Spenard Center 1237 W 27th Ave 23,972 SF 100% Leased Retail Building Anchorage, AK 99503 $5,700,000 ($237.78/SF)
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.
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
1.10
Lot Size
0.50 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®
Very Walkable (89)
Bike Score®
Very Bikeable (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00125496000 | Improvements Assessment | $749,400 |
| Land Assessment | $1,171,000 | Total Assessment | $1,920,400 |
