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$5,800,000
620 Days On Site

4360 Spenard Road
Anchorage, AK 99517

For Sale|Mixed Use|Active
0
Beds
0
Full Baths
0
Partial Baths
752,138.28
SqFt
$8
/SqFt
1969
Built
County:
Listing courtesy of Matthew Vincent of Jack White Real Estate

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4360 Spenard Road4360 Spenard Road4360 Spenard Road4360 Spenard Road
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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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Listing Snapshot
Price 
$5,800,000
Days On Site 
620 Days
Bedrooms 
N/A
Inside Area (SqFt) 
752,138.28 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1 Acre
Year Built 
1969
MLS® Number 
23-1839
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 months agoListing updated with changes from the MLS®
7 months agoPrice changed to $5,800,000
a year agoStatus changed to Active
2 years agoListing first seen on site
General Features
Acres 
1
Number Of Stories 
3
Parking Spaces 
109
Property Sub Type 
Mixed Use
SqFt Total 
69876
Zoning 
B3 - General Business
Interior Features
Flooring 
Carpet
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Exterior Features
Construction Details 
Unknown
Roof 
Rolled/Hot MopShingle
View 
City LightsLakeMountain(s)
Waterview 
City LightsLakeMountain(s)
Community Features
MLS Area 
1A - Anchorage Municipality

The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than eXp Realty, Inc. 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 is updated daily. Copyright 2024 Alaska Multiple Listing Service, Inc. All Rights Reserved. Data Services Provided by Showcase IDX.

Neighborhood & Commute
Source: Walkscore
Community information and market data Powered by ATTOM Data Solutions. Copyright ©2019 ATTOM Data Solutions. Information is deemed reliable but not guaranteed.
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