4360 Spenard Road, Anchorage, AK

$5,800,000

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69,876

Square feet

1.00

Acre

About 4360 Spenard Road

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.

Features of 4360 Spenard Road

MLS® # 23-1834
Price $5,800,000
Bathrooms 0.00
Square Footage 69,876
Acres 1.00
Year Built 1969
Type Multi-Family
Sub-Type Apartment Style, 5+ Units, Other - See Remarks
Status Active

Community Information

Address 4360 Spenard Road
Area 10 - Spenard
Subdivision Green Valley #1 TR C
City Anchorage
State AK
Zip Code 99517

Amenities

Parking Spaces 109
Parking None
View City Lights, Lake
Is Waterfront No
Has Pool No

Interior

Heating Baseboard, Natural Gas
Fireplace No
Has Basement No

Exterior

Roof Shingle, Rolled/Hot Mop
Construction Wood Frame

School Information

Elementary Lake Hood
Middle Romig
High West Anchorage

Additional Information

Date Listed March 1st, 2023
Days on Market 353
Zoning B3 - General Business
Foreclosure No

Listing Details

OfficeJack White Real Estate

Listing Map

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