500 Benson BlvdAnchorage, AK 99503

Property Details for 500 Benson Blvd

Year built

1978

Lot size

1.69 AC

Property size (Sq ft)

25,810 SF

Zone code

B3 GENERAL BUSINESS

Property type

Retail properties

Property subtype

Retail space

APN

009-043-33-000

APU

904333000

Description

This exceptional commercial property, located at 500 E Benson Boulevard in Anchorage, Alaska, 99503, offers a prime opportunity for businesses seeking a high-visibility location. The property is zoned B3 - General Business, allowing for a wide range of uses. The building boasts a total of 19,411 square feet of vacant, contiguous space, ideal for a single tenant or multiple tenants. Its central Midtown location provides excellent access from Benson Boulevard and Denali Street, placing it directly across from the Midtown Mall and adjacent to the Metro Mall, ensuring high foot traffic and brand visibility. The property features prominent building and monument signage opportunities, enhancing marketing and brand recognition. The suggested use is for businesses such as physical therapists, chiropractors, counseling services, or wellness centers, but the flexible zoning allows for various other commercial ventures. The lease rate is $1.50 per rentable square foot, plus charges for electricity, common area maintenance (CAM), and pass-through costs above the base year for taxes and insurance. This property presents a unique chance to establish a thriving business in a highly desirable and accessible Anchorage location. The latitude and longitude coordinates are 61.1927912 and -149.8749159 respectively.

• CAP approach

  CAP return

  Valuation

  6%

  $10,233,927

  6.5%

  $9,446,702

  7%

  $8,771,938

• Comparable approach

  Method

  Valuation

  Relative Method

  $19,770,786

  Geo Method

  $12,525,634

• Alternative Use

  Use

  Valuation

  Residential

  $7,968,646

  Hospitality

  $7,299,238

  Educational

  $6,072,880

  Medical

  $6,281,736

  Retail

  $9,446,702

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.1927

Longitude

-149.875

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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