835 Nelchina ST Anchorage, AK 99501

20,000 square foot corner lot with historic log cabin located in downtown neighborhood in Anchorage. Prime location for development. Originally two parcels that have been adjoined, lot is zoned R3 and approved for up to 20 units. If buyer were to subdivide the property back to two lots, you could build a fourplex on each one and keep the zoning residential. Property hosts sewer, gas and city water lines. Located in the Fairview Neighborhood, property is within walking distance of schools, shopping, downtown, parks, transportation, military bases and major thoroughfares. Constructed in 1946, 13 years before Alaska became a state, the cabin was one of the first residences constructed in Anchorage and has 3 bedrooms, 1 bathroom and a single car garage. Built on a solid foundation, cabin is a fixer upper, sold as is. Original copper roofing and yellow pine floors. Cabin is eligible for grants for restoration if registered with the national register of historic places.

Property is currently rented to responsible tenants.