428 W 4th Avenue, Anchorage, AK 99501

$1,500,000

Property Type: Commercial Sale Square Footage: 16,856 Lot Size (sq. ft.): 6,500 Status: Active

Current Price: $1,500,000 Last Modified: 5/31/2026

Description

Situated in the vibrant heart of downtown Anchorage's tourist and transit corridor, 428 W. 4th Avenue presents a unique opportunity for retailers, galleries, or office users seeking visibility and a massive amount of foot traffic. This substantial, block-constructed building currently houses the Alaska Fur Gallery and offers flexible multi-level space suitable for a variety of uses.

Supplements: Key Features: " Size: ~17,100 SF across three levels " Location: Just 50 feet east of the 4th & E Street intersectionunmatched exposure in a high-traffic area " Structure: Sturdy block construction with poured concrete slab foundation " Levels: " Ground floor: Retail " Second floor: Retail " Third floor: Office " Full-size basement " Elevator shaft in place for easy retrofitting Building Upgrades: " Roof: 5,700 SF re-roofed with fully adhered EPDM membrane (2016, Center Marc Corporation) " Heating: $300,000 upgraded heating system (installed by True North Mechanical, 2024) " Windows: New caulking for improved efficiency " Fire & Safety: " Dedicated function fire alarm and sprinkler panel (Taylor Fire Protection Services, 2025) " Fire sprinkler upgrades (Cineplex Grenell, 2004) " Boiler: Recently replaced, no structural changes required " Electrical: " Full electrical retrofit (Raven Electric, 2003) " Service panel relocation & upgrade (MPC Energy Services, 2019) " Additional: Elevator shaft ready for install, flexible multi-use spaces, excellent storage in basement Location Advantages: " Surrounded by primary tourist destinations, dining, hotels, and transportation options " Unparalleled signage and frontage on one of Anchorage's busiest pedestrian corridors " Ideal for retail, gallery, restaurant, or creative office users looking for premium downtown real estate

More Information MLS# 25-9615

Contract Info

Price-List: 1500000 Date-Listing: 2025-07-28 Status: Active Foreclosure/Bank Own: No

Location Tax and Legal

Area: 5 - Downtown Anchorage Street #: 428 Directional: W Street Name: 4th Arterial: Avenue Closest USPS Town: Anchorage State: AK Zip Code: 99501

Property Info

Type of Property: Mixed Use Realtor.com Type: Commercial Construction Status: Existing Structure Acres: 0.15 SF-Lot: 6500 Lot Area Source: Other SF-Res: 16856 Zoning: B2A - Central Business Core

Directions and Remarks

Directions: 50 feet East of the intersection of 4th and E Street.

Listing Office: Brandy Pennington Anchorage Real Estate

Last Updated: May - 31 - 2026

428 W 4th Avenue, Anchorage, AK 99501- MLS# 25-9615

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.