423 W 5th Avenue, & 425, Anchorage, AK 99501 (MLS# 26-2699)

423 W 5th Avenue, & 425, Anchorage, AK 99501

$1,525,000
Property Type: Commercial Sale Square Footage: 10,929 Lot Size (sq. ft.): 9,750 Status: Active
Current Price: $1,525,000 Last Modified: 5/15/2026

Overview

Description

Over a 10% Cap rate once the vacant space is leased. Current Cap rate is just under 7% as is! This a phenomenal investment. In addition this is incredibly well maintained and the absolute best location in Downtown Anchorage where restaurants have very high sales volumes. Priced to sell.

Listing Details MLS# 26-2699

Contract Info

Price-List
1525000
Date-Listing
2026-03-20
Foreclosure/Bank Own
No

Location Tax and Legal

Area
5 - Downtown Anchorage
Street #
423
Directional
W
Street Name
5th
Arterial
Avenue
Street Addl Info
& 425
Closest USPS Town
Anchorage
State
AK
Zip Code
99501

Property Info

Type of Property
Single Use
Realtor.com Type
Commercial
Construction Status
Existing Structure
Building Status
Leased
% of Space Leased
69
Acres
0.22
SF-Lot
9750
Lot Area Source
Owner
SF-Res
10929
Zoning
B2A - Central Business Core

Directions and Remarks

Directions
Across from 5th avenue mall. Ginger and space to the lookers right, used to be TJs Shirts.

Building Info

Building Name
Ginger / Vacant (Previous TJs Shirts)

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW1230
Tax Map #-Mat-Su
N/A
Legal
L9 & 10 B43 W25'
IDX
Listing Office: Jack White Commercial
Last Updated: May - 15 - 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.

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