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$ 1,750,000
Est. payment | /mo
16,856 SqFt
$ 1,750,000
Est. payment | /mo
16,856 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 16,856 sqft
Price per Sqft $103
MLS Listing ID 25-9615
Construction Status Existing Structure
Lot Size 6,500 Sqft
Acres 0.15
Source Alaska Multiple Listing Service
Property Description
Situated in the vibrant heart of downtown Anchorage's tourist and transit corridor, 428 W. 4th Avenue presents a unique opportunity for retailers, galleries, or office users seeking visibility and a massive amount of foot traffic. This substantial, block-constructed building currently houses the Alaska Fur Gallery and offers flexible multi-level space suitable for a variety of uses. Key Features:
" Size: ~17,100 SF across three levels
" Location: Just 50 feet east of the 4th & E Street intersectionunmatched
exposure in a high-traffic area
" Structure: Sturdy block construction with poured concrete slab foundation
" Levels:
" Ground floor: Retail
" Second floor: Retail
" Third floor: Office
" Full-size basement
" Elevator shaft in place for easy retrofitting
Building Upgrades:
" Roof: 5,700 SF re-roofed with fully adhered EPDM membrane (2016, Center
Marc Corporation)
" Heating: $300,000 upgraded heating system (installed by True North Mechanical,
2024)
" Windows: New caulking for improved efficiency
" Fire & Safety:
" Dedicated function fire alarm and sprinkler panel (Taylor Fire Protection Services,
2025)
" Fire sprinkler upgrades (Cineplex Grenell, 2004)
" Boiler: Recently replaced, no structural changes required
" Electrical:
" Full electrical retrofit (Raven Electric, 2003)
" Service panel relocation & upgrade (MPC Energy Services, 2019)
" Additional: Elevator shaft ready for install, flexible multi-use spaces, excellent
storage in basement
Location Advantages:
" Surrounded by primary tourist destinations, dining, hotels, and transportation
options
" Unparalleled signage and frontage on one of Anchorage's busiest pedestrian
corridors
" Ideal for retail, gallery, restaurant, or creative office users looking for premium
downtown real estate
" Size: ~17,100 SF across three levels
" Location: Just 50 feet east of the 4th & E Street intersectionunmatched
exposure in a high-traffic area
" Structure: Sturdy block construction with poured concrete slab foundation
" Levels:
" Ground floor: Retail
" Second floor: Retail
" Third floor: Office
" Full-size basement
" Elevator shaft in place for easy retrofitting
Building Upgrades:
" Roof: 5,700 SF re-roofed with fully adhered EPDM membrane (2016, Center
Marc Corporation)
" Heating: $300,000 upgraded heating system (installed by True North Mechanical,
2024)
" Windows: New caulking for improved efficiency
" Fire & Safety:
" Dedicated function fire alarm and sprinkler panel (Taylor Fire Protection Services,
2025)
" Fire sprinkler upgrades (Cineplex Grenell, 2004)
" Boiler: Recently replaced, no structural changes required
" Electrical:
" Full electrical retrofit (Raven Electric, 2003)
" Service panel relocation & upgrade (MPC Energy Services, 2019)
" Additional: Elevator shaft ready for install, flexible multi-use spaces, excellent
storage in basement
Location Advantages:
" Surrounded by primary tourist destinations, dining, hotels, and transportation
options
" Unparalleled signage and frontage on one of Anchorage's busiest pedestrian
corridors
" Ideal for retail, gallery, restaurant, or creative office users looking for premium
downtown real estate
Location
State AK
Area 5 - Downtown Anchorage
Zoning B2A - Central Business Core
Direction 50 feet East of the intersection of 4th and E Street.
Building
Lot Size Range 0.15
New Construction No
Construction Status Existing Structure
Others
Tax ID 0021054300001
Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved
Listed by Brandy Pennington Anchorage Real Estate