622 11th Avenue, Fairbanks, AK 99701

$5,200,000
Property Type: Commercial Sale Square Footage: 26,000 Lot Size (sq. ft.): 30,365 Status: Active
Current Price: $5,200,000 Last Modified: 9/16/2025

Description

Investment Opportunity in the Heart of Downtown Fairbanks! Don't miss this rare chance to own a 34-unit complex ideally located in the vibrant core of downtown Fairbanks. This property has been thoughtfully maintained with recent exterior upgrades, including new roofs, fresh paint, updated decks, and improved foundation flashing, ensuring long-term durability and appeal.

Supplements: With a proven track record of strong performance, these units offer high income generation with minimal expenses. Investors will appreciate the impressive cap rate of over 8%, making this an exceptional addition to any portfolio. Whether you're looking to expand your holdings or enter the Fairbanks market with a rock-solid investment, this property checks all the boxes. Bring your investorsopportunities like this don't last long!

More Information MLS# 25-11382

Contract Info

Foreclosure/Bank Own: No Price-List: 5200000 Date-Listing: 2025-09-03 Status: Active

Location, Tax and Legal

Region: 3 - Interior & North Alaska Regions - All Borough/Census Area: 3C - Fairbanks North Star Borough Grid # (Muni Anch): N/A Tax Map #-Mat-Su: N/A Legal: Fairbanks Townsite L4-7 B116

Property Info

Realtor.com Type: Commercial Construction Status: Existing Structure Acres: 0.7 SF-Lot: 30365 Lot Area Source: Tax Authority Zoning: GC - General Commercial Type of Property: Mixed Use SF-Res: 26000

Directions and Remarks

Directions: Cushman Street, Turn Left on Tenth Ave, Property on the left, across from police station.

Exterior Finish

Other - See Remarks: 1

Heating

Baseboard: 1

Roof Type

Membrane: 1 Other: 1

Construction Type

Wood Frame - 2x4: 1

Flooring

Laminate: 1

Access

Maintained: 1

Sewer

Public Sewer: 1

Water Source

Public: 1

Location Tax and Legal

Area: 710 - North Fairbanks Street #: 622 Street Name: 11th Arterial: Avenue Closest USPS Town: Fairbanks State: AK Zip Code: 99701

Property Features

Heating: Baseboard Exterior Finish: Other - See Remarks Construction Type: Wood Frame - 2x4 Roof Type: Membrane; Other Flooring: Laminate Sewer: Public Sewer Water Source: Public Access: Maintained

Documents

Listing Office: Walden Home Group
IDX
Last Updated: September - 16 - 2025
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.