AK > Anchorage
Anchorage, AK 99517,4360 Spenard RD
Anchorage, AK 99517,4360 Spenard RD
Anchorage, AK 99517,4360 Spenard RD
Anchorage, AK 99517,4360 Spenard RD
Anchorage, AK 99517,4360 Spenard RD
Anchorage, AK 99517,4360 Spenard RD
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Rodger Cinkota

Rodger Cinkota

+1(907) 315-1974
$ 5,800,000
Est. payment | /mo

69,876 SqFt

Save
$ 5,800,000
Est. payment | /mo
Save

69,876 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 69,876 sqft

Price per Sqft $83

MLS Listing ID 23-1839

Construction Status Existing Structure

Originating Board Alaska Multiple Listing Service

Year Built 1969

Lot Size 1.797 Acres

Acres 1.0

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.

Location

State AK

Area 10 - Spenard

Zoning B3 - General Business

Direction East on Spenard from Minnesota. To your right.

Interior

Flooring Unknown - BTV, Carpet

Exterior

Water Access Desc Public

View City Lights, Lake, Mountains

Roof Type Shingle,Rolled/Hot Mop

Accessibility , Paved, Maintained

Total Parking Spaces 109

Building

Lot Size Range 1.0

Water Public

New Construction No

Construction Status Existing Structure

Others

Tax ID 0101932200001

Alaska MLS
Copyright 2024 Alaska Multiple Listing Service, Inc. All rights reserved
Listed by Jack White Real Estate
agent-avatar

+1(907) 315-1974

cinkota@allsolutionsrealestate.com

4300 B Street, Suite 106A, Anchorage, AK, 99503, United States

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4360 Spenard RD