3201 Spenard Rd, Anchorage, AK 99503

Rare opportunity to acquire a 46,426 sq ft assemblage in the vibrant Spenard neighborhood. Currently three contiguous lots, this property is undergoing a short plat to remove internal boundaries and an unused utility easement, consolidating it into a single, cohesive parcel. Rezoning to B-3 is also underway, paving the way for high-density residential and mixed-use projects.Strategically located with dual access from Spenard Road and 32nd Avenue, all public utilities water, sewer, gas, and electric are 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.