See all 13 photos
13 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$5,375,000
Est. payment /mo
44,684 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 44,684 sqft
Price per Sqft $120
MLS Listing ID 25-144
Construction Status Existing Structure
Year Built 1980
Lot Size 2.066 Acres
Acres 2.0
Source Alaska Multiple Listing Service
Property Description
Rare opportunity to acquire a 100% leased, 16-tenant multi-tenant retail center at the high-traffic corner of Arctic Blvd and W. International Airport Rd. 44,684 SF on 2.07 acres, anchored by Lucky Market and Heidi's Restaurant. Strong income growth, 3-year average NOI cap rate of 6.18% (2025 actual cap rate 8.40%). Financials available with signed NDA. Please do not disturb tenants.
Location
State AK
Area 10 - Spenard
Zoning I1 - Light Industrial
Direction Property is located on the corner of Arctic and International.
Building
Lot Size Range 2.0
New Construction No
Construction Status Existing Structure
Others
Tax ID 0092211500301
Read Less Info
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
Listed by GTK Real Estate
NEARBY SCHOOL & BUSINESS
GET MORE INFORMATION