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).
627 W 3rd/Commercial Building/2 Full Commercial Kitchens
Price: $672,000
Location: Downtown Anchorage, Alaska
Industry: Hospitality
Listing Details
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.

