About 4360 Spenard Road
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.
Features of 4360 Spenard Road
| MLS® # | 23-1834 |
|---|---|
| Price | $5,800,000 |
| Bathrooms | 0.00 |
| Square Footage | 69,876 |
| Acres | 1.00 |
| Year Built | 1969 |
| Type | Multi-Family |
| Sub-Type | Apartment Style, 5+ Units, Other - See Remarks |
| Status | Active |
Community Information
| Address | 4360 Spenard Road |
|---|---|
| Area | 10 - Spenard |
| Subdivision | Green Valley #1 TR C |
| City | Anchorage |
| State | AK |
| Zip Code | 99517 |
Amenities
| Parking Spaces | 109 |
|---|---|
| Parking | None |
| View | City Lights, Lake |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Heating | Baseboard, Natural Gas |
|---|---|
| Fireplace | No |
| Has Basement | No |
Exterior
| Roof | Shingle, Rolled/Hot Mop |
|---|---|
| Construction | Wood Frame |
School Information
| Elementary | Lake Hood |
|---|---|
| Middle | Romig |
| High | West Anchorage |
Additional Information
| Date Listed | March 1st, 2023 |
|---|---|
| Days on Market | 334 |
| Zoning | B3 - General Business |
| Foreclosure | No |
Listing Details
| Office | Jack White Real Estate |
|---|