Spenard mixed-use opportunity with income potential, rare parking, and a penthouse with mountain views. 1068 W Fireweed Lane is a 4-story building offering high visibility, strong accessibility, and a flexible layout for owner-users or investors. The property includes 7,705 SF of retail across two floors, a 4,300 SF basement ideal for storage, and a 1,848 SF penthouse with private balcony and expansive views. The penthouse previously generated ~$2,000/month and now presents a value-add opportunity ready for renovation. An elevator services the building, and the large on-site parking lot is a standout feature in the Spenard/Midtown area. Surrounded by a strong mix of businesses and residential density, this is a strategic opportunity with immediate usability and long-term upside.
| MLS # | 26-2966 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Days On Site | 158 |
| Listing Provided By | RMG Real Estate | Tracey L Thomas |
| SQ Feet | 13,830 |
|---|---|
| Story(s) | 2 |
| Zoning | B3 - General Business |
| Acreage | 0.52 |
| Property View | Mountain(s) |
| Heating | Forced Air |
|---|---|
| Heating Yes / No | Yes |
| Roof | Membrane |
|---|---|
| Construction Materials | Block |
| Foundation Details | Block, Slab |
| Exterior Sp Finish Co Exterior Sp Finish | Masonry, Wood |
| Sewer | Public Sewer |
|---|
| Access Co Access | Paved |
|---|
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | Hillstrand L1A |
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99503 |
| Area | 1A Anchorage Municipality |
| Subarea | Spenard |
| Listing VS Median (in 99503) | |
Price: $1,749,000 low | high Med: $2 sqft: 13,830 low | high Med: 7,744 $ / sqft: $126 low | high Med: $0 On site: 158 low | high Med: 692 | |
| State | AK |
|---|---|
| City | Anchorage |
| Zip Code | 99503 |
| Area | 1A Anchorage Municipality |
| Subarea | Spenard |
| Listing VS Median (in 99503) | |
Price: $1,749,000 low | high Med: $2 sqft: 13,830 low | high Med: 7,744 $ / sqft: $126 low | high Med: $0 On site: 158 low | high Med: 692 | |