For Sale
$6,000,000

9220 Lake Otis PkwyAnchorage, AK 99507

High-Occupancy Retail Center in Anchorage, AK

Overview

Added:
Dec 11, 2024
Days on market:
113
This exceptional investment opportunity presents a 100% occupied, 19,750 square foot shopping center ideally situated at the southwest corner of Abbott Road and Lake Otis Parkway in Anchorage, Alaska. The property boasts a prime location with high visibility and significant daily traffic exceeding 25,000 vehicles. The mixed-use retail center is classified as a shopping center and sits on a substantial 55,600 square foot lot. The asking price for this lucrative investment is $6,000,000. The property's current occupancy rate of 100% speaks to the strength of its tenant base and the desirability of its location. Long-term tenants contribute to a stable and predictable income stream, making this a compelling opportunity for investors seeking a secure and high-performing asset. The property's address is 9220 Lake Otis Pkwy, Anchorage, AK 99507. This hillside strip mall offers a unique blend of accessibility and visibility, ensuring consistent foot traffic and strong tenant performance. The property's size and location make it an attractive investment for both seasoned and emerging investors in the Anchorage commercial real estate market. This is a rare opportunity to acquire a fully occupied, high-performing retail center in a thriving Alaskan market.

Highlights

  • 100% occupied, 19,750 SF shopping center in Anchorage, AK.
  • Prime location at Abbott Rd & Lake Otis Pkwy with over 25,000 VPD.
  • 55,600 SF lot, mixed-use retail center.
  • Asking price: $6,000,000.
  • Strong tenant base with long-term leases providing stable income.
  • Address: 9220 Lake Otis Pkwy, Anchorage, AK 99507.

Property Details for 9220 Lake Otis Pkwy

Property type
Lifestyle centers, Power centers
Square Feet
19,750 SF

Location Insight

City
Anchorage
County
Anchorage Municipality
State
Alaska
Latitude
61.1366971
Longitude
-149.8349723
9220 Lake Otis Pkwy, Anchorage, Alaska

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9220 Lake Otis Pkwy
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