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$ 1,628,500
Est. payment | /mo
10,080 SqFt
$ 1,628,500
Est. payment | /mo
10,080 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 10,080 sqft
Price per Sqft $161
MLS Listing ID 26-13600
Construction Status Existing Structure
Year Built 1984
Lot Size 1.080 Acres
Acres 1.0
Source Alaska Multiple Listing Service
Property Description
Two-building, 10,080 SF flex/shop investment on a fenced 1.08-acre lot with 153 ft of Palmer-Wasilla Hwy frontage and signalized access at N Wagon Rd. Building B (6,080 SF, six bays) is 100% leased to three local tenants. Building A (±4,000 SF) is vacant and ready for an owner-user or tenant. 5.2% in-place / 9.7% stabilized cap rate. New roofs 2023. Full Offering Memorandum available upon request Second entrance off E Buckboard Rd. Building B tenants: a veterinary clinic, a sewer & drain contractor, and a logistics/shop user. Building A is a former fitness center with restrooms, showers and an overhead door. An owner-user can occupy Building A and let Building B rents cover most of the mortgage; investors can re-lease Building A at its former rent to reach the stabilized cap rate. Major upgrades 2023-2026: new roofs on both buildings, siding, insulation, electrical, gutters, paved/striped parking and renovated units. Shop bays incl. 14 ft overhead door. Unzoned, private well and septic. Please do not disturb tenants.
Location
State AK
Area Pa - Palmer
Zoning UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston
Direction Palmer Wasilla Hwy to N Wagon Road. Turn South at the stop light. Access to Bldg A is on he left, access to Bldg B is off E Buckboard Circle. Maps works for this property.
Building
Lot Size Range 1.0
New Construction No
Construction Status Existing Structure
Others
Tax ID 2488B03L002
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
Listed by Jack White Commercial
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