720 West 5th Avenue Listing Details & Market Data

720 W 5th Ave, Anchorage, AK 99501

  • For Sale $49,000,000
  • 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

Contacts

broker

Clayton M. Hill

Marcus & Millichap Allred Hotel Group

(206) 826-5811

Location

Getting Around

  • Walk Score ®

    Very Walkable (84)

  • Transit Score ®

    Good Transit (52)

  • Bike Score ®

    Very Bikeable (81)
Powered by Walk Score ®
  • 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

  • Solstice Bar & Grill

    0.01 miles

  • ORSO

    0.03 miles

  • Glacier Brewhouse Restaurant & Brewery

    0.04 miles

  • Uncle Joe's Pizzeria

    0.04 miles

  • Burger Jim

    0.06 miles

  • Yamaya Seafood

    0.09 miles

  • Hungry Bear Restaurant

    0.13 miles

  • Urban Greens

    0.14 miles

  • Kumaguro

    0.15 miles

  • Pangea Restaurant and Lounge

    0.15 miles

  • Chugach Optional Elementary School

    0.52 miles

  • Denali Montessori Elementary School

    0.54 miles

  • Chugach Optional Elementary School

    0.56 miles

  • Inlet View Elementary School

    0.60 miles

  • Central Middle School

    0.62 miles

  • Inlet View

    0.66 miles

  • Central Middle School of Science

    0.67 miles

  • Naqayeht'ana T'uh

    0.86 miles

  • North Star Elementary School

    1.20 miles

  • North Star Elementary

    1.23 miles

  • Children’s World Bilingual Montessori

    4.78 miles

  • Crystal Child Development Center

    5.55 miles

Contact Listing Broker

broker

Clayton M. Hill

Marcus & Millichap Allred Hotel Group

(206) 826-5811