428 W 4th Avenue

Overview

Situated in the vibrant heart of downtown Anchorage's tourist and transit corridor, 428 W. 4th Avenue presents a unique opportunity for retailers, galleries, or office users seeking visibility and a massive amount of foot traffic. This substantial, block-constructed building currently houses the Alaska Fur Gallery and offers flexible multi-level space suitable for a variety of uses. Key Features: " Size: ~17,100 SF across three levels " Location: Just 50 feet east of the 4th & E Street intersectionunmatched exposure in a high-traffic area " Structure: Sturdy block construction with poured concrete slab foundation " Levels: " Ground floor: Retail " Second floor: Retail " Third floor: Office " Full-size basement " Elevator shaft in place for easy retrofitting Building Upgrades: " Roof: 5,700 SF re-roofed with fully adhered EPDM membrane (2016, Center Marc Corporation) " Heating: $300,000 upgraded heating system (installed by True North Mechanical, 2024) " Windows: New caulking for improved efficiency " Fire & Safety: " Dedicated function fire alarm and sprinkler panel (Taylor Fire Protection Services, 2025) " Fire sprinkler upgrades (Cineplex Grenell, 2004) " Boiler: Recently replaced, no structural changes required " Electrical: " Full electrical retrofit (Raven Electric, 2003) " Service panel relocation & upgrade (MPC Energy Services, 2019) " Additional: Elevator shaft ready for install, flexible multi-use spaces, excellent storage in basement Location Advantages: " Surrounded by primary tourist destinations, dining, hotels, and transportation options " Unparalleled signage and frontage on one of Anchorage's busiest pedestrian corridors " Ideal for retail, gallery, restaurant, or creative office users looking for premium downtown real estate