626 D StAnchorage, AK 99501

Property Details for 626 D St

Year built

1941

Construction

WOOD FRAME

Lot size

0.32 AC

Property size (Sq ft)

2,697 SF

Zone code

B2B CENTRAL BUSINESS

Property type

Bars

Property subtype

Pubs

APN

002-112-72-000

APU

211272000

Description

This exceptional commercial property, located at 626 D Street in Anchorage, Alaska, presents a unique investment opportunity. The 7,188 square foot building sits on a sizable 0.32-acre lot (14,010 square feet) and is zoned B2B: Central Business Intermediate. The property's history includes operation as Bernie's Bungalow, a well-established bar and restaurant. This versatile space boasts a substantial commercial kitchen, fully equipped for large-scale food preparation. Two separate bars are included, along with ample bathroom facilities to accommodate a high volume of patrons. Extensive storage space is available, along with dedicated office areas for administrative functions. The property also features inviting patios, perfect for outdoor dining or events, and a unique outdoor performance stage, adding to its entertainment potential. A sizable backyard provides additional space, offering possibilities for expansion or outdoor amenities. The property's central downtown location offers excellent visibility and accessibility, making it an ideal location for a variety of commercial ventures. The substantial size and diverse features of this property make it a highly attractive investment opportunity in the thriving Anchorage market. The B2B zoning allows for a wide range of commercial uses, providing flexibility for future development and adaptation. This is a rare chance to acquire a well-established, versatile commercial property in a prime downtown location. The asking price is $2,200,000.

• CAP approach

  CAP return

  Valuation

  6%

  $1,069,388

  6.5%

  $987,127

  7%

  $916,618

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,065,936

  Geo Method

  $1,308,858

• Alternative Use

  Use

  Valuation

  Residential

  $832,679

  Hospitality

  $762,729

  Educational

  $634,582

  Medical

  $656,406

  Retail

  $987,127

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.2159

Longitude

-149.89

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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