4614 Lake Spenard Drive, 4610, Anchorage, AK 99517

$750,000
Property Type: Business Opportunity Square Footage: 2,108 Lot Size (sq. ft.): 108,900 Status: Active
Current Price: $750,000 Last Modified: 5/01/2026

Description

Seize a rare gem at Lake Hood Seaplane Base, the world's busiest seaplane hub! This 2.5-acre mixed-use property at 4610/4614 Lake Spenard Dr blends aviation and residential income potential in Anchorage's vibrant Spenard neighborhood. Featuring 13 private float slips, a Log House (2-bed/1.5-bath, ~1,308 sq ft), a Log Cabin (~800 sq ft studio), a Detached Garage, and a Garden Shed.

Supplements: Property Highlights 13 Float Slips: High-demand slips for floatplanes, rentable May-September at premium rates, capitalizing on 20+ year state waitlists. Winter storage potential on-site (subject to lease). 27 Log House: ~1,308 sq ft, 2-bed/1.5-bath home (per owner, buyer to verify), ideal for owner-occupancy or rental (~$1,870/mo market rate). Cozy, modern, with lake proximity. Log Cabin: ~800 sq ft convertible studio or office (per owner, buyer to verify), perfect for rental (~$1,150/mo) or aviation business. Detached Garage & Garden Shed: Additional structures for storage or potential conversion (subject to lease/zoning). Sizes TBD. Location: Minutes from Ted Stevens Anchorage International Airport, Spenard's dining, and trails. Zoned for mixed-use, offering flexibility. Income Potential: Estimated gross income of $84,990 ($48,750 from slips, $22,440 from Log House, $13,800 from Log Cabin). Strong 8% cap rate. Additional Details Lease Information: Subject to ADOT&PF ground lease ($24,480/yr land, $20,280/yr slips). Buyer to verify terms (ADA-32133) and Article III(C) reservations. Taxes: ~$8,699/yr (2024 assessment). 10 Utilities & Maintenance: Estimated $4,000/yr insurance, $5,000/yr maintenance. Investment Notes: High leverage potential (~90% LTV financing). Seasonal slip income offset by year-round rentals. Explore winter storage or short-term rentals for added revenue. Why Invest? Own a piece of Alaska's aviation legacy with robust cash flow. The scarce Lake Hood slips and desirable residential units ensure steady demand. Ideal for double escrow investors or those seeking a unique lifestyle property. Contact: Schedule a showing to explore this one-of-a-kind opportunity! Buyer to verify square footage, lease terms, and zoning. Act now to secure Anchorage's premier aviation investment.

More Information MLS# 25-11070

Contract Info

Price-List: 750000 Date-Listing: 2025-08-26 Status: Active Minimum EM Deposit $: 30000

Location Tax and Legal

Area: 10 - Spenard Street #: 4614 Street Name: Lake Spenard Arterial: Drive Street Addl Info: 4610 Closest USPS Town: Anchorage State: AK Zip Code: 99517

Property Info

Realtor.com Type: Commercial Construction Status: Existing Structure Business Name: Ketchikan Airways, LLC Type of Property: Land & Building SF-Res: 2108 Floors - # of: 2 SF-Lot: 108900 Lot Area Source: Tax Authority Acres: 2.5 Zoning: B3 - General Business Year Built: 1952

Directions and Remarks

Directions: From Minnesota , head southWest on Spenard Road to Wisconsin, right on Wisconsin then take first left; om Lake Spenard - property is on the right side at the lakshore.

Building Info

Building Status: Owner

Property Features

Business Type: Other Construction Type: Log Exterior Finish: Log Roof Type: Metal Flooring: Carpet; Hardwood Walls: Wood Foundation: Unknown - BTV Listing Terms Financing: 1031 Exchange; Cash; Conventional; Owner Finance; See Remarks Access: Floatplane; Maintained View Type: Lake Sewer: Public Sewer Water Source: Public Docs Avl for Review: Lease; Other - See Remarks
Listing Office: Chambers Real Estate Services
Last Updated: May - 01 - 2026
4614 Lake Spenard Drive, 4610, Anchorage, AK 99517- MLS# 25-11070
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.