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8525 Jewel Lake rd
Anchorage, AK 99502
Land For Sale
·
1.02 AC
Investment Highlights
- Two adjacent R3-zoned lots
- Strong potential for long-term investment and rental income
- Convenient access to parks, trails, shopping, schools, and transportation
- Ideal for developers seeking a high-potential multifamily or condominium project in a desirable prime West Anchorage location neighborhood.
- Walking distance to Jewel Lake Park
Executive Summary
Outstanding Multifamily Development Opportunity in West Anchorage!
Discover the potential of this exceptional development site featuring two adjacent R3-zoned lots in desirable West Anchorage, just a short walk from Jewel Lake Park. Ideal for condominium or multifamily housing, the property offers a rare combination of location, flexibility, and investment incentives.
Situated within the Anchorage Transit Corridor, qualifying projects with eight or more rental units may be eligible for property tax abatement for up to 25 years, creating significant long-term value. Conceptual plans for a 24-unit multifamily development are available in the property documents, providing a head start for developers ready to bring their vision to life.
Enjoy convenient access to parks, trails, schools, shopping, and major transportation routes, making this an attractive opportunity in one of Anchorage's most sought-after residential areas.
Discover the potential of this exceptional development site featuring two adjacent R3-zoned lots in desirable West Anchorage, just a short walk from Jewel Lake Park. Ideal for condominium or multifamily housing, the property offers a rare combination of location, flexibility, and investment incentives.
Situated within the Anchorage Transit Corridor, qualifying projects with eight or more rental units may be eligible for property tax abatement for up to 25 years, creating significant long-term value. Conceptual plans for a 24-unit multifamily development are available in the property documents, providing a head start for developers ready to bring their vision to life.
Enjoy convenient access to parks, trails, schools, shopping, and major transportation routes, making this an attractive opportunity in one of Anchorage's most sought-after residential areas.
Property Facts
| Sale Type | Investment or Owner User | Property Subtype | Residential |
| Sale Condition | Build to Suit | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 1.02 AC |
| Property Type | Land | ||
| Zoning | R3 - Multiple Family Residential | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Build to Suit |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | |
| Total Lot Size | 1.02 AC |
| Zoning | R3 - Multiple Family Residential |
1 Lot Available
Lot
| Price | $488,600 | Lot Size | 1.02 AC |
| Price Per AC | $479,107.91 |
| Price | $488,600 |
| Price Per AC | $479,107.91 |
| Lot Size | 1.02 AC |
Residential Vacant Land - East side of Jewel Lake Road. Two adjacent R3 lots in desirable West Anchorage, just a short walk from Jewel Lake Park. Legal: K & N TR 2 & 3
Description
Two adjacent R3 lots in desirable West Anchorage, just a short walk from Jewel Lake Park.
Property Taxes
| Parcel Number | 01227295000 | Improvements Assessment | $0 |
| Land Assessment | $98,300 | Total Assessment | $98,300 |
Property Taxes
Parcel Number
01227295000
Land Assessment
$98,300
Improvements Assessment
$0
Total Assessment
$98,300
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