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5320 W Parks Hwy 4,745 SF 70% Leased Retail Building Wasilla, AK 99623 $799,000 ($168.39/SF)
Investment Highlights
- 3.78 Acres of mixed use retail, warehouse & storage facility with covered, enclosed, and fenced storage.
- Move in ready with brand new roofs and a new septic. 2
- Property is unzoned and can be whatever you want it to be. Comes with active security system and upgraded gate access.
- Two seperate property access points, main highway exposure, and side road access on museum drive.
- Bedroom apartment above retail space.
Executive Summary
Positioned on 3.78 acres along one of the busiest stretches of the Parks Highway, this high-visibility commercial property combines established income with exceptional flexibility and room for growth. The property features a cleared, move-in-ready retail space with an adjoining warehouse, ideal for retail, service, distribution, or mixed commercial operations.
The freshly painted upper-level unit offers two bedrooms, one full bathroom, and washer-and-dryer hookups ready for an owner, employee housing, or additional rental income.
Included with the building and land is Max Rentals, an established, currently operating storage business offering secure, gated storage; covered storage with electrical access; and fully enclosed storage. Max Rentals has built a flourishing, loyal clientele, with many customers maintaining their spaces year-round, even when removing recreational vehicles and equipment for summer use, to ensure they retain a spot at this secure, customer-focused facility. The security gate was recently upgraded, further enhancing access and protection for customers and their property.
Additional improvements include a new septic system, new roofs on both buildings (in progress), and an approved secondary entrance from Museum Drive, enhancing accessibility and future development potential. With prominent highway frontage, steady traffic exposure, existing cash flow, and versatile spaces ready for immediate use, the property offers numerous possibilities, including expanded storage, retail, service-based businesses, a drive-up coffee/mix-use kiosk, food service, or additional commercial development.
This is a rare opportunity to acquire the real estate and an established income-producing business with multiple revenue streams and substantial upside in one of Wasilla's most visible and rapidly growing commercial corridors.
The freshly painted upper-level unit offers two bedrooms, one full bathroom, and washer-and-dryer hookups ready for an owner, employee housing, or additional rental income.
Included with the building and land is Max Rentals, an established, currently operating storage business offering secure, gated storage; covered storage with electrical access; and fully enclosed storage. Max Rentals has built a flourishing, loyal clientele, with many customers maintaining their spaces year-round, even when removing recreational vehicles and equipment for summer use, to ensure they retain a spot at this secure, customer-focused facility. The security gate was recently upgraded, further enhancing access and protection for customers and their property.
Additional improvements include a new septic system, new roofs on both buildings (in progress), and an approved secondary entrance from Museum Drive, enhancing accessibility and future development potential. With prominent highway frontage, steady traffic exposure, existing cash flow, and versatile spaces ready for immediate use, the property offers numerous possibilities, including expanded storage, retail, service-based businesses, a drive-up coffee/mix-use kiosk, food service, or additional commercial development.
This is a rare opportunity to acquire the real estate and an established income-producing business with multiple revenue streams and substantial upside in one of Wasilla's most visible and rapidly growing commercial corridors.
Property Facts
Sale Type
Investment or Owner User
Property Type
Building Size
4,745 SF
Year Built/Renovated
1972/2019
Price
$799,000
Price Per SF
$168.39
Percent Leased
70%
Tenancy
Multiple
Building Height
2 Stories
Zoning
NZ - Not Zoned-all MSB bu - NZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Amenities
- 24 Hour Access
- Fenced Lot
- Freeway Visibility
- Security System
- Signage
- Storage Space
- Smoke Detector
Not walkable
10/100
Exceptionally drivable
100/100
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5320 W Parks Hwy