5320 W Parks Highway, Wasilla, AK 99623

$799,000
Property Type: Business Opportunity 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.

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# 26-2715

Contract Info

Price-List: 799000 Date-Listing: 2026-03-20 Status: Active Minimum EM Deposit $: 8500

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

Realtor.com Type: Commercial Construction Status: Existing Structure Type of Property: Land & Building SF-Res: 4745 Floors - # of: 2 SF-Lot: 164656.8 Lot Area Source: Owner Acres: 3.78 Zoning: UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston Year Built: 1972 Prkg Spcs: 20

Directions and Remarks

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

Building Info

Building Status: Owner

Retail

SF-Retail Apx: 312 SF-Retail Office: 1478 SF-Retail Warehouse: 2100

Property Features

Business Type: Retail; Storage; Warehouse; Wholesale; Other Heating: Natural Gas; See Remarks Construction Type: Block; Metal Siding; Wood Frame Exterior Finish: Masonry; Metal Roof Type: Membrane; Metal; Shingle Flooring: Concrete; Laminate Walls: Block; Metal; Sheetrock Foundation: Slab Features-Commercial: Fencing; HW Heater - Gas; Living Quarters; On-Site Parking; Overhead Door(s); Restroom(s)-Handicap; Restroom(s)-Private; Separate Meter-Elec Listing Terms Financing: Cash; Conventional; Owner Finance Access: Gravel; Maintained; Paved View Type: Mountains Sewer: Septic Tank Water Source: Well To Show: ShowingTime Docs Avl for Review: 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# 26-2715
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.