$1,525,000
Anchorage, AK 99501
MLS# 26-2699
10929 sqft
1 / 7
Property Description
Over a 10% Cap rate once the vacant space is leased. Current Cap rate is just under 7% as is! This a phenomenal investment. In addition this is incredibly well maintained and the absolute best location in Downtown Anchorage where restaurants have very high sales volumes. Priced to sell.
Details
Maps
Documents
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Leased
% of Space Leased: 69
Acres: 0.22
SF-Lot: 9750
Lot Area Source: Owner
Zoning: B2A - Central Business Core
Type of Property: Single Use
SF-Res: 10929
Contract Info
Foreclosure/Bank Own: No
Price-List: 1525000
Date-Listing: 2026-03-20
Status: Active
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): SW1230
Tax Map #-Mat-Su: N/A
Legal: L9 & 10 B43 W25'
Directions and Remarks
Directions: Across from 5th avenue mall. Ginger and space to the lookers right, used to be TJs Shirts.
Building Info
Building Name: Ginger / Vacant (Previous TJs Shirts)
Location Tax and Legal
Area: 5 - Downtown Anchorage
Street #: 423
Directional: W
Street Name: 5th
Arterial: Avenue
Street Addl Info: & 425
Closest USPS Town: Anchorage
State: AK
Zip Code: 99501
Property Features
423-425 W 5th Marketing Package 
IDX
Listing Office: Jack White Commercial
Last Updated: May - 15 - 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.