423 W 5th Avenue, & 425, Anchorage, AK 99501 (MLS# 26-2699)

423 W 5th Avenue, & 425, Anchorage, AK 99501

$1,525,000
Property Type: Commercial Sale Square Footage: 10,950 Lot Size (sq. ft.): 9,750 Status: Active
Current Price: $1,525,000 Last Modified: 3/23/2026

Overview

Description

Downtown commercial sale with outstanding 5th Avenue placement. 2 parcels, 2 buildings, 1 occupied by Ginger and 1 vacant. This offers a unique scenario for both owners and occupants alike. In place cash flow from Ginger and high lease potential for the vacant space, or occupy the vacant space and keep low occupancy costs. Great area mix with 5th avenue mall, Club Paris and more!!

Listing Details MLS# 26-2699

Contract Info

Price-List
1525000
Date-Listing
2026-03-20
Foreclosure/Bank Own
No

Location Tax and Legal

Area
5 - Downtown Anchorage
Street #
423
Directional
W
Street Name
5th
Arterial
Avenue
Street Addl Info
& 425
Closest USPS Town
Anchorage
State
AK
Zip Code
99501

Property Info

Type of Property
Single Use
Realtor.com Type
Commercial
Construction Status
Existing Structure
Building Status
Leased
% of Space Leased
69
Acres
0.22
SF-Lot
9750
Lot Area Source
Owner
SF-Res
10950
Zoning
B2A - Central Business Core

Directions and Remarks

Directions
Across from 5th avenue mall. Ginger and space to the lookers right, used to be TJs Shirts.

Building Info

Building Name
Ginger / Vacant (Previous TJs Shirts)

Location, Tax and Legal

Region
1 - Southcentral Alaska Region
Borough/Census Area
1A - Anchorage Municipality
Grid # (Muni Anch)
SW1230
Tax Map #-Mat-Su
N/A
Legal
L9 & 10 B43 W25'
IDX
Listing Office: Jack White Commercial
Last Updated: March - 23 - 2026
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.

Contact Us