$672,000
Anchorage, AK 99501
MLS# 26-3371
2140 sqft
1 / 3
Property Description
Downtown Anchorage Opportunity | Prime Location + Expansion Potential Positioned in the heart of downtown Anchorage, this well-located commercial building offers a unique opportunity to acquire a versatile property with exceptional visibility, views, and upside potential. This three-level building features two full kitchens--one on the main floor and another on the lower level
Details
Maps
Documents
Contract Info
EM Minimum Deposit: 6500
Foreclosure/Bank Own: No
Price-List: 672000
Date-Listing: 2026-04-04
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: Original L20 B16 E48'
Taxes (Estimated): 9000
Tax Year: 2025
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Type: Class C
Building Status: Vacant
% of Space Leased: 0
Acres: 0.12
SF-Lot: 5262
Lot Area Source: Tax Authority
Zoning: B2C - Central Business Periphery
Floors: 3
Type of Property: Mixed Use
SF-Res: 2140
Year Built: 1960
Directions and Remarks
Directions: Downtown Anchorage on the N side of 3rd Avenue
Listing Terms Financing
Cash: 1
Conventional: 1
Primary Space
Hospitality: 1
Office/Retail: 1
Retail: 1
Secondary Space
Office/Retail: 1
Retail: 1
Exterior Finish
Wood: 1
Heating
Baseboard: 1
Roof Type
Asphalt: 1
Composition: 1
Shingle: 1
Construction Type
Wood Frame: 1
View Type
Inlet: 1
Mountains: 1
Foundation
Unknown - BTV: 1
Flooring
Other: 1
Walls
Sheetrock: 1
Access
Dedicated Road: 1
Maintained: 1
Paved: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Features-Commercial
DSL/Cable Available: 1
In City Limits: 1
Master Meter - Gas: 1
On-Site Parking: 1
Restroom(s)-Private: 1
Stand Alone Unit: 1
Location Tax and Legal
Area: 5 - Downtown Anchorage
Street #: 627
Directional: W
Street Name: 3rd
Arterial: Avenue
Closest USPS Town: Anchorage
State: AK
Zip Code: 99501
Property Features
Primary Space: Hospitality; Office/Retail; Retail
Secondary Space: Office/Retail; Retail
Heating: Baseboard
Exterior Finish: Wood
Construction Type: Wood Frame
Foundation: Unknown - BTV
Roof Type: Asphalt; Composition; Shingle
Flooring: Other
Walls: Sheetrock
Sewer: Public Sewer
Water Source: Public
Features-Commercial: DSL/Cable Available; In City Limits; Master Meter - Gas; On-Site Parking; Restroom(s)-Private; Stand Alone Unit
Access: Dedicated Road; Maintained; Paved
View Type: Inlet; Mountains
Listing Terms Financing: Cash; Conventional
Supplements
making it ideal for restaurants, hospitality, event spaces, or multi-tenant use. The flexible layout allows for a variety of business concepts or a live/work conversion with income-producing potential.
Enjoy stunning views of Cook Inlet, creating a unique and memorable setting for customers, guests, or tenants. The property also includes a rear deck area with room for expansion, offering the ability to enhance outdoor seating, entertainment space, or future development (subject to approvals).
As-Built 
IDX
Listing Office: Real Broker Alaska
Last Updated: April - 06 - 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.