4614 Lake Spenard (4610) DR new Save Request In-Person Tour Request Virtual Tour
Anchorage,AK 99517
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 2,108 sqft
Price per Sqft $474
MLS Listing ID 25-11070
Construction Status Existing Structure
Year Built 1952
Lot Size 2.500 Acres
Acres 2.0
Source Alaska Multiple Listing Service
Property Description
Seize a rare gem at Lake Hood Seaplane Base, the world's busiest seaplane hub! This 2.5-acre mixed-use property at 4610/4614 Lake Spenard Dr blends aviation and residential income potential in Anchorage's vibrant Spenard neighborhood. Featuring 13 private float slips, a Log House (2-bed/1.5-bath, ~1,308 sq ft), a Log Cabin (~800 sq ft studio), a Detached Garage, and a Garden Shed. Property Highlights
13 Float Slips: High-demand slips for floatplanes, rentable May-September at premium rates, capitalizing on 20+ year state waitlists. Winter storage potential on-site (subject to lease). 27
Log House: ~1,308 sq ft, 2-bed/1.5-bath home (per owner, buyer to verify), ideal for owner-occupancy or rental (~$1,870/mo market rate). Cozy, modern, with lake proximity.
Log Cabin: ~800 sq ft convertible studio or office (per owner, buyer to verify), perfect for rental (~$1,150/mo) or aviation business.
Detached Garage & Garden Shed: Additional structures for storage or potential conversion (subject to lease/zoning). Sizes TBD.
Location: Minutes from Ted Stevens Anchorage International Airport, Spenard's dining, and trails. Zoned for mixed-use, offering flexibility.
Income Potential: Estimated gross income of $84,990 ($48,750 from slips, $22,440 from Log House, $13,800 from Log Cabin). Strong 8% cap rate.
Additional Details
Lease Information: Subject to ADOT&PF ground lease ($24,480/yr land, $20,280/yr slips). Buyer to verify terms (ADA-32133) and Article III(C) reservations.
Taxes: ~$8,699/yr (2024 assessment). 10
Utilities & Maintenance: Estimated $4,000/yr insurance, $5,000/yr maintenance.
Investment Notes: High leverage potential (~90% LTV financing). Seasonal slip income offset by year-round rentals. Explore winter storage or short-term rentals for added revenue.
Why Invest?
Own a piece of Alaska's aviation legacy with robust cash flow. The scarce Lake Hood slips and desirable residential units ensure steady demand. Ideal for double escrow investors or those seeking a unique lifestyle property.
Contact: Schedule a showing to explore this one-of-a-kind opportunity! Buyer to verify square footage, lease terms, and zoning. Act now to secure Anchorage's premier aviation investment.
Location
State AK
Area 10 - Spenard
Zoning B3 - General Business
Direction From Minnesota , head southWest on Spenard Road to Wisconsin, right on Wisconsin then take first left; om Lake Spenard - property is on the right side at the lakshore.
Interior
Flooring Carpet
Exterior
View Lake
Roof Type Metal
Accessibility ,Floatplane,Maintained
Building
Lot Size Range 2.0
Sewer Public Sewer
New Construction No
Construction Status Existing Structure
Others
Tax ID Lake Spenard Park 1940 L9A-1 B2
Acceptable Financing Cash,Conventional,1031 Exchange
Listing Terms Cash,Conventional,1031 Exchange