4360 Spenard Road, Anchorage, Alaska 99517

$5,800,000
69,876
SqFt
List Price
$5,800,000
Price Change
▼ $400,000 1711828970
MLS#
23-1834
Status
ACTIVE
Sq. Ft
69,876
Lot Size
78,287
Acres
1
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
Roof
Shingle, Rolled/Hot Mop
Floor
Luxury Vinyl Plank, Laminate, Carpet
Construction Status
Existing Structure
Heating
Baseboard, Natural Gas
Sewer
Public Sewer
High School
West Anchorage
Middle School
Romig
Elementary School
Lake Hood

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: