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875 W Commercial Drive, Wasilla, Alaska

$6,500,000 REDUCED 3%
  • $6,500,000
  • 51,269
  • 3.77
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A proven investment opportunity in the heart of the growing Mat-Su Borough's Wasilla business hub. This 3 building business & retail complex is anchored by the recently renewed State of Alaska & acts as a One-Stop center for Wasilla's H&SS & Labor offices. Priced well below replacement cost at only $130 per sq. ft. at 8.05 cap rate. This property has provided steady, reliable return and cash flow.

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Essential Information

  • MLS® # 19-10874
  • Price $6,500,000
  • Square Footage 51,269
  • Acres 3.77
  • Type Commercial Property
  • Style Mixed Use
  • Status Active

Community Information

Amenities

  • Features On-Site Parking, Overhead Door(s), Separate Meter-Elec, Separate Meter-Gas

Interior

  • Heating Forced Air, In-Floor Heat
  • # of Stories 1

Exterior

  • Roof PVC Membrane, Bitumen/Torch Down
  • Construction Wood Frame
  • Foundation Concrete Block

Additional Information

  • Date Listed July 1st, 2019
  • Days on Market 207
  • Zoning C - Commercial (re: Cities Wasilla/Houston)

Listing Details

  • Listing Office: Western Enterprises, Inc.

Financials

  • $/SqFt $127

Price & Status History

Date Details
Price Reduced from $6,700,000 to $6,500,000

Neighborhood Information

Stable Population, Moderate Residential Turnover, Coastal Area, Suburb of Anchorage

  • Icon of money $280,000

    Median Price

  • Icon of a grid layout $37

    Median Price/Sqft

  • Icon of a bar graph 99.38%

    Sale/List Ratio

  • Icon of a house 904

    # of Homes SoldWithin the Last Year

  • Icon of a person walking N/A

    Walk Score®

  • Icon of a raincloud 19.35″

    Annual Precipitation

  • Icon of a sun 23.30°F /65.80°F

    Avg. Highs -
    Jan/July

  • Icon of a cloud and moon 9.30°F /47.90°F

    Avg. Lows -
    Jan/July

  • Icon of a group of people 57,287

    PopulationBased on Nearest ZIP Code

  • Icon of a person 35

    Median Age

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Listing information last updated on January 24th, 2020 at 7:04am AKST.