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Two-building, 10,080 SF flex/shop investment on a fenced 1.08-acre lot with 153 ft of Palmer-Wasilla Hwy frontage and signalized access at N Wagon Rd. Building B (6,080 SF, six bays) is 100% leased to three local tenants. Building A (±4,000 SF) is vacant and ready for an owner-user or tenant. 5.2% in-place / 9.7% stabilized cap rate. New roofs 2023. Full Offering Memorandum available upon request Second entrance off E Buckboard Rd. Building B tenants: a veterinary clinic, a sewer & drain contractor, and a logistics/shop user. Building A is a former fitness center with restrooms, showers and an overhead door. An owner-user can occupy Building A and let Building B rents cover most of the mortgage; investors can re-lease Building A at its former rent to reach the stabilized cap rate. Major upgrades 2023-2026: new roofs on both buildings, siding, insulation, electrical, gutters, paved/striped parking and renovated units. Shop bays incl. 14 ft overhead door. Unzoned, private well and septic. Please do not disturb tenants.
Property Type(s):
Commercial
| Last Updated | 10/28/2026 | Year Built | 1984 |
|---|---|---|---|
| Community | 1D - Matanuska Susitna Borough | County | Matanuska-Susitna Borough |
Additional Details
| AREA | 1D - Matanuska Susitna Borough |
|---|---|
| LOT | 1.08 acre(s) |
| LOT DIMENSIONS | 1.0 |
| STORIES | 1 |
Listing Office: Jack White Commercial
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