4360 Spenard Road Anchorage, AK 99517
REDEVELOPMENT OPPORTUNITY!!60 unit Multifamily and 42 room hotel for sale in a package deal! The front building was built in 1984 as a drive-in hotel for commercial airlines pilots while the back building was built in 1969 as an apartment community for oil workers.This asset has great income year round. The front building suffered a fire in 2022 while the back building still operates as STRs.The main building suffered from a fire in 2022 and 17 of the 42 rooms were burn down. The remaining 25 rooms have smoke damage to be cleaned. This is a great opportunity for an investor to redevelop the 42 room hotel and continue operations of the apartment building as long term rentals.
- Property TypeMulti-Family
- NeighborhoodN/A
- CountyN/A
- Taxes$0
- HOA/Condo/Coop Fees$0
- Days on Site476 Days
- MLS StatusActive
- MLS ID Number23-1834
- Home Size Source N/A
- Year Built1969
- Lot Size1.8 Acres
- Full BathsN/A
- Partial BathsN/A
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General Features
- Construction StuccoWood SidingFrame
- Parking No CarportNo Garage
- Parking Spaces 109
- Sewer Public Sewer
- Acreage 1.8
- Water Public
- Zoning B3
- Property Sub Type Multi Family
- Garage Spaces 0
- Attached Garage No
Interior Features
- Heating Baseboard
- Flooring CarpetLaminateVinyl
Exterior Features
- Roof Rolled/ Hot MopShingle
- View City LightsLake
- Waterfront Property No
- Waterfront Features No AccessNone
Community Features
- MLS Area 1A - Anchorage Municipality