1508 West 31st Avenue

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1508 West 31st Avenue

Anchorage, AK 99503
Asking Price
$982K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • Large commercial land parcel spanning 45,457 square feet of space.
  • Property is situated at 1508 West 31st Avenue in Anchorage.
  • The land is designated under the B3 commercial zoning classification.
  • The listing represents a direct commercial real estate acquisition opportunity.
  • Located within the central commercial hub of the Alaska region.

What's Special

This commercial land offering at 1508 West 31st Avenue provides a strategic acquisition for investors or developers seeking a foothold in the Anchorage market. Spanning 45,457 square feet of B3-zoned land, the parcel accommodates a range of commercial applications within a bustling urban environment. Anchorage serves as the economic hub of Alaska, supporting a diverse array of industries including logistics, tourism, and energy. The site benefits from its central position within the city, where proximity to major infrastructure and transit corridors facilitates efficient operations for prospective businesses. With its flexible zoning designation, this property presents a functional foundation for ground-up development or long-term site utilization in a major metropolitan center. Buyers can capitalize on this footprint to anchor their commercial presence in one of the state's primary commercial nodes.

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NOI
$80,000
Cap Rate
8.15%
DSCR
1.37
Strong
Cash-on-Cash
7.37%
Monthly Payment
$4,857.762
Annual Cash Flow
$21,706.856

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