1505 West 31st Avenue

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1505 West 31st Avenue

Anchorage, AK 99503
Asking Price
$338K
Asset Type
Commercial Land
Class
Class B

AI Property Summary

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

  • Commercial land parcel spanning 15,000 square feet
  • B3 general business zoning allows diverse commercial usage
  • Strategically situated within the Anchorage market area
  • Offered for sale at a price of $337,500
  • Ideal location for retail or professional office development

What's Special

Development of this 15,000 square foot commercial parcel at 1505 West 31st Avenue presents a strategic acquisition for investors or owner-users in Anchorage. Classified as B3 general business zoning, the site accommodates a wide variety of commercial operations, ranging from retail services to professional office headquarters. Its position within the central region of Anchorage benefits from the city's stable economy and vital role as a transportation and logistics hub for the state of Alaska. The property provides a blank canvas for business owners looking to establish a permanent presence in a high-activity corridor. Investors can leverage the B3 classification to secure a versatile asset capable of supporting diverse tenant profiles or expansion plans. Given the consistent demand for commercial frontage in this submarket, this land serves as a functional foundation for modern site development aimed at long-term capital appreciation.

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NOI
$80,000
Cap Rate
23.70%
DSCR
3.99
Strong
Cash-on-Cash
59.22%
Monthly Payment
$1,669.766
Annual Cash Flow
$59,962.81

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