423 W 5th Avenue, & 425, Anchorage, AK 99501
$1,525,000
Property Type:
Commercial Sale
Square Footage:
10,929
Lot Size (sq. ft.):
9,750
Status:
Active
Current Price:
$1,525,000
Last Modified:
5/15/2026
Description
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.
More Information MLS# 26-2699
Contract Info
Price-List: 1525000
Date-Listing: 2026-03-20
Status: Active
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 5 - Downtown Anchorage
Street #: 423
Directional: W
Street Name: 5th
Arterial: Avenue
Street Addl Info: & 425
Closest USPS Town: Anchorage
State: AK
Zip Code: 99501
Property Info
Type of Property: Single Use
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Leased
% of Space Leased: 69
Acres: 0.22
SF-Lot: 9750
Lot Area Source: Owner
SF-Res: 10929
Zoning: B2A - Central Business Core
Directions and Remarks
Directions: Across from 5th avenue mall. Ginger and space to the lookers right, used to be TJs Shirts.
Building Info
Building Name: Ginger / Vacant (Previous TJs Shirts)
Documents
423-425 W 5th Marketing Package ›Listing Office: Jack White Commercial
Last Updated: May - 15 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
