627 W 3rd Avenue, Anchorage AK 995011 / 13

$672,000

Active

627 W 3rd Avenue

Anchorage AK 99501

Original

Real Broker Alaska

0

Bathrooms

2,140

Sq Ft

1960

Year Built

$314/sqft0.12 acres lot3 stories

MLS# 26-3371· Listed Apr 4, 2026

Live MLS feed

About This Property

Downtown Anchorage Opportunity | Prime Location + Expansion Potential Positioned in the heart of downtown Anchorage, this well-located commercial building offers a unique opportunity to acquire a versatile property with exceptional visibility, views, and upside potential. This three-level building features two full kitchens--one on the main floor and another on the lower level making it ideal for restaurants, hospitality, event spaces, or multi-tenant use. The flexible layout allows for a variety of business concepts or a live/work conversion with income-producing potential. Enjoy stunning views of Cook Inlet, creating a unique and memorable setting for customers, guests, or tenants. The property also includes a rear deck area with room for expansion, offering the ability to enhance outdoor seating, entertainment space, or future development (subject to approvals).

Property Details

Property TypeCommercial Sale
Sub TypeMixed Use
Stories3
Year Built1960
Lot Size0.12 acres
SubdivisionOriginal
Legal DescriptionOriginal L20 B16 E48'
Parcel #0021071200001
Annual Taxes$9,000 (2025)
MLS #26-3371

Heating

Baseboard

Flooring

Other

Sewer

Public Sewer

View

InletMountain(s)

Price & Status History

4/11/2026
Listed for sale
$672,0000.0%
$314/sqft
4/4/2026
Listed for sale
$672,000+7.5%
$314/sqft
Source: AKMLS #26-3371
9/18/2024
Sold
$625,000-30.6%
$292/sqft
1/26/2023
Listed for sale
$900,000
$421/sqft

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

Equal Housing Opportunity

Listed by: Rene' C Kennicott · Real Broker Alaska

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% · $67,200
Interest rate7.0%
Loan term30 years

$4,024/mo

$604,800 loan · 30yr · 7.0%

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

Maureen McMahon

Dream Makers

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