Active
4360 Spenard Road
Anchorage AK, 99517
$5,800,000
$83.00 per sqft
Active
69,876 sqft
Multi-family
Built in 1969
Listed by Matthew Vincent with Jack White Real Estate
REDEVELOPMENT OPPORTUNITY!!60 unit Multifamily and 42 room hotel for sale in a package deal! The front building was built in 1984 as a drive-in hotel for commercial airlines pilots while the back building was built in 1969 as an apartment community for oil workers.This asset has great income year round. The front building suffered a fire in 2022 while the back building still operates as STRs.The main building suffered from a fire in 2022 and 17 of the 42 rooms were burn down. The remaining 25 rooms have smoke damage to be cleaned. This is a great opportunity for an investor to redevelop the 42 room hotel and continue operations of the apartment building as long term rentals.
23-1834
MLSⓇ ID
March 1, 2023
Listed
August 26, 2024
Updated
Map
4360 Spenard Road
Anchorage AK, 99517
Interior Features
Floor Description
Carpet, Laminate, Luxury Vinyl
Fireplace
No
Cooling
No
Heating
Yes
Heating Description
Baseboard
Exterior/Building Features
Lot Size
1.8 Acres
Roof
Rolled/Hot Mop, Shingle
Sewer
Public Sewer
School Information
High School
West Anchorage
Elementary School
Lake Hood
Other Property Details
Area Name
1A - Anchorage Municipality
Garage
No
Parking
No Carport, No Garage
View
Yes
View Description
City Lights, Lake
Water Source
Public
Pool
No
Zoning
B3
Listing History
Date | Event | Price |
|---|---|---|
3/30/2024 | Price change | $5,800,000 -7% |
8/11/2023 | Price change | $6,200,000 -9% |
Listing Contact:
The IDX display contains information sourced from the Alaska Multiple Listing Service, Inc. (AK MLS) as of 8/26/2024. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.
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Data last updated on 8/26/2024 at 9:15 AM UTC
