627 W 3rd Avenue Anchorage, AK 99501 — MLS# 26-3371

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627 W 3rd Avenue
Anchorage, AK 99501
FOR
SALE
$672,000
Active
0.12
Acres
1960
Yr. Built
MLS# 26-3371
Cumulative Days on Market: Less than 1 (since April 5th, 2026) Data provided by the MLS.

Property Description

Downtown Anchorage Opportunity | Prime Location + Expansion PotentialPositioned in the heart of downtown Anchorage, this well-located commercial building offers a unique opportunity to acquire a versatile property with exceptional visibility, views, and upside potential.This three-level building features two full kitchens--one on the main floor and another on the lower levelmaking it ideal for restaurants, hospitality, event spaces, or multi-tenant use. The flexible layout allows for a variety of business concepts or a live / work conversion with income-producing potential. Enjoy stunning views of Cook Inlet, creating a unique and memorable setting for customers, guests, or tenants. The property also includes a rear deck area with room for expansion, offering the ability to enhance outdoor seating, entertainment space, or future development (subject to approvals).

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Property Highlights

Property Type
Commercial Sale
Living Area
2,140 Sqft
Price / Sqft
$314
Acres
0.12
Year Built
1960

Location

Area
1A - Anchorage Municipality
City/Township
Anchorage
View
Inlet, Mountain(s)
Zoning
B2C
Zoning Description
Central Business Periphery

Property Details

Price
$672,000
Property Type
Commercial Sale

Building

Structure Type
Class C, Office/Retail, R
Total Area
2,140

Interior Features

Area and Spaces

Living Area
2,140 Sqft

Interior Features

Flooring
Other

Heating and Cooling

Heating Features
Baseboard

Building Details

Construction

Year Built
1960
Foundations
Unknown - BTV

Materials

Construction Materials
Frame, Wood Siding, Sheetrock
Roof
Asphalt, Composition, Shingle

Taxes

Tax

Tax (Annual)
$9,000

Heating, Cooling & Utilities

Utilities

Utilities
Cable Available
Sewer
Public Sewer
Water Source
Public

Lot

Acres
0.12
Lot Size
5,227.20
Lot Size Area Sq Ft
5,227.20
Lot Features
City Lot

Parking

Parking Features
On Site
Listed by Real Broker Alaska.
Listing Data last updated 04/06/2026 10:40 am
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Property History

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Property information last updated
Yesterday
Status Active. This is the date the listing was placed on market.
Cumulative Days on Market: Less than 1 (since April 5th, 2026) Data provided by the MLS.

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The content relating to real estate in this web site comes in part from the Internet Data eXchange (IDX) program of Alaska MLS. This information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Display of MLS data and information is usually deemed reliable but is not guaranteed accurate by the MLS. Supplied Open House Information is subject to change without notice. Buyers are responsible for verifying the accuracy of all information and should investigate the data themselves or retain appropriate professionals. Information from sources other than the Listing Broker/Agent may have been included in the MLS data. The Broker/Agent operating this web site believes the data here to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. The Broker/Agent providing the information contained herein may or may not have been the Listing and/or Selling Agent. All information is subject to change and should be independently verified.
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Listing Data last updated: 04/06/2026 10:40 am
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