$649,000
Wasilla, AK 99654
MLS# 26-10513
3446 sqft

1 / 99
Property Description
Extremely unique opportunity combining Parks Highway frontage, commercial potential, existing residential income, shop space, and future development possibilities all on one property.
Details
Maps
Contract Info
EM Minimum Deposit: 6000
Foreclosure/Bank Own: No
Price-List: 649000
Date-Listing: 2026-08-17
Status: Active
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Leased
% of Space Leased: 33
Acres: 0.94
SF-Lot: 40946.4
Lot Area Source: Tax Authority
Zoning: C - Commercial (re: Cities Wasilla/Houston)
Floors: 2
Type of Property: Mixed Use
SF-Res: 3446
Year Built: 1977
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1D - Matanuska Susitna Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: WA12
Legal: Wasilla Airport Heights Block 2 Lot 39
Taxes (Estimated): 3530.83
Tax Year: 2026
Directions and Remarks
Directions: Parks to Lucas, right on Nelson, right on Airway. Parks frontage is at the end of commercial drive.
To Show
ShowingTime: 1
Primary Space
Hospitality: 1
Land: 1
Exterior Finish
Metal: 1
Wood: 1
Heating
Natural Gas: 1
Roof Type
Bitumen/Torch Down: 1
Metal: 1
Rubber: 1
Construction Type
Wood Frame: 1
View Type
Mountains: 1
Foundation
Slab: 1
Flooring
Carpet: 1
Luxury Vinyl: 1
Vinyl: 1
Walls
Sheetrock: 1
Access
Maintained: 1
Paved: 1
Sewer
Crib: 1
Septic Tank: 1
Water Source
Well: 1
Features-Commercial
In City Limits: 1
Living Quarters: 1
Separate Meter-Elec: 1
Separate Meter-Gas: 1
Stand Alone Unit: 1
Other - See Remarks: 1
Location Tax and Legal
Area: WA - Wasilla
Street #: 1060
Directional: W
Street Name: Airway
Arterial: Circle
Closest USPS Town: Wasilla
State: AK
Zip Code: 99654
Property Features
Primary Space: Hospitality; Land
Heating: Natural Gas
Exterior Finish: Metal; Wood
Construction Type: Wood Frame
Foundation: Slab
Roof Type: Bitumen/Torch Down; Metal; Rubber
Flooring: Carpet; Luxury Vinyl; Vinyl
Walls: Sheetrock
Sewer: Crib; Septic Tank
Water Source: Well
Features-Commercial: In City Limits; Living Quarters; Separate Meter-Elec; Separate Meter-Gas; Stand Alone Unit; Other - See Remarks
Access: Maintained; Paved
View Type: Mountains
To Show: ShowingTime
Supplements
Located within an established neighborhood, this parcel has been specifically amended through the CCRs to allow commercial use along the lower Parks Highway frontage, as well as subdivision potential contingent upon required utility hookups. City water and sewer are currently located at the adjacent property, creating an exciting opportunity for a buyer looking to further develop the site.
The lower portion of the property offers excellent Parks Highway exposure and visibility with a variety of potential commercial applications. Utilize the existing improvements while exploring development of the highway frontage, subdivision, or a combination of residential and commercial uses.
The upper portion of the property is already improved and provides immediate income-producing potential. Improvements include a top/bottom duplex, a separate 1-bedroom/1-bath apartment above a two-car garage, and a detached high-bay garage/shop.
The upper duplex unit offers 2 bedrooms and 1.5 bathrooms and received new flooring, appliances, and paint touch-ups in 2026. The lower unit offers 1 bedroom, 1 bathroom, an additional office, walkout patio, and gas fireplace. This unit underwent an extensive remodel in 2026, including new plumbing, electrical, sheetrock, flooring, appliances, and paint.
The separate 1-bedroom/1-bath apartment is located above a two-car garage and is currently rented month-to-month. The detached high-bay shop provides additional space for storage, equipment, business use, or potential rental income, subject to applicable requirements.
This is a well-cared-for property that offers something difficult to replicate: existing residential improvements and income potential today, substantial garage/shop space, Parks Highway exposure, CCR allowances for commercial use of the lower portion, and the potential for future subdivision and development. An exceptional opportunity for an investor, developer, business owner, or buyer looking for a property with multiple potential revenue streams and long-term upside.
IDX
Listing Office: Signature Real Estate Alaska
Last Updated: August - 18 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.