4360 Spenard Road, Anchorage, AK 99517 (MLS# 23-1839)


$5,800,000
4360 Spenard Road
Anchorage, AK 99517
MLS# 23-1839
69876 sqft


Street view of hotel from before fire
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Street view of hotel from before fire Hotel common area/breakfast bar Hotel common area/breakfast bar Hotel common area/breakfast bar Example of Hotel room/suite Example of Hotel bathroom Apartment Building Common area Typical apartment building kitchen Typical apartment bedroom Typical apartment living area

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.

Details
Maps
Documents
Contract Info
Price-List: 5800000
Date-Listing: 2023-03-01
Status: Active
EM Minimum Deposit: 50000
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 10 - Spenard
Street #: 4360
Street Name: Spenard
Arterial: Road
Closest USPS Town: Anchorage
State: AK
Zip Code: 99517
Property Info
Type of Property: Mixed Use
Building Type: Class C
Realtor.com Type: Commercial
Construction Status: Existing Structure
Acres: 1.8
SF-Lot: 78287
Lot Area Source: Tax Authority
SF-Res: 69876
Floors: 3
Zoning: B3 - General Business
Year Built: 1969
Directions and Remarks
Directions: East on Spenard from Minnesota. To your right.
Building Info
Parking Space-Ttl #: 109
Property Features
Primary Space: Hospitality
Heating: Baseboard; Natural Gas; Unknown
Exterior Finish: Stucco; Wood
Construction Type: Unknown
Foundation: Unknown - BTV
Roof Type: Rolled/Hot Mop; Shingle
Flooring: Carpet
Walls: Sheetrock
Sewer: Public Sewer
Features-Commercial: Elevator; Fire Sprinkler System; In City Limits; Living Quarters; On-Site Parking; Restroom(s)-Handicap; Restroom(s)-Private; Wtrfnt-Access Nearby
Access: Maintained; Paved
View Type: City Lights; Lake; Mountains
Listing Terms Financing: Cash; Conventional; Other; See Remarks
Documents: Other - See Remarks
Supplements
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.

Listing Office: Jack White Real Estate

Last Updated: August - 22 - 2024

4360 Spenard Road, Anchorage, AK 99517 - MLS# 23-1839

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 the site owner are marked with 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. Site contains live data.