428 W 4th Avenue, Anchorage, AK 99501 (MLS# 25-9615)
$1,500,000
Anchorage, AK 99501
MLS# 25-9615
16856 sqft
1 / 16
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.
Details
Maps
Contract Info
Price-List: 1500000
Date-Listing: 2025-07-28
Status: Active
Foreclosure/Bank Own: No
Location Tax and Legal
Area: 5 - Downtown Anchorage
Street #: 428
Directional: W
Street Name: 4th
Arterial: Avenue
Closest USPS Town: Anchorage
State: AK
Zip Code: 99501
Property Info
Type of Property: Mixed Use
Realtor.com Type: Commercial
Construction Status: Existing Structure
Acres: 0.15
SF-Lot: 6500
Lot Area Source: Other
SF-Res: 16856
Zoning: B2A - Central Business Core
Directions and Remarks
Directions: 50 feet East of the intersection of 4th and E Street.
Property Features
Supplements
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
Listing Office: Brandy Pennington Anchorage Real Estate
Last Updated: December - 17 - 2025
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.