627 W 3rd Avenue, Anchorage, AK 99501 (MLS# 26-3371)

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: 4/16/2026

Overview

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 dec ...

Listing Details MLS# 26-3371

Contract Info

Price-List
672000
Date-Listing
2026-04-04
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
% of Space Leased
0

Directions and Remarks

Directions
Downtown Anchorage on the N side of 3rd Avenue between F & G Streets

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
Original L20 B16 E48'
Taxes (Estimated)
9000
Tax Year
2025

Listing Terms Financing

Cash
Yes
Conventional
Yes

More Information

Primary Space

Hospitality
Yes
Office/Retail
Yes
Retail
Yes

Secondary Space

Office/Retail
Yes
Retail
Yes

Exterior Finish

Wood
Yes

Heating

Baseboard
Yes

Roof Type

Asphalt
Yes
Composition
Yes
Shingle
Yes

Construction Type

Wood Frame
Yes

View Type

Inlet
Yes
Mountains
Yes

Foundation

Unknown - BTV
Yes

Flooring

Other
Yes

Walls

Sheetrock
Yes

Access

Dedicated Road
Yes
Maintained
Yes
Paved
Yes

Sewer

Public Sewer
Yes

Water Source

Public
Yes

Features-Commercial

DSL/Cable Available
Yes
In City Limits
Yes
Master Meter - Gas
Yes
On-Site Parking
Yes
Restroom(s)-Private
Yes
Stand Alone Unit
Yes

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

Listing Office: Real Broker Alaska
IDX
Last Updated: April - 16 - 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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