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Savannah Counts

savannahcounts.homes@gmail.com +1(907) 952-9965

$ 1,500,000

Est. payment -/mo

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Price Dropped by $250K

428 W 4th AVE Anchorage, AK 99501

16,856 SqFt

UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 16,856 sqft

Price per Sqft $88

MLS Listing ID 25-9615

Construction Status Existing Structure

Lot Size 6,500 Sqft

Acres 0.15

Source Alaska Multiple Listing Service

Property Description

Situated in the vibrant heart of downtown Anchorage's tourist and transit corridor, 428 W. 4th Avenue presents a unique opportunity for retailers, galleries, or office users seeking visibility and a massive amount of foot traffic. This substantial, block-constructed building currently houses the Alaska Fur Gallery and offers flexible multi-level space suitable for a variety of uses. Key Features:
" Size: ~17,100 SF across three levels
" Location: Just 50 feet east of the 4th & E Street intersectionunmatched
exposure in a high-traffic area
" Structure: Sturdy block construction with poured concrete slab foundation
" Levels:
" Ground floor: Retail
" Second floor: Retail
" Third floor: Office
" Full-size basement
" Elevator shaft in place for easy retrofitting

Building Upgrades:
" Roof: 5,700 SF re-roofed with fully adhered EPDM membrane (2016, Center
Marc Corporation)
" Heating: $300,000 upgraded heating system (installed by True North Mechanical,
2024)
" Windows: New caulking for improved efficiency
" Fire & Safety:
" Dedicated function fire alarm and sprinkler panel (Taylor Fire Protection Services,
2025)
" Fire sprinkler upgrades (Cineplex Grenell, 2004)
" Boiler: Recently replaced, no structural changes required
" Electrical:
" Full electrical retrofit (Raven Electric, 2003)
" Service panel relocation & upgrade (MPC Energy Services, 2019)
" Additional: Elevator shaft ready for install, flexible multi-use spaces, excellent
storage in basement

Location Advantages:
" Surrounded by primary tourist destinations, dining, hotels, and transportation
options
" Unparalleled signage and frontage on one of Anchorage's busiest pedestrian
corridors
" Ideal for retail, gallery, restaurant, or creative office users looking for premium
downtown real estate

Location

State AK

Area 5 - Downtown Anchorage

Zoning B2A - Central Business Core

Direction 50 feet East of the intersection of 4th and E Street.

Building

Lot Size Range 0.15

New Construction No

Construction Status Existing Structure

Others

Tax ID 0021054300001

Listed by Brandy Pennington Anchorage Real Estate

SCHOOLSPROPERTIES

Elementary Schools 17

10

Aquarian Charter School

Public | KG - 6
10

Chugach Optional Elementary School

Public | PK - 6
9

Aurora Elementary School

Public | PK - 6
9

Rogers Park Elementary School

Public | PK - 6
8

Inlet View Elementary School

Public | PK - 6
8

Family Partnership Charter School

Public | KG - 12
7

Rilke Schule Charter School

Public | KG - 8
7

Frontier Charter School

Public | KG - 12
7

Government Hill Elementary School

Public | PK - 6
5

Northwood Abc Elementary School

Public | PK - 6
5

Denali Montessori Elementary School

Public | PK - 6
5

Tudor Elementary School

Public | PK - 6
4

Willow Crest Elementary School

Public | PK - 6
3

North Star Elementary School

Public | PK - 6
2

Fairview Elementary School

Public | PK - 6
0

Anchorage Montessori School

Private | PK - 6
0

Holy Rosary Academy

Private | KG - 12

Middle Schools 5

10

Steller Secondary School

Public | 7 - 12
7

Romig Middle School

Public | 7 - 8
5

Central Middle School of Science

Public | 7 - 8
0

Avail School

Public | 6 - 12
0

The New Path High School

Public | 7 - 12

High Schools 1

6

West High School

Public | 9 - 12

School and business data provided by Attom Data.