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525 - 527 E 4th Avenue, Anchorage, Alaska

$2,374,400
  • $2,374,400
  • 14,628
  • .34
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Two story concrete block commercial building. Public Utilities - water,sewer,gas,electric. Currently used as a rooming house, apartments,with office and storage areas. The property is located in the eastern portion of the downtown CBD. Central Business District.The subject is located on the eastern portion of the core Downtown CBD. The Downtown CBD is generally bound by the Port of Anchorage and the Alaska Railroad Terminal Reserve to the north, 9th A venue to the south, Ingra Street to the east, and Cook Inlet!Knik Arm to the west. Notable Downtown commercial development includes the Captain Cook Hotel, the Alaska Court System, the Performing Art Center (PAC), and the Fifth A venue Mall. New Downtown development includes the MOA's Fire Station No. I and Municipal Jail, and the Marriott Hotel: Immediate Neighborhood: The subject's immediate neighborhood is the 4th Avenue corridor. This is a primary downtown arterial (eastbound only in the subject's area) providing access to/from surrounding commercial areas. The subject's immediate area is characterized by Anchorage's downtown core. Commercial development such as the Federal Building, Anchorage Museum, Egan Convention Center, major hotels, restaurants, offices buildings, etc evidence are located in the immediate area Linkage and Infrastructure: Major traffic arterials bisecting the general neighborhood are A, C, I, and L Streets and 4th, 5th, 6th, and 9th Avenues. A, C, I, and L Streets are one-way north-south traffic arterials that provide primary access to/from downtown Anchorage. East 4th, 5th and 6th Avenues are one-way east-west arterials through Downtown Anchorage. Together, these arterials link the Downtown commercial area to the Ship Creek/Port of Anchorage, Midtown, and South Anchorage areas. Per the State of Alaska, Department of Transportation and Public Facilities (ADOT&PF), the average daily traffic count is 9,350± vehicles per day on East 4th Avenue fronting the subject and 10,200± vehicles per day on A Street and 9,900± vehicles per day on Gambell Street in the vicinity of the subject. Improvements to neighborhood streets include streetlights, concrete curbs/gutters, concrete sidewalks, and storm drains. Public water, sewer, electricity, natural gas, and telephone service the neighborhood. To summarize, the subject is located within the downtown commercial area. The subject benefits from its good location on East 4th Avenue (eastbound only), a primary Downtown arterial. Additionally, proximity and access to surrounding primary traffic arterials and Midtown Anchorage enhance the neighborhood's appeal and viability. The outlook for the immediate neighborhood is . for continued modernization and upgrade. When economically feasible, older structures will be demolished for new construction compatible with downtown business zoning.

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Essential Information

  • MLS® # 19-9902
  • Price $2,374,400
  • Square Footage 14,628
  • Acres 0.34
  • Year Built 1961
  • Type Commercial Property
  • Style Single Use
  • Status Active
  • Annual Tax Amount $37,300
  • Tax Year 2018

Community Information

Amenities

  • Features 3 Phase Electric, DSL/Cable Available, HW Heater - Gas, In City Limits, Living Quarters, Master Meter - Elec, Master Meter - Gas, On-Site Parking, Restroom(s)-Handicap, Restroom(s)-Private, Security System, Sprinkler System
  • Parking Spaces 8

Interior

  • Heating Baseboard
  • # of Stories 2

Exterior

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

Additional Information

  • Date Listed June 17th, 2019
  • Days on Market 118
  • Zoning B2C - Central Business Periphery

Listing Details

  • Listing Office: RE/MAX Dynamic Properties

Financials

  • $/SqFt $162

Neighborhood Information

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

  • Icon of money $319,000

    Median Price

  • Icon of a grid layout $192

    Median Price/Sqft

  • Icon of a bar graph 98.52%

    Sale/List Ratio

  • Icon of a house 63

    # 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 October 13th, 2019 at 11:49pm AKDT.