Vacant Land Type: Commercial; Residential

Listing Terms Financing: Cash; Conventional

Land Features: In City Limits; Multi-Family Ok; Parkside; Trailside; Trees - Sparse

Topography: Level

View Type: Mountains; River

Wtrfrnt-Access Near: Creek

Wtrfrnt-Frontage: None

Utilities: Elec - Adj to Site; Elec - On Site; Nat Gas - Adj Site; Sewer - Adj Site; Telephone - Adj Site; Telephone - On Site

Access: Dedicated Road; Paved

Road Maintenance: Road Mntd All Year

Documents: Soils Test; Survey; Other - See Remarks

Prime 6.25-Acre Development Opportunity in Anchorage! Major changes have been made recently in Anchorage code to significantly reduce the red tape to develop and promote building housing in Anchorage! This lot lies in the Transportation Corridor which permits property tax abatement on building improvements for up to 28 years!!!! Coupled with the suspension of design standard and you have massive potential to build one of Anchorages greatest real estate developments in decades. Unlock the potential of a 6.25-acre urban haven at the northeast corner of Dimond Boulevard and Arlene Street. Nestled at the gateway to Emerald Hills, this property offers breathtaking vistas, unparalleled exposure, and limitless possibilities for residential, commercial, or mixed-use development. Unmatched Views & Prime Location: Overlooking Emerald Hills Park, Campbell Creek, and Moose's Loop Trail with unobstructed views of the majestic Chugach Mountains. Walkable Convenience: Just steps from Fred Meyer, Dimond High School, Chinook Elementary, and Campbell Lake. Zoning Flexibility for Your Vision: R3A zoning allows: Over 200 residential units can be built on site. Up to 33% of the gross floor area for commercial use. Flexible configurations: Integrate commercial and residential spaces within the same building or as standalone structures. Unparalleled Exposure: 465 feet of frontage on Dimond Blvd for commercial development. Traffic volumes averaging 18,000-22,000 vehicles daily. Development-Ready: Soil tests complete. Flexible building codes permit structures up to 40 feet tall for mixed-use projects, high density residential, and alternative parking options. This rare combination of strategic location, zoning flexibility, and stunning views makes Emerald Hills Lot 6 the ultimate blank canvas for a visionary developer.