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4360 Spenard Road

Anchorage, AK 99517
  • $5,800,000
  • STATUS: Active
  • ON SITE: 475 Days
  • MLS #: 23-1834
UPDATED: 153 min ago
$5,800,000
  • 0
    BEDS
  • 1.8
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 69,876
    SQFT
  • $83
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
Area:

School Information

Elementary School:
Middle School:
High School:

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 RMG Real Estate Network | 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: 2024-06-18T22:38:52.93.

www.alaskahomesearch.com/homes/137368084
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4360 Spenard Road Anchorage, AK 99517

  • Price: $5,800,000
  • Status: Active
  • On Site: 475 Days
  • Updated: 153 min ago
  • MLS #: 23-1834
0
Beds
0
Baths
0
½ Baths
1.8
Acres
69,876
SQFT
$83
$/SQFT
1969
Built
Neighborhood:
Spenard
Area:
Spenard
Elementary School:
Lake Hood
Middle School:
Romig
High School:
West Anchorage
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

Attached Garage YN No Carport Spaces 0 Exterior Finish Stucco2 Yes Exterior Finish Wood3 Yes Open Parking Spaces 109 Parking Features None Roof ShingleRolled/Hot Mop

Interior Features

Flooring Luxury Vinyl PlankLaminateCarpet Heating Baseboard Yes Heating Natural Gas Yes Mf Features Handicap Accessible Yes

Property Features

Building Area Total 69876 Construction Materials Wood Frame Foreclosure Bank Own No Lot Features Level MLSArea Major 1A - Anchorage Municipality Multi Family Type Apartment Style Yes Multi Family Type Five Units Yes New Construction YN No Property Info Construction Status Existing Structure Property Info Prkg Spcs 109 Road Surface Type PavedMaintained Sewer Public Sewer View City LightsLake Water Type Public2 Yes 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 RMG Real Estate Network | 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: 2024-06-18T22:38:52.93.

 
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RMG Real Estate Network | Keller Williams Realty Alaska Group
1900 W Benson Blvd Ste 101
Anchorage AK, 99517