4360 Spenard Road, Anchorage, Alaska 99517
- $6,740,000
- List Price
- $6,740,000
- MLS#
- 23-1839
- Status
- ACTIVE
- Lot Size
- 78,287
- Acres
- 1.80
- Year Built
- 1969
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.
Additional Information
- Zoning
- B3 - General Business
- View
- City Lights, Lake, Mountains
- Roof
- Shingle, Rolled/Hot Mop
- Floor
- Unknown - BTV, Carpet
- Construction Status
- Existing Structure
- Heating
- Baseboard
- Water
- Public
Listing Office Jack White Real Estate
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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 Properties of Alaska Real Estate Brokers of Alaska 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 last updated: