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The Walsh-Sheppard Building offers a versatile downtown Anchorage opportunity. This two-story property is in outstanding condition with 19 private offices, six bathrooms, a conference room, kitchen, dining area and recording studio. Occupy one floor and lease the other, or explore coworking and individual office rentals. Security cameras, breezeway and balcony. Offered vacant at closing. The Walsh-Sheppard Building offers exceptional flexibility for an owner-user or investor seeking a quality commercial property in downtown Anchorage. Currently occupied but offered vacant at closing, this well-maintained two-story building provides numerous possibilities for business operations and potential rental income.With 19 private offices distributed across two levels, the property offers the opportunity to occupy one floor while leasing the other, operate a coworking or shared office facility, or rent individual offices to businesses and professionals. This flexibility allows an owner to tailor the property to their needs while potentially offsetting ownership expenses through rental income.The building features a spacious conference room suitable for meetings, presentations and group gatherings, along with a kitchen and dining area for employees and guests. Six bathrooms, including three with showers, provide additional convenience. An existing recording studio offers another potential source of rental income or a dedicated space for media production, podcasting or other creative uses.Additional amenities include a security system with cameras, an outdoor breezeway and a balcony. The building's outstanding condition and central downtown Anchorage location further enhance its appeal.Whether utilized as a company headquarters, professional office building, coworking facility or a combination of owner-occupied and leased spaces, the Walsh-Sheppard Building offers the versatility to accommodate a wide range of business needs and income-producing opportunities.
Property Type(s):
Commercial
| Last Updated | 11/2/2026 | Year Built | 1963 |
|---|---|---|---|
| Community | 1A - Anchorage Municipality | County | Anchorage Municipality |
Additional Details
| AREA | 1A - Anchorage Municipality |
|---|---|
| CONSTRUCTION | Wood Siding |
| HEAT | Baseboard, Natural Gas |
| LOT | 6970 sq ft |
| LOT DIMENSIONS | 7000.0 |
| WATER | Public |
Listing Office: Berkshire Hathaway HomeServices Alaska Realty
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 Petersburg Properties LLC are marked with either the listing brokerage’s logo or 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.
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
This IDX solution is (c) Diverse Solutions 2026.
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