5320 W Parks Highway, Wasilla, AK 99623

$799,000
Property Type: Commercial Sale Square Footage: 4,745 Lot Size (sq. ft.): 164,657 Status: Active
Current Price: $799,000 Last Modified: 5/07/2026

Description

Positioned on 3.78 acres along one of the busiest stretches of the Parks Highway, this property offers exceptional visibility, multiple existing income streams, and significant upside potential. This high-exposure commercial property is already income-producing while leaving room for expansion and future development. The site features established retail space currently occupied

Supplements: a lucrative, high-security storage facility offering fenced, covered, and fully enclosed options year-round. Among the property's amenities is a flexible two-bedroom upper-level unit suitable for residential use or a continued lease. Currently operating as a yoga studio, the unit provides an additional established income stream. Owner improvements include a new roof for both buildings this spring and a secondary property entrance from Museum Drive, which has already been approved by the borough, providing improved access and long-term development flexibility. With its incredible street presence and steady traffic flow directly on the Parks Highway, the property is ideally suited for continued retail, service, or storage use, while also offering opportunities to introduce additional income streams, such as a drive-up coffee kiosk, food service, or expanded commercial operations. This is a rare opportunity to secure prime highway frontage with existing cash flow and room to grow in one of the fastest-growing and most visible commercial corridors in Wasilla.

More Information MLS# 26-1541

Contract Info

Price-List: 799000 Date-Listing: 2026-02-19 Status: Active EM Minimum Deposit: 10000 Foreclosure/Bank Own: No

Location Tax and Legal

Area: WA - Wasilla Street #: 5320 Directional: W Street Name: Parks Arterial: Highway Closest USPS Town: Wasilla State: AK Zip Code: 99623

Property Info

Type of Property: Mixed Use Realtor.com Type: Commercial Construction Status: Existing Structure Building Status: Owner Occupied Acres: 3.78 SF-Lot: 164656.8 Lot Area Source: Tax Authority SF-Res: 4745 Floors: 2 Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston Year Built: 1972

Directions and Remarks

Directions: Mile 47 Parks Hwy, near the corner of Museum Dr.

Property Features

Primary Space: Land; Office; Office/Retail; Office/Warehouse; Retail Secondary Space: Office/Retail; Office/Warehouse; Retail; Warehouse/Shop Heating: Floor Furnace; Natural Gas; See Remarks Exterior Finish: Masonry; Metal Construction Type: Block; Metal Siding; Wood Frame Foundation: Slab Roof Type: Membrane; Metal; Shingle Flooring: Concrete; Vinyl Walls: Block; Metal; Sheetrock Sewer: Septic Tank Water Source: Well Features-Commercial: Corner Lot; Fencing; Floor Drain(s); HW Heater - Gas; Living Quarters; On-Site Parking; Overhead Door(s); Restroom(s)-Private; Security System; Separate Meter-Elec Access: Paved View Type: Mountains To Show: ShowingTime Listing Terms Financing: Cash; Conventional; Owner Finance; See Remarks Documents: As-Built; Floor Plan; Property Disclosure; Soils Test; Other - See Remarks
Listing Office: Keller Williams Realty Alaska Group of Wasilla
Last Updated: May - 07 - 2026
5320 W Parks Highway, Wasilla, AK 99623- MLS# 26-1541
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.