$5,800,000
4360 Spenard Road, Anchorage, AK 99517
- MLS#: 23-1834
- Status: Active
- Days on Market: 302
- Beds: 0
- Baths: 0
- 69,876 sq.ft.
- Year Built: 1969
- 1 acres
- Garage/Carport: 0 / 0
Property Details
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.
Property Features
Handicap Accessible
More Details
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- Multi-Family
- 78,287 sq.ft.
- Baseboard, Natural Gas
- Shingle, Rolled/Hot Mop
- Public
- Public Sewer
- City Lights, Lake
- None
- None
- Level
- Existing Structure
- 1A - Anchorage Municipality
- Lake Hood
- Romig
- West Anchorage
- 102
- 2
- 109
- No
- B3 - General Business
- 61.1813, -149.938
Listing Office
Jack White Real Estate