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$ 1,245,000
Est. payment /mo
Active
637 W 3rd AVE Anchorage, AK 99501
2,425 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,425 sqft
Price per Sqft $513
MLS Listing ID 26-7331
Construction Status Existing Structure
Year Built 1935
Annual Tax Amount $9,000
Lot Size 5,122 Sqft
Acres 0.12
Source Alaska Multiple Listing Service
Property Description
Located at 637 3rd Avenue in downtown Anchorage, this distinctive property offers exceptional flexibility for investors, owner-users, or developers. Currently operating as a professional law office. Located in a highly desirable downtown location overlooking Cook Inlet, the property enjoys convenient access to restaurants, hotels, shopping, the Tony Knowles Coastal Trail, and the Port of Anchorage The property's highest and best use may be as a six-room boutique short-term rental (Airbnb or executive lodging). Its downtown location, scenic inlet views, and proximity to Anchorage's business district and visitor attractions make it well-positioned to attract both business travelers and tourists.
A thoughtfully designed conversion could create a unique hospitality property offering:
" Six private guest rooms
" Shared gathering and dining areas
" Premium nightly rental rates
" Multiple income streams from year-round tourism, business travel, cruise passengers, and seasonal
visitors
With Anchorage's limited inventory of distinctive boutique accommodations, this property presents an opportunity to capitalize on the growing demand for high-quality short-term lodging while preserving the flexibility for office or residential use.
Whether maintained as professional office space or repositioned as a boutique hospitality investment, 637 3rd Avenue represents a rare opportunity to own a highly adaptable property in one of Anchorage's most desirable downtown locations.
A thoughtfully designed conversion could create a unique hospitality property offering:
" Six private guest rooms
" Shared gathering and dining areas
" Premium nightly rental rates
" Multiple income streams from year-round tourism, business travel, cruise passengers, and seasonal
visitors
With Anchorage's limited inventory of distinctive boutique accommodations, this property presents an opportunity to capitalize on the growing demand for high-quality short-term lodging while preserving the flexibility for office or residential use.
Whether maintained as professional office space or repositioned as a boutique hospitality investment, 637 3rd Avenue represents a rare opportunity to own a highly adaptable property in one of Anchorage's most desirable downtown locations.
Location
State AK
Area 5 - Downtown Anchorage
Zoning B2C - Central Business Periphery
Direction on 3rd Avenue between F & G streets.
Interior
Flooring Carpet
Exterior
Water Access Desc Public
View Inlet
Accessibility , Paved, Maintained
Total Parking Spaces 2
Building
Lot Size Range 0.12
Sewer Public Sewer
Water Public
New Construction No
Construction Status Existing Structure
Others
Tax ID 00210749000
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