$850,000
5320 W Parks Highway
Wasilla, AK 99623
MLS# 26-1541
4745 sqft


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Property Description
Positioned on 3.78 acres along one of the busiest stretches of the Parks Highway, this property offers exceptional visibility, multiple existing income streams, and significant upside potential. This high-exposure commercial property is already income-producing while leaving room for expansion and future development. The site features established retail space currently occupied

Details
Maps
Documents
Contract Info
EM Minimum Deposit: 10000
Foreclosure/Bank Own: No
Price-List: 850000
Date-Listing: 2026-02-19
Status: Active
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: HO09
Legal: T17NR02WS11 A013
Taxes (Estimated): 3236.66
Tax Year: 2024
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Owner Occupied
Acres: 3.78
SF-Lot: 164656.8
Lot Area Source: Tax Authority
Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Floors: 2
Type of Property: Mixed Use
SF-Res: 4745
Year Built: 1972
Directions and Remarks
Directions: Mile 47 Parks Hwy, near the corner of Museum Dr.
To Show
ShowingTime: 1
Listing Terms Financing
Cash: 1
Conventional: 1
Owner Finance: 1
See Remarks: 1
Primary Space
Land: 1
Office: 1
Office/Retail: 1
Office/Warehouse: 1
Retail: 1
Secondary Space
Office/Retail: 1
Office/Warehouse: 1
Retail: 1
Warehouse/Shop: 1
Exterior Finish
Masonry: 1
Metal: 1
Heating
Floor Furnace: 1
Natural Gas: 1
See Remarks: 1
Roof Type
Membrane: 1
Metal: 1
Shingle: 1
Construction Type
Block: 1
Metal Siding: 1
Wood Frame: 1
View Type
Mountains: 1
Foundation
Slab: 1
Flooring
Concrete: 1
Vinyl: 1
Walls
Block: 1
Metal: 1
Sheetrock: 1
Access
Paved: 1
Sewer
Septic Tank: 1
Water Source
Well: 1
Features-Commercial
Corner Lot: 1
Fencing: 1
Floor Drain(s): 1
HW Heater - Gas: 1
Living Quarters: 1
On-Site Parking: 1
Overhead Door(s): 1
Restroom(s)-Private: 1
Security System: 1
Separate Meter-Elec: 1
Documents
As-Built: 1
Floor Plan: 1
Property Disclosure: 1
Soils Test: 1
Other - See Remarks: 1
Location Tax and Legal
Area: WA - Wasilla
Street #: 5320
Directional: W
Street Name: Parks
Arterial: Highway
Closest USPS Town: Wasilla
State: AK
Zip Code: 99623
Property Features
Primary Space: Land; Office; Office/Retail; Office/Warehouse; Retail
Secondary Space: Office/Retail; Office/Warehouse; Retail; Warehouse/Shop
Heating: Floor Furnace; Natural Gas; See Remarks
Exterior Finish: Masonry; Metal
Construction Type: Block; Metal Siding; Wood Frame
Foundation: Slab
Roof Type: Membrane; Metal; Shingle
Flooring: Concrete; Vinyl
Walls: Block; Metal; Sheetrock
Sewer: Septic Tank
Water Source: Well
Features-Commercial: Corner Lot; Fencing; Floor Drain(s); HW Heater - Gas; Living Quarters; On-Site Parking; Overhead Door(s); Restroom(s)-Private; Security System; Separate Meter-Elec
Access: Paved
View Type: Mountains
To Show: ShowingTime
Listing Terms Financing: Cash; Conventional; Owner Finance; See Remarks
Documents: As-Built; Floor Plan; Property Disclosure; Soils Test; Other - See Remarks
Supplements
a lucrative, high-security storage facility offering fenced, covered, and fully enclosed options year-round. Among the property's amenities is a flexible two-bedroom upper-level unit suitable for residential use or a continued lease. Currently operating as a yoga studio, the unit provides an additional established income stream. Owner improvements include a new roof for both buildings this spring and a secondary property entrance from Museum Drive, which has already been approved by the borough, providing improved access and long-term development flexibility. With its incredible street presence and steady traffic flow directly on the Parks Highway, the property is ideally suited for continued retail, service, or storage use, while also offering opportunities to introduce additional income streams, such as a drive-up coffee kiosk, food service, or expanded commercial operations. This is a rare opportunity to secure prime highway frontage with existing cash flow and room to grow in one of the fastest-growing and most visible commercial corridors in Wasilla.

IDX
Listing Office: Keller Williams Realty Alaska Group of Wasilla

Last Updated: March - 19 - 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.