$5,375,000
Anchorage, AK 99503
MLS# 25-144
44684 sqft
1 / 13
Property Description
Rare opportunity to acquire a 100% leased, 16-tenant multi-tenant retail center at the high-traffic corner of Arctic Blvd and W. International Airport Rd. 44,684 SF on 2.07 acres, anchored by Lucky Market and Heidi's Restaurant. Strong income growth, 3-year average NOI cap rate of 6.18% (2025 actual cap rate 8.40%). Financials available with signed NDA. Please do not disturb tenants.
Details
Maps
Documents
Contract Info
Price-List: 5375000
Date-Listing: 2025-01-06
Status: Active
EM Minimum Deposit: 50000
Foreclosure/Bank Own: No
Property Info
Type of Property: Mixed Use
Building Type: Class B
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Leased
% of Space Leased: 100
Acres: 2.07
SF-Lot: 90000
Lot Area Source: Other
SF-Res: 44684
Floors: 1
Zoning: I1 - Light Industrial
Year Built: 1980
Directions and Remarks
Directions: Property is located on the corner of Arctic and International.
Location Tax and Legal
Area: 10 - Spenard
Street #: 5121
Street Name: Arctic
Arterial: Boulevard
Closest USPS Town: Anchorage
State: AK
Zip Code: 99503
Property Features
Primary Space: Retail
As-Built Survey 
IDX
Listing Office: GTK Real Estate
Last Updated: July - 22 - 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.