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0 Baths
2,425 sqft

$1,245,000

637 W 3rd Avenue, Anchorage AK, 99501

Price per sqft$513.40
Built in1935
Property size2,425 sqft
Property typeCommercial
Listed by Rene' C Kennicott with Real Broker Alaska

Overview

Active

Listed Jun 18, 2026

Updated 3 days ago

Located in downtown Anchorage, this distinctive property offers exceptional flexibility for investors, owner-users, or developers. Currently operating as a professional law office. Located in a highly desirable downtown location overlooking Cook Inlet, the property enjoys convenient access to restaurants, hotels, shopping, the Tony Knowles Coastal Trail, and the Port of Anchorage The property's highest and best use may be as a six-room boutique short-term rental (Airbnb or executive lodging). Its downtown location, scenic inlet views, and proximity to Anchorage's business district and visitor attractions make it well-positioned to attract both business travelers and tourists. A thoughtfully designed conversion could create a unique hospitality property offering: " Six private guest rooms " Shared gathering and dining areas " Premium nightly rental rates " Multiple income streams from year-round tourism, business travel, cruise passengers, and seasonal visitors With Anchorage's limited inventory of distinctive boutique accommodations, this property presents an opportunity to capitalize on the growing demand for high-quality short-term lodging while preserving the flexibility for office or residential use. Whether maintained as professional office space or repositioned as a boutique hospitality investment, this property represents a great opportunity to own a highly adaptable property in one of Anchorage's most desirable downtown locations.

Additional information

MLS® ID
26-7331

Interior Features

Bathrooms
0
Basement
No

Exterior Features

Lot Size
0.12 Acres

Other Property Details

Taxes
$9,000
Tax Frequency
Annually
View
Yes
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Listing Contact:  

The IDX display contains information sourced from the Alaska Multiple Listing Service, Inc. (AK MLS) as of 10/15/2026. 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.

©2026 Alaska Multiple Listing Service, Inc. (AK MLS) all rights reserved.

Data last updated on 10/15/2026 at 3:39 AM UTC

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