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525 E 4th Avenue Through 601, Anchorage, Alaska

$4,000,000 REDUCED 6%
  • $4,000,000
  • 34,931
  • .74
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Two buildings. Currently used as a rooming house - apx 135 beds. Mix of apartments and shared rooms. 2BR owner/mgr apt. Maintained buildings with newer boilers. Resurfaced silicone roof 545. 3 stage electric in 527. Full service commercial kitchen. Complete Full Coverage Security cameras. Bldgs master keyed. Numerous pkg spaces. Lg warehouse/garage shop area.Buildings can be purchased separately Lots 17/18 adjacent to the west of this property are also for sale - in MLS. Lots to the East between this property and Gambell may be for sale by that owner (he says so). The whole block is potentially available. Potential uses include rehab facility, assisted living, hotel or combination, office/warehouse. Previous uses were office/warehouse and hotel. All FF&Es are negotiable. Owner is retiring and ready to sell.

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Essential Information

  • MLS® # 16-11122
  • Price $4,000,000
  • Square Footage 34,931
  • Acres 0.74
  • Year Built 1953
  • Type Commercial Property
  • Style Single Use
  • Status Active
  • Annual Tax Amount $53,491
  • Tax Year 2016

Community Information

Amenities

  • Features 3 Phase Electric, DSL/Cable Available, Fencing, Floor Drain(s), HW Heater - Gas, In City Limits, Living Quarters, On-Site Parking, Overhead Door(s), Restroom(s)-Handicap, Restroom(s)-Private, Sprinkler System, Other - See Remarks
  • Parking Spaces 30

Interior

  • Heating Baseboard
  • # of Stories 2

Exterior

  • Exterior Masonry, Wood, Unknown - BTV
  • Roof Bitumen/Torch Down, Hot Mop Asphalt, Other - See Remarks, Built-up/Tar Gravel
  • Construction Block, Wood Frame, Unknown - BTV
  • Foundation Concrete Block, Unknown - BTV

Additional Information

  • Date Listed July 9th, 2016
  • Days on Market 1226
  • Zoning B2C - Central Business Periphery

Listing Details

  • Listing Office: RE/MAX Dynamic Properties

Financials

  • $/SqFt $115

Price & Status History

Date Details
Price Reduced from $4,250,000 to $4,000,000

Neighborhood Information

Close to Military Facility(ies), Close to Penitentiary, High Residential Turnover, Coastal Area

  • Icon of money $379,900

    Median Price

  • Icon of a grid layout $228

    Median Price/Sqft

  • Icon of a bar graph 97.96%

    Sale/List Ratio

  • Icon of a house 60

    # of Homes SoldWithin the Last Year

  • Icon of a person walking 58/100

    Walk Score®Somewhat Walkable

  • Icon of a raincloud 15.29″

    Annual Precipitation

  • Icon of a sun 20.80°F /65.10°F

    Avg. Highs -
    Jan/July

  • Icon of a cloud and moon 7.10°F /52.30°F

    Avg. Lows -
    Jan/July

  • Icon of a group of people 18,246

    PopulationBased on Nearest ZIP Code

  • Icon of a person 34

    Median Age

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Listing information last updated on November 16th, 2019 at 3:34pm AKST.