About 428 W 4th Avenue
Situated in the vibrant heart of downtown Anchorage's tourist and transit corridor, 428 W. 4th Avenue presents a unique opportunity for retailers, galleries, or office users seeking visibility and a massive amount of foot traffic. This substantial, block-constructed building currently houses the Alaska Fur Gallery and offers flexible multi-level space suitable for a variety of uses. Key Features:
" Size: ~17,100 SF across three levels
" Location: Just 50 feet east of the 4th & E Street intersectionunmatched
exposure in a high-traffic area
" Structure: Sturdy block construction with poured concrete slab foundation
" Levels:
" Ground floor: Retail
" Second floor: Retail
" Third floor: Office
" Full-size basement
" Elevator shaft in place for easy retrofitting
Building Upgrades:
" Roof: 5,700 SF re-roofed with fully adhered EPDM membrane (2016, Center
Marc Corporation)
" Heating: $300,000 upgraded heating system (installed by True North Mechanical,
2024)
" Windows: New caulking for improved efficiency
" Fire & Safety:
" Dedicated function fire alarm and sprinkler panel (Taylor Fire Protection Services,
2025)
" Fire sprinkler upgrades (Cineplex Grenell, 2004)
" Boiler: Recently replaced, no structural changes required
" Electrical:
" Full electrical retrofit (Raven Electric, 2003)
" Service panel relocation & upgrade (MPC Energy Services, 2019)
" Additional: Elevator shaft ready for install, flexible multi-use spaces, excellent
storage in basement
Location Advantages:
" Surrounded by primary tourist destinations, dining, hotels, and transportation
options
" Unparalleled signage and frontage on one of Anchorage's busiest pedestrian
corridors
" Ideal for retail, gallery, restaurant, or creative office users looking for premium
downtown real estate
