423 W 5th Avenue, Anchorage AK 995011 / 14

$1,525,000

Active

423 W 5th Avenue

Anchorage AK 99501

Jack White Commercial

0

Bathrooms

10,929

Sq Ft

$140/sqft0.22 acres lot

MLS# 26-2699· Listed Mar 20, 2026

Live MLS feed

About This Property

Over a 10% Cap rate once the vacant space is leased. Current Cap rate is just under 7% as is! This a phenomenal investment. In addition this is incredibly well maintained and the absolute best location in Downtown Anchorage where restaurants have very high sales volumes. Priced to sell.

Property Details

Property TypeCommercial Sale
Sub TypeSingle Use
Lot Size0.22 acres
Legal DescriptionL9 & 10 B43 W25'
Parcel #0021050500001, 0021050600001
MLS #26-2699

Price & Status History

3/20/2026
Listed for sale
$1,525,000
$140/sqft
Source: AKMLS #26-2699

* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.

Equal Housing Opportunity

Listed by: Andrew Ingram · Jack White Commercial

Alaska MLS

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Maureen McMahon

Maureen McMahon

Real Estate Agent

Better Homes and Gardens Real Estate Dream Makers

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Mortgage Estimate

Down payment10% · $152,500
Interest rate7.0%
Loan term30 years

$9,131/mo

$1,372,500 loan · 30yr · 7.0%

Estimate only. Taxes & insurance not included. Rates vary by lender.

Maureen McMahon

Dream Makers

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