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$5,800,000
413 Days Online

4360 Spenard Road
Anchorage, AK 99517

For Sale|Multi-Family|Active
County:
Listing courtesy of Matthew Vincent of Jack White Real Estate

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4360 Spenard Road4360 Spenard Road4360 Spenard Road4360 Spenard Road
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REDEVELOPMENT OPPORTUNITY!!60 unit Multifamily and 42 room hotel for sale in a package deal! The front building was built in 1984 as a drive-in hotel for commercial airlines pilots while the back building was built in 1969 as an apartment community for oil workers.This asset has great income year round. The front building suffered a fire in 2022 while the back building still operates as STRs.The main building suffered from a fire in 2022 and 17 of the 42 rooms were burn down. The remaining 25 rooms have smoke damage to be cleaned. This is a great opportunity for an investor to redevelop the 42 room hotel and continue operations of the apartment building as long term rentals.

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Listing Snapshot
Price 
$5,800,000
Days Online 
413 Days
Bedrooms 
N/A
Inside Area (SqFt) 
69,876 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.8 Acres
Year Built 
1969
MLS® Number 
23-1834
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
3 weeks agoListing updated with changes from the MLS®
3 weeks agoPrice changed to $5,800,000
8 months agoPrice changed to $6,200,000
9 months agoStatus changed to Active
a year agoStatus changed to Pending
See 1 more
General Features
Construction 
StuccoWood SidingFrame
Parking 
No CarportNo Garage
Parking Spaces 
109
Sewer 
Public Sewer
Acreage 
1.8
Water 
Public
Zoning 
B3
Property Sub Type 
Multi Family
Garage Spaces 
0
Attached Garage 
No
Interior Features
Heating 
Baseboard
Flooring 
CarpetLaminateVinyl
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Exterior Features
Roof 
Rolled/ Hot MopShingle
View 
City LightsLake
Waterfront Property 
No
Waterfront Features 
No AccessNone
Community Features
MLS Area 
1A - Anchorage Municipality
Schools
School District
Unknown
Elementary School
Lake Hood
Middle School
Romig
High School
West Anchorage

The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than eXp Realty, Inc. are marked with either the listing brokerage's logo or 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. Listing Information is updated daily. Copyright 2024 Alaska Multiple Listing Service, Inc. All Rights Reserved. Data Services Provided by Showcase IDX.

Neighborhood & Commute
Source: Walkscore
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