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4360 Spenard Road

Anchorage, AK 99517
  • $5,800,000
  • STATUS: Active
  • ON SITE: 420 Days
  • MLS #: 23-1839
UPDATED: 55 min ago
$5,800,000
  • 0
    BEDS
  • 1
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 69,876
    SQFT
  • $83
    $/SQFT
Neighborhood:
Type:
Commercial
Built:
1969
Area:

School Ratings & Info

Description

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.

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Alaska MLS logo DISCLAIMER: 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 Team Dimmick | Keller Williams Realty Alaska Group are marked with either the listing brokerage's logo or 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. Listing information was last updated on: 2024-04-25T03:37:01.1.

www.teamdimmick.com/homes/137369482
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4360 Spenard Road Anchorage, AK 99517

  • Price: $5,800,000
  • Status: Active
  • On Site: 420 Days
  • Updated: 55 min ago
  • MLS #: 23-1839
0
Beds
0
Baths
0
½ Baths
1
Acres
69,876
SQFT
$83
$/SQFT
1969
Built
Neighborhood:
Spenard
Area:
Spenard
Property Description
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.
Exterior Features

Construction Materials Unknown Parking Total 109 Roof ShingleRolled/Hot Mop View City LightsLakeMountains

Interior Features

Flooring Unknown - BTVCarpet Heating BaseboardNatural GasUnknown Heating YN Yes

Property Features

Listing Terms CashConventionalOther - See Remarks MLSArea Major 1A - Anchorage Municipality New Construction YN No Property Sub Type Mixed Use Tax Legal Description Green Valley #1 TR C Water Source Public Zoning B3 - General Business

Alaska MLS logo Listing Office Jack White Real Estate: 907-562-6464. Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved.
Alaska MLS logo DISCLAIMER: 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 Team Dimmick | Keller Williams Realty Alaska Group are marked with either the listing brokerage's logo or 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. Listing information was last updated on: 2024-04-25T03:37:01.1.

 
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Team Dimmick | Keller Williams Realty Alaska Group
101 W. Benson Blvd Ste 503
Anchorage AK, 99503