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4614 Lake Spenard (4610) DR Anchorage, AK 99517
2,108 SqFt
UPDATED:
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
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
