- 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
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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
False
Contacts
Location
Getting Around
-
Walk Score ®
84/100
Very Walkable
-
Transit Score ®
52/100
Good Transit
-
Bike Score ®
81/100
Very Bikeable
- City Anchorage, AK
- Neighborhood Downtown Anchorage
- Zip Code 99501
- Market Anchorage
Points of Interest
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Anchorage
0.36 miles
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Anchorage Airport
4.08 miles
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Holiday
1.40 miles
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Chevron Denali Express
1.65 miles
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AAFES Gas Station
2.14 miles
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Chevron
2.16 miles
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Holiday
2.23 miles
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Carrs: Safeway 0520 Fuel Station
2.64 miles
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Mountain View Shell
2.82 miles
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Tesoro
3.01 miles
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Holiday
3.46 miles
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Tesoro
3.94 miles
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Diamond Parking
0.03 miles
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Transit Center
0.07 miles
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Susitna
0.11 miles
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City Hall
0.12 miles
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Diamond Parking 4th & I
0.12 miles
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Linny Pacillo Parking Garage
0.15 miles
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Captain Cook Parking Garage
0.21 miles
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JC Penney Parking Garage
0.21 miles
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Chinook
0.26 miles
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Coho
0.27 miles
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Westmark Anchorage
0.01 miles
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Bent Prop Inn & Hostel Downtown
0.15 miles
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Hotel Captain Cook
0.16 miles
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Marriott Anchorage Downtown
0.16 miles
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Historic Anchorage Hotel
0.18 miles
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Hilton Anchorage
0.20 miles
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Copper Whale Inn
0.27 miles
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Anchorage Grand Hotel
0.27 miles
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Four Points by Sheraton Anchorage Downtown
0.31 miles
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Aviator Hotel Anchorage
0.34 miles
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Solstice Bar & Grill
0.01 miles
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ORSO
0.03 miles
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Glacier Brewhouse Restaurant & Brewery
0.04 miles
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Uncle Joe's Pizzeria
0.04 miles
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Burger Jim
0.06 miles
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Yamaya Seafood
0.09 miles
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Hungry Bear Restaurant
0.13 miles
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Urban Greens
0.14 miles
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Kumaguro
0.15 miles
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Pangea Restaurant and Lounge
0.15 miles
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Chugach Optional Elementary School
0.52 miles
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Denali Montessori Elementary School
0.54 miles
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Chugach Optional Elementary School
0.56 miles
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Inlet View Elementary School
0.60 miles
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Central Middle School
0.62 miles
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Inlet View
0.66 miles
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Central Middle School of Science
0.67 miles
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Naqayeht'ana T'uh
0.86 miles
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North Star Elementary School
1.20 miles
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North Star Elementary
1.23 miles
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Children’s World Bilingual Montessori
4.78 miles
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Crystal Child Development Center
5.55 miles
Frequently Asked Questions
What is the lease rate for 720 West 5th Avenue?
Rental asking rate at 720 West 5th Avenue is $24,500,000.00/YR.
What is the total square footage of 720 West 5th Avenue?
720 West 5th Avenue totals 12,670 square feet.
When was this property built?
720 West 5th Avenue was built in 1977.
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