5320 W Parks HWY, Wasilla, AK 99623
5320 W Parks HWY, Wasilla, AK 99623
5320 W Parks HWY, Wasilla, AK 99623
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$850,000
Est. payment /mo
4,745 SqFt
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Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 4,745 sqft

Price per Sqft $179

MLS Listing ID 26-1541

Construction Status Existing Structure

Year Built 1972

Annual Tax Amount $3,236

Lot Size 3.780 Acres

Acres 3.0

Source Alaska Multiple Listing Service

Property Description

Positioned on 3.78 acres along one of the busiest stretches of the Parks Highway, this property offers exceptional visibility, multiple existing income streams, and significant upside potential. This high-exposure commercial property is already income-producing while leaving room for expansion and future development.

The site features established retail space currently occupied a lucrative, high-security storage facility offering fenced, covered, and fully enclosed options year-round. Among the property's amenities is a flexible two-bedroom upper-level unit suitable for residential use or a continued lease. Currently operating as a yoga studio, the unit provides an additional established income stream.

Owner improvements include a new roof for both buildings this spring and a secondary property entrance from Museum Drive, which has already been approved by the borough, providing improved access and long-term development flexibility. With its incredible street presence and steady traffic flow directly on the Parks Highway, the property is ideally suited for continued retail, service, or storage use, while also offering opportunities to introduce additional income streams, such as a drive-up coffee kiosk, food service, or expanded commercial operations.

This is a rare opportunity to secure prime highway frontage with existing cash flow and room to grow in one of the fastest-growing and most visible commercial corridors in Wasilla.

Location

State AK

Area Wa - Wasilla

Zoning UNZ - Not Zoned-all MSB but Palmer/Wasilla/Houston

Direction Mile 47 Parks Hwy, near the corner of Museum Dr.

Interior

Heating Floor Furnace, Natural Gas, See Remarks

Flooring Slab

Exterior

View Mountains

Roof Type Metal,Shingle,Membrane

Accessibility , Paved

Building

Foundation Slab

Lot Size Range 3.0

Sewer Septic Tank

New Construction No

Construction Status Existing Structure

Others

Tax ID 17N02W11A013

Acceptable Financing See Remarks, Cash, Conventional, Owner Finance

Listing Terms See Remarks, Cash, Conventional, Owner Finance


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Alaska MLS
Listed by Keller Williams Realty Alaska Group of Wasilla

Nearby Locations

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Celia Buzek

Celia Buzek

+1(907) 982-1928

Realtor | License ID: 194599

Realtor License ID: 194599

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