Listed by Jack White Commercial
$850,000
4119 Laurel St
Details
Property Type Office
Sub Type Medical Office
Square Footage 3,726
Cap Rate 8.50%
Year Built 1980
Year Renovated 2006
Lot Size (SqFt) 8,747
Zoning R-OSL
Parking Spaces 13 spaces
Parking Per SqFt 3.49
Office | 8.50% CAP | 3,726 SqFt
Marketing description
For Sale
Investment highlights
- Rare opportunity to acquire a medical building and occupy in 2-years or extend the current lease for long term cash flow.
- Prime UMED District location near Providence and UAA.
- 3,726 sq ft medical office buildout with Vichy shower and spa-grade finishes.
- Recently occupied by a medical tenant on a two-year lease. Details available.
- Beautiful $400K+ renovation in 2006
- Dual street frontage with top visibility and signage from Laurel Street.
- 13 on-site parking spaces (front and rear) with potential overflow.
- ADA-compliant layout with flexible office and treatment rooms.
- R-OSL zoning allows medical or professional office use.
- Prime medical office property located in Anchorage’s UMED District along the Lake Otis Parkway corridor, surrounded by complementary medical offices and retail services with exceptional visibility and access.
- Adjacent to major medical and educational anchors including Providence Hospital, Alaska Native Medical Center, Alaska Pacific University, and the University of Alaska Anchorage.
- Rectangular 8,747 sq ft lot with 74 feet of frontage on both Laurel Street and Hickory Place, providing strong visibility, signage potential, and convenient access for patients and deliveries.
- Three-level building totaling approximately 3,485 sq ft, including a 1,209± SF main level, 1,192± SF upper level, and 1,084± SF daylight basement
- Originally built in 1980 and extensively renovated in 2006 with over $400,000 in high-quality improvements, resulting in a modern, move-in-ready medical environment
- Purpose-built medical spa design includes a Vichy shower room, hydrotherapy plumbing, and medical grade electrical, plumbing, and HVAC systems that reduce build-out costs for healthcare or lab users
- Interior features spa-quality finishes, lighting, cabinetry, and ADA-compliant ground-level access, creating a professional, high-end, and functional layout.
- Flexible floor plan blends open therapy areas with private offices, easily adaptable for medical, dental, or wellness clinics as well as professional office use.
- Site improvements include wood-frame construction, asphalt shingle roof, dual heating systems (forced air and in-floor radiant), and 13 on-site compliant parking spaces exceeding Midtown medical standards.
- Fully connected to public water, sewer, and modern communications systems supporting high-demand telehealth or equipment use.
- Zoned R-OSL (Residential Office District with Special Limitations), allowing professional office uses and compliant with existing medical operations while also enabling owner-occupant or boutique clinic options.
- Clean Phase I Environmental Assessment, minimal flood risk (FEMA Zone C), and a 10-foot utility easement along the eastern boundary with no adverse impact.
- Cap rate analysis between 8.0% and 8.5% supports strong investment performance and income stability.
- Ideal for medical practices, dental offices, specialty clinics, owner-users, or investors seeking a premium property in Anchorage’s premier medical corridor.
Listing Contacts
Listed by Jack White Commercial
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