$1,500,000

428 W 4th Avenue, Anchorage AK, 99501

Price per sqft$88.99

Property size16,856 sqft

Property typeCommercial

Listed by Brandy B Pennington with Brandy Pennington Anchorage Real Estate

Overview

Active

Listed Jul 28, 2025

Updated Jun 4

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

Additional information

MLS^® ID: 25-9615

Interior Features

Bathrooms: 0
Basement: No

Exterior Features

Lot Size: 0.15 Acres

Listing Contact:

The IDX display contains information sourced from the Alaska Multiple Listing Service, Inc. (AK MLS) as of 6/4/2026. This data is intended solely for personal, non-commercial use and is not to be utilized for any other purposes except to identify potential properties for purchase. Although the MLS data displayed is typically considered reliable, it is not guaranteed to be accurate by the MLS. Buyers are responsible for verifying the accuracy of all information and are advised to conduct their own investigations or seek professional assistance. Other sources besides the Listing Agent may have contributed to the MLS data presented. Unless expressly specified in writing, the Broker/Agent has not confirmed any information obtained from external sources. The Broker/Agent may or may not have acted as the Listing and/or Selling Agent and cannot guarantee the accuracy of property locations displayed on any map. Any compensation offers are solely made to participants of the MLS where the listing is registered.

Data last updated on 6/4/2026 at 12:17 AM UTC

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