$1,245,000
637 W 3rd Avenue
Anchorage, AK 99501
MLS# 26-7331
2425 sqft


Exterior
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Exterior Exterior Exterior Exterior Exterior Flower Bed Exterior Entry Entry Entry Entry Coffee/Snack Cubby Downstairs Bathroom Downstairs Bathroom View of Inlet Office Downstairs Stairwell down to basement Stairwell down to basement One bedroom & kitchen downstairs Heating System Single Car Garage Exterior West Side View from Back yard Back yard Back yard Back yard Back yard Back yard Back yard Back yard Flower Bed

Property Description
Located in downtown Anchorage overlooking Cook Inlet, this distinctive property offers exceptional flexibility for all buyers. Currently operating as a professional law office, this property enjoys convenient access to restaurants, hotels, shopping, the Tony Knowles Coastal Trail, and the Port of Anchorage.

Details
Maps
Contract Info
Price-List: 1245000
Date-Listing: 2026-06-18
Status: Active
EM Minimum Deposit: 12000
Foreclosure/Bank Own: No
Property Info
Type of Property: Mixed Use
Building Type: Class C
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Owner Occupied
Acres: 0.12
SF-Lot: 5122
Lot Area Source: Tax Authority
SF-Res: 2425
Floors: 3
Zoning: B2C - Central Business Periphery
Year Built: 1935
Directions and Remarks
Directions: on 3rd Avenue between F & G streets.
Building Info
Parking Space-Ttl #: 2
Location Tax and Legal
Area: 5 - Downtown Anchorage
Street #: 637
Directional: W
Street Name: 3rd
Arterial: Avenue
Closest USPS Town: Anchorage
State: AK
Zip Code: 99501
Property Features
Primary Space: Office
Flooring: Carpet
Walls: Sheetrock; Other - See Remarks
Sewer: Public Sewer
Water Source: Public
Features-Commercial: DSL/Cable Available; Fencing; In City Limits; Living Quarters; On-Site Parking; Stand Alone Unit
Access: Dedicated Road; Maintained; Paved
View Type: Inlet
Documents: Floor Plan
Supplements
The property's highest and best use may be as a six-room boutique short-term rental (Airbnb or executive lodging). Its downtown location, scenic inlet views, and proximity to Anchorage's business district and visitor attractions make it well-positioned to attract both business travelers and tourists. A thoughtfully designed conversion could create a unique hospitality property offering: " Six private guest rooms " Shared gathering and dining areas " Premium nightly rental rates " Multiple income streams from year-round tourism, business travel, cruise passengers, and seasonal visitors With Anchorage's limited inventory of distinctive boutique accommodations, this property presents an opportunity to capitalize on the growing demand for high-quality short-term lodging while preserving the flexibility for office or residential use. Whether maintained as professional office space or repositioned as a boutique hospitality investment, this property represents a great opportunity to own a highly adaptable property in one of Anchorage's most desirable downtown locations.

IDX
Listing Office: Real Broker Alaska

Last Updated: October - 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.