$721,500
$379K PRICE DROP

3201 Spenard Rd Anchorage, AK 99503

Spenard Neighborhood

Estimated payment $4,845/month

Total Views 6,686
1.07 Acres
$674,299 Price per Acre
46,609 Sq Ft Lot

Highlights

  • 1.07 Acre Lot
  • West High School Rated A
  • Fenced

About This Lot

Rare opportunity to acquire a 46,426 sq ft assemblage in the vibrant Spenard neighborhood. Recently approved for both replat and rezoning to B-3, this property now offers a single, cohesive parcel ideal for high-density residential and mixed-use development. Formerly three contiguous lots, internal boundaries and an unused utility easement have been removed, maximizing the site's potential in oneStrategically located with dual access from Spenard Road and 32nd Avenue, all public utilitieswater, sewer, gas, and electricare adjacent to the site. Inspired by the highly successful 3600 Spenard development by Cook Inlet Housing and KPB Architects, this location is ideal for a transformative project incorporating residential units with ground-floor commercial spaces.

Developers can capitalize on Anchorage's "10,000 Homes in Ten Years" initiative and recently enacted tax abatements offering up to 15 years of relief for qualifying multifamily projects of eight or more units. This property represents a unique chance to contribute significantly to the city's housing goals and enjoy attractive municipal incentives.

Don't miss this strategic investment poised for exceptional growth and community impact.

Listing Agent

Billy Hughes

Real Broker B Street License #168092 Listed on: 04/18/2025

Co-Listing Agent

Leah Santa Ana

Real Broker B Street License #222145

Property Details

Property Type

  • Land

Est. Annual Taxes

  • $12,000

Lot Details

  • 1.07 Acre Lot
  • Fenced
  • Cleared Lot
  • Property is zoned B3, General Business

Property Details

Property Type

Land

Est. Annual Taxes

$12,000

Lot Details

0

Listing Details

  • Property Sub Type: Unimproved Land
  • Prop. Type: Land
  • Lot Size Acres: 1.07
  • Road Surface Type: Paved
  • Co List Office Mls Id: 1199
  • Co List Office Phone: 907-313-8805
  • Directions: Spenard Road at the corner of 32nd
  • Special Features: None

Exterior Features

  • Fencing: Fenced
  • Lot Features: Curb & Gutters, City Lot, Multi-Family Ok, Road Service Area, Sidewalks, Storm Drain, Stub Out - Sewer, Stub Out - Water
  • Topography: Level
  • View: No
  • Waterfront Features: No Access, None
  • Waterfront: No

Utilities

  • Utilities: Elec - Adj to Site, Nat Gas - Adj Site, Pub Wtr - Adj Site, Sewer - Adj Site, Telephone - Adj Site

Lot Info

  • Land Lease Amount Frequency: Monthly
  • Current Use: Commercial
  • Lot Size Sq Ft: 46609.2
  • Mobile Dim Units: Feet
  • Zoning Description: General Business
  • Zoning: B3

Green Features

Multi Family

Tax Info

  • Tax Annual Amount: 12000
  • Tax Map Number: N/A
  • Tax Year: 2025

Map

Range of Values:

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ICE

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Average Value
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price Change Sq Ft Price
08/09/2025 08/09/25 Price Changed $721,500 -34.4% --
04/18/2025 04/18/25 For Sale $1,100,000 -- --
Source: Alaska Multiple Listing Service

Source: Alaska Multiple Listing Service

MLS Number: 25-4327

Alaska Multiple Listing Service
Alaska Anchorage Borough Anchorage 99503 Spenard

3201 Spenard Rd, Anchorage, AK

This home is located at 3201 Spenard Rd, Anchorage, AK 99503 and is currently priced at $721,500. 3201 Spenard Rd is a home located in Anchorage Municipality with nearby schools including Willow Crest Elementary School, Romig Middle School, and West High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Alaska Multiple Listing Service 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 Ten-X are marked with either the listing brokerage’s logo or 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. Copyright 2025 Alaska Multiple Listing Service, Inc. All rights reserved.

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Billy Hughes
Listing Agent
Billy Hughes
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Real Broker B Street
(907) 313-8828