777 Juneau StAnchorage, AK 99501

Property Details for 777 Juneau St

Year built

1975

Lot size

0.48 AC

Property size (Sq ft)

31,517 SF

Zone code

B3 GENERAL BUSINESS

Property type

Office properties

Property subtype

Office buildings

APN

003-102-57-000

APU

310257000

Description

This exceptional commercial property, located at 777 Juneau St in Anchorage, Alaska, presents a unique investment opportunity. The three-story building, constructed in 1975, boasts a substantial 28,989 square feet of space situated on a 1.44-acre lot (comprising five parcels with APNs: 00310257000, 00310258000, 00310234000, 00310233000, 00310221000). The property features a mix of retail and office space, previously occupied by Alaska USA Federal Credit Union. The ground floor includes retail space and open areas, while floors two and three offer office space. Ample parking is available with over 100 spaces. The property's zoning allows for commercial use, with an adjacent lot zoned for multifamily development. The sale includes an existing lease with AT&T for space within the building. This prime downtown Anchorage location offers significant potential for a variety of uses and strong rental income. The asking price is $2,500,000. This is a rare opportunity to acquire a substantial, well-located commercial property in a thriving Alaskan market.

• CAP approach

  CAP return

  Valuation

  6%

  $8,528,578

  6.5%

  $7,872,534

  7%

  $7,310,210

• Comparable approach

  Method

  Valuation

  Relative Method

  $8,451,723

  Geo Method

  $6,069,544

• Alternative Use

  Use

  Valuation

  Residential

  $9,761,941

  Hospitality

  $8,941,886

  Educational

  $7,439,544

  Medical

  $7,695,402

  Retail

  $11,572,624

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.2149

Longitude

-149.864

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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