627 W 3rd/Commercial Building/2 Full Commercial Kitchens

Price: $672,000

Location: Downtown Anchorage, Alaska

Industry: Hospitality

Downtown Anchorage Opportunity | Prime Location + Expansion Potential Positioned in the heart of downtown Anchorage, this well-located commercial building offers a unique opportunity to acquire a versatile property with exceptional visibility, views, and upside potential. This three-level building features two full kitchens–one on the main floor and another on the lower level making it ideal for restaurants, hospitality, event spaces, or multi-tenant use. The flexible layout allows for a variety of business concepts or a live/work conversion with income-producing potential.
Enjoy stunning views of Cook Inlet, creating a unique and memorable setting for customers, guests, or tenants. The property also includes a rear deck area with room for expansion, offering the ability to enhance outdoor seating, entertainment space, or future development (subject to approvals).

Listing Details

(Included in Price)

Real Estate: $672,000 (Included in Price)

Terms and Conditions?:

New financing

Training & Support:

N/A

Location

Type of Location: Free Standing/Downtown Location

Square Footage: 2140

Facilities Information:

This three-level building features two full kitchens-one on the main floor and another on the lower level, making it ideal for restaurants, hospitality, event spaces, or multi-tenant use. The flexible layout allows for a variety of business concepts or a live/work conversion with income-producing potential.

Summary

Historical Summary:

The previous location of the famous Marx Brothers Restaurant.

Potential Growth:

Outside desk seating on the front and back of the dining area.

Financing/Terms:

New financing.