www.crexi.com - The Commercial Real Estate Exchange
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
Subscribe to Intelligence for full access
Analyze more property details including ownership and financial history. Share advanced property insights with your clients and teams.
33176724
33176723

203 W 15th Avenue, Anchorage, AK 99501 For Sale

LC
$1,475,000
51 days on market
Updated 51 days ago
Opportunity zone

Norway Building

Details
APN 00215207000, 00215250000
Property Type Retail, Office (+1)
Sub Type Creative Office, Traditional Office (+1)
Square Footage 14,879
Units 14
Occupancy 56%
Tenancy Multi
Lease Type Gross
Price per SqFt $99
Year Built 1972
Buildings 1
Stories 2
Acreage 0.640
Zoning RO
Investment Type Value Add
Ground Lease No

Well-located downtown office property offering renovation and repositioning opportunities.

Marketing description

The Norway Building presents an opportunity to acquire a well-located office property in Downtown Anchorage at a price point that allows for future improvements and value creation. Situated on the northeast corner of W 15th Avenue and C Street, the property consists of approximately 14,879 square feet on a 0.64-acre site with on-site parking and strong street visibility.

Originally constructed in 1972, the building features a functional office layout with numerous private offices and flexible work areas that can accommodate a variety of professional, administrative, nonprofit, or service-oriented users. Buyers seeking an owner-user headquarters, investment property, or repositioning opportunity will appreciate the property's central location and adaptability.

The property is being offered as-is and presents a compelling opportunity for purchasers looking to renovate, modernize, or redevelop an established downtown asset. With RO zoning, excellent accessibility, and a prominent corner location, the Norway Building offers significant upside potential for the next owner.

Property is offered as-is. Buyer to independently verify all information and suitability for intended use.

Investment highlights

  • 14,879 SF office building situated on approximately 0.64 acres
  • Prime corner location at W 15th Avenue and C Street
  • Downtown Anchorage location with excellent visibility and access
  • RO (Residential Office) zoning
  • Existing layout includes numerous private offices and flexible workspace
  • On-site parking
  • Suitable for owner-users, investors, nonprofits, professional services firms, or redevelopment-minded buyers
  • Opportunity to renovate, reposition, or adapt the property to meet current market demands
  • Offered as-is
  • Additional floor plans, leases, and financial information available upon request

Listing Contacts

LC

Valuation Calculator

Login or Sign up to see Valuation Metrics
Sign up for Crexi to see valuation metrics for this property
$
$
%
Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$--
$--

Valuation Metrics

0
DSCR
--
Cap Rate
--
ROI

Broker Selected Comps View More Comps

Property History

Intelligence Badge

Tax History

Intelligence Badge

Similar Properties

View All

Additional Information

Name
Laura Cantrell
License
15239
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
Is there information that looks off?
For assistance, reach out to our support team at [email protected] or call 888.273.0423 . For press inquiries, contact [email protected]
Equal Housing Opportunity
5510 Lincoln Blvd #400, Los Angeles, CA 90094Commercial Real Estate Exchange, Inc.Crexi Technologies, LLCCXTechnology, LLC
© 2026 Commercial Real Estate Exchange, Inc. All Rights Reserved. DRE #02086591