11000 Old Glenn Highway
Value-Add Mixed-Use Investment Opportunity
Marketing description
Exceptional value-add mixed-use investment opportunity in the heart of Eagle River. This bank-owned portfolio property consists of approximately 13,704 square feet across five tax lots and includes 12 residential apartment units, four commercial retail spaces, and a separate warehouse/shop building with fenced yard space currently occupied by an ATV repair-related operation. The property is positioned on approximately 0.83 acres along Old Glenn Highway with excellent visibility, access, and exposure.
The asset offers substantial upside potential through lease-up, renovation, and operational repositioning. Several commercial and residential spaces are currently vacant and in the process of being cleaned out, creating an opportunity for a new owner to stabilize occupancy and improve long-term cash flow. One established commercial tenant remains in place and may be interested in a long-term lease arrangement.
The property has experienced deferred maintenance and is being offered strictly as-is. Limited historical operating information and financial records are available. This offering is best suited for investors, developers, or owner-users with experience in repositioning mixed-use assets and creating value through improvements, management, and strategic leasing.
With CE-B-3 zoning, multiple structures, five separate tax lots, and a diverse unit mix, the property presents flexibility for a variety of commercial, residential, and service-oriented uses in one of Eagle River’s established commercial corridors.
Buyer to verify all information, including square footage and condition. REO property sold as-is. Investment / reposition opportunity. Contact agent for details.
Investment highlights
Mixed-use asset with diversified income potential including 12 residential units, 4 retail/commercial spaces, and an additional warehouse/shop building with fenced yard area.
Approximately 13,704 SF situated on 0.83 acres spanning five separate tax lots with CE-B-3 General Business zoning.
Existing commercial tenant in place with potential for long-term occupancy, providing immediate income while additional vacancy creates upside opportunity.
Multiple vacant commercial and residential units currently being cleaned out and prepared for repositioning, allowing a new owner to improve occupancy and increase rental income.
Separate warehouse/shop building includes fenced outdoor storage/yard area suitable for service, contractor, automotive, or industrial-type users. Tax records identify the structure as auto/parts service use.
Prominent Old Glenn Highway frontage with strong visibility and convenient access within the Eagle River trade area.
Corner lot configuration with public utilities, paved access, and in-city location.
Bank-owned REO property offered as-is, presenting an opportunity for experienced investors, owner-users, or redevelopment-oriented buyers seeking value-add upside.
- Flexible configuration and multiple parcel layout may provide future redevelopment, expansion, or re-tenanting opportunities subject to municipal approvals and buyer due diligence.
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