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Spenard Center 1237 W 27th Ave 23,972 sq ft 100% Let Retail Property Anchorage, AK 99503 £4,259,610 (£177.69/sq ft)



EXECUTIVE SUMMARY
Landmark commercial property for sale in midtown Anchorage. The Spenard Center consists of three retail buildings totaling approximately 45K SF situated on 3.2 acres of land zoned B3. Included with the sale are two additional vacant land parcels zoned R-4, which could be held, sold, developed separately or included into a mixed-use redevelopment of the entire property.
The buildings are fully occupied with long-term tenants including Play It Again Sports, Mama O’s, Jackie’s Place, Organic Oasis, Drift Salon and several others. Situated between the Bear Tooth Theater Pub and A.M.H, just off Spenard and Northern Lights, the property offers tenants tremendous signage and visibility, excellent access and ample parking.
The buildings are fully occupied with long-term tenants including Play It Again Sports, Mama O’s, Jackie’s Place, Organic Oasis, Drift Salon and several others. Situated between the Bear Tooth Theater Pub and A.M.H, just off Spenard and Northern Lights, the property offers tenants tremendous signage and visibility, excellent access and ample parking.
PROPERTY FACTS
Sale Type
Investment
Property Type
Retail
Property Size
23,972 sq ft
Costar Property Class
B
Year Built
1969
Price
£4,259,610
Price per sq ft
£177.69
Occupancy Rate
100%
Tenancy
Multiple
Number of Floors
1
Plot ratio
0.36
Total Plot Size
1.52 ac
Use Class
B3 - Planned business district is intended to permit the development of neighborhoods.
Frontage
232 ft on W 27th Ave
AMENITIES
- Monument Signage
Walk Score®
Excellent pedestrian access (90)
Bike Score®
Good for cycling (70)
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 00125496000 | Improvements Assessment | £774,389 |
| Land Assessment | £877,416 | Total Assessment | £1,651,806 |
PROPERTY TAXES
Parcel Number
00125496000
Land Assessment
£877,416
Improvements Assessment
£774,389
Total Assessment
£1,651,806
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Spenard Center | 1237 W 27th Ave
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