720 West 5th Avenue

For Sale

720 W 5th Ave, Anchorage, AK 99501

This Anchorage property for sale is located at 720 W 5th Ave. The current listed sale price for 720 West 5th Avenue is $49,000,000. 720 West 5th Avenue is situated on a lot that is 0.14 acre in size.

Contacts

broker

Clayton M. Hill

Marcus & Millichap Allred Hotel Group

(206) 826-5811

Property Details

  • Property Type Other
  • Property Size 12,670 SF
  • Lot Size 0.14 Acre
  • Year Built 1977
  • Date Updated Apr 8, 2024
Marcus & Millichap has been chosen to exclusively market for sale 720 West 5th Avenue, a 200-key hotel building located in the heart of Downtown Anchorage, Alaska.Marcus & Millichap has been chosen to exclusively market for sale 720 West 5th Avenue, a 200-key hotel building located in the heart of Downtown Anchorage, Alaska.

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Highlights

  • Well-Appointed Thirteen-Story Hotel Centrally Located in Downtown Anchorage, Alaska
  • Property can Remain Independent or be Converted to a Franchise - visit Deal Room for Potential Brands
  • Anchorage is One of the Top Lodging Markets in the Country in Terms of RevPAR Growth
  • High Barriers to Entry in the Downtown Anchorage Market
  • Offered Below Replacement Cost
  • Ideally Located off of Highway 1, Near Several Businesses
  • Nearby Attractions Include Anchorage Museum, Captain Cook Monument, Alaska Center for Performing Arts, Alaska Zoo and More
  • 2 Miles to the Port of Alaska, the State's Primary Inbound-Cargo Port
  • Minutes to Ted Stevens Anchorage International Airport and Joint Base Elmendorf-Richardson
  • 3 Miles to University of Alaska Anchorage

Getting around

  • 84/100

    Walk Score ®

  • 52/100

    Transit Score ®

  • 81/100

    Bike Score ®

Powered by Walk Score ®

Location

  • City Anchorage, AK
  • Neighborhood Downtown Anchorage
  • Zip Code 99501
  • Market Anchorage

Points of Interest

  • Anchorage

    0.36 miles

  • Anchorage Airport

    4.08 miles

  • Holiday

    1.40 miles

  • Chevron Denali Express

    1.65 miles

  • AAFES Gas Station

    2.14 miles

  • Chevron

    2.16 miles

  • Holiday

    2.23 miles

  • Carrs: Safeway 0520 Fuel Station

    2.64 miles

  • Mountain View Shell

    2.82 miles

  • Tesoro

    3.01 miles

  • Holiday

    3.46 miles

  • Tesoro

    3.94 miles

  • Diamond Parking

    0.03 miles

  • Transit Center

    0.07 miles

  • Susitna

    0.11 miles

  • City Hall

    0.12 miles

  • Diamond Parking 4th & I

    0.12 miles

  • Linny Pacillo Parking Garage

    0.15 miles

  • Captain Cook Parking Garage

    0.21 miles

  • JC Penney Parking Garage

    0.21 miles

  • Chinook

    0.26 miles

  • Coho

    0.27 miles

  • Westmark Anchorage

    0.01 miles

  • Bent Prop Inn & Hostel Downtown

    0.15 miles

  • Hotel Captain Cook

    0.16 miles

  • Marriott Anchorage Downtown

    0.16 miles

  • Historic Anchorage Hotel

    0.18 miles

  • Hilton Anchorage

    0.20 miles

  • Copper Whale Inn

    0.27 miles

  • Anchorage Grand Hotel

    0.27 miles

  • Four Points by Sheraton Anchorage Downtown

    0.31 miles

  • Aviator Hotel Anchorage

    0.34 miles

  • Glacier Brewhouse

    0.04 miles

  • JCPenney

    0.19 miles

  • Anchorage 5th Avenue Mall

    0.24 miles

  • New Sagaya City Market

    0.56 miles

  • Safeway

    0.99 miles

  • The New Central Market

    1.48 miles

  • Oriental Shopping Center

    1.53 miles

  • Northern Lights Mall

    1.63 miles

  • Carrs

    1.73 miles

  • Midtown Mall

    1.78 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Clayton M. Hill

Marcus & Millichap Allred Hotel Group

(206) 826-5811