627 W 3rd Avenue, Anchorage, AK 99501
$672,000
Property Type:
Commercial Sale
Square Footage:
2,140
Lot Size (sq. ft.):
5,262
Status:
Active
Current Price:
$672,000
Last Modified:
4/28/2026
Description
Downtown Anchorage Opportunity | Prime Location + Expansion Potential
Positioned in the heart of downtown Anchorage, this well-located commercial building offers a unique opportunity to acquire a versatile property with exceptional visibility, views, and upside potential.
This three-level building features two full kitchens--one on the main floor and another on the lower level
Supplements: making it ideal for restaurants, hospitality, event spaces, or multi-tenant use. The flexible layout allows for a variety of business concepts or a live/work conversion with income-producing potential. Enjoy stunning views of Cook Inlet, creating a unique and memorable setting for customers, guests, or tenants. The property also includes a rear deck area with room for expansion, offering the ability to enhance outdoor seating, entertainment space, or future development (subject to approvals).
More Information MLS# 26-3371
Contract Info
Price-List: 672000
Date-Listing: 2026-04-04
Status: Active
EM Minimum Deposit: 6500
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 5 - Downtown Anchorage
Street #: 627
Directional: W
Street Name: 3rd
Arterial: Avenue
Closest USPS Town: Anchorage
State: AK
Zip Code: 99501
Property Info
Type of Property: Mixed Use
Building Type: Class C
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Vacant
Acres: 0.12
SF-Lot: 5262
Lot Area Source: Tax Authority
SF-Res: 2140
Floors: 3
Zoning: B2C - Central Business Periphery
Year Built: 1960
Directions and Remarks
Directions: Downtown Anchorage on the N side of 3rd Avenue between F & G Streets
Property Features
Primary Space: Hospitality; Office/Retail; Retail
Secondary Space: Office/Retail; Retail
Heating: Baseboard
Exterior Finish: Wood
Construction Type: Wood Frame
Foundation: Unknown - BTV
Roof Type: Asphalt; Composition; Shingle
Flooring: Other
Walls: Sheetrock
Sewer: Public Sewer
Water Source: Public
Features-Commercial: DSL/Cable Available; In City Limits; Master Meter - Gas; On-Site Parking; Restroom(s)-Private; Stand Alone Unit
Access: Dedicated Road; Maintained; Paved
View Type: Inlet; Mountains
Listing Terms Financing: Cash; Conventional
Documents
As-Built ›Listing Office: Real Broker Alaska
Last Updated: April - 28 - 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.
