438 E 9th Ave, Anchorage, AK 99501

Owned and formerly operated by The Salvation Army as temporary housing for homeless. 36 rooms w/bathrooms, suitable for single or double occupancy. Ideal as a Hostel or hotel within walking distance of downtwn. Zoned R-4, size of parcel would lend itself to new or remodel construction as a hotel site. Possible annexing of two additional lots @ 7,000 sf each making the parcel almost 1 acre in size. Recent MAI appraisal at $1,700,000 adjusted down to $1,250,000 to allow for cleanup and repairs.