423 W 5th Avenue, Anchorage AK 99501,Anchorage,AK,Commercial Sale

$ 1.5M
423 W 5th Avenue, Anchorage AK 99501,

Description

Over a 10% Cap rate once the vacant space is leased. Current Cap rate is just under 7% as is! This a phenomenal investment. In addition this is incredibly well maintained and the absolute best location in Downtown Anchorage where restaurants have very high sales volumes. Priced to sell.

Address: 423 W 5th Avenue, Anchorage AK 99501
City:
Zip: 99501
Country: US

Property Id: 23063
Price: $ 1.5M
Property Size: 10,929 ft2
Property Lot Size: 0 ft2
Zoning: B2A
CurrentUse: Single Use
ListingId: 26-2699
LotSizeArea: 9583.2
LotSizeSquareFeet: 9583.2
MlsStatus: Active
ParcelNumber: 0021050500001, 0021050600001
PhotosChangeTimestamp: May 15, 2026 at 05:58pm
PhotosCount: 7
Zoning: B2A
ZoningDescription: Central Business Core

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