessment
$2,204,500
  • Listing ID: 34481136

  • Date on Market: 1/14/2025

  • Last Updated:

  • Address: 1237 W 27th Ave, Anchorage, AK 99503

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