9220 Lake Otis PkwyAnchorage, AK 99507

Property Details for 9220 Lake Otis Pkwy

Year built

1984

Construction

WOOD FRAME

Lot size

1.29 AC

Property size (Sq ft)

19,750 SF

Zone code

B3SL GENERAL BUSINESS

Property type

Retail properties

Property subtype

Strip malls

APN

016-251-02-000

APU

1625102000

Description

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.

• CAP approach

  CAP return

  Valuation

  6%

  $7,831,076

  6.5%

  $7,228,685

  7%

  $6,712,350

• Comparable approach

  Method

  Valuation

  Relative Method

  $15,128,750

  Geo Method

  $9,584,707

• Alternative Use

  Use

  Valuation

  Residential

  $6,097,666

  Hospitality

  $5,585,430

  Educational

  $4,647,012

  Medical

  $4,806,830

  Retail

  $7,228,685

Location Insight

City

Anchorage

County

Anchorage

State

Alaska

Latitude

61.1368

Longitude

-149.835

CBSA code

11260

CBSA name

ANCHORAGE, AK METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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