42706 Old Sterling Highway,Anchor Point, AK 99556
Anchor Point, AK 99556
Description
ABSOLUTE ONLINE AUCTION - SELLING REGARDLESS OF PRICE! Alaskan Land Development Opportunity - BIDDING ENDS AUGUST 27TH Positioned on 9.09± acres along the highly traveled Old Sterling Highway, the Alaskan Land Development Opportunity presents a rare chance to acquire and complete a large-scale residential housing development in one of Alaska's most supply-constrained markets. Designed to meet the increasing demand for workforce and affordable housing throughout the southern Kenai Peninsula, this partially completed project offers investors the chance to finish construction according to their own vision while creating a significant long-term income-producing asset. The development consists of six duplex-style buildings totaling 12 residential units, each thoughtfully designed with three bedrooms, one oversized bathroom, a full kitchen, and comfortable living space. In addition, the property includes three separate bunkhouse-style buildings that, once completed, will accommodate up to 48 occupants, creating exceptional flexibility for employee housing, seasonal lodging, or short-term rental opportunities. The campus was originally planned to support Alaska's expanding workforce across industries including commercial fishing, oil and gas, construction, tourism, healthcare, and other seasonal employment sectors. As housing shortages continue throughout the region, investors have the opportunity to complete a project that addresses a growing market need while creating multiple revenue streams from one strategically located property. With excellent highway frontage, private access, scalable infrastructure, and room for future growth, this development offers the foundation for a highly desirable housing investment in one of Alaska's strongest rental markets. Visit J. P. King Auction Company's website for more details.
Details
| MLS # | 25-7227 |
|---|---|
| Listing Type | For Sale |
| Style | House |
| Sub-Type | Resale |
| Status | Active |
| Year | 2023 |
| Days On Site | 437 |
| Listing Provided By | Coastal Realty | Allison Trimble Paparoa |
Features
| Bed(s) | 36 |
|---|---|
| Bath(s) | 12 Total |
| SQ Feet | 21,798 |
| Zoning | UNZ - Not Zoned |
| Acreage | 9.09 |
Interior
| Rooms Total | 0 |
|---|---|
| Heating | Other |
| Heating Yes / No | Yes |
Exterior
| Construction Materials | Modular |
|---|---|
| Foundation Details | Other |
Parking
| Parking Features | None |
|---|---|
| Carport Sp Type Co Carport Sp Type | None |
Utilities
| Sewer | Septic Tank |
|---|
Taxes
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | T5SR14WSEC 29 & 32 |
Area Information
| State | AK |
|---|---|
| City | Anchor Point |
| Zip Code | 99556 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Anchor Point to Homer |
| School District | Homer |
| Elementary School | Chapman |
| High School | Homer |
| Listing VS Median (in 99556) | |
Price: $999,000 low | high Med: $377,500 sqft: 21,798 low | high Med: 1,792 $ / sqft: $46 low | high Med: $332 On site: 437 low | high Med: 178.5 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Anchor Point |
| Zip Code | 99556 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Anchor Point to Homer |
| School District | Homer |
| Elementary School | Chapman |
| High School | Homer |
| Listing VS Median (in 99556) | |
Price: $999,000 low | high Med: $377,500 sqft: 21,798 low | high Med: 1,792 $ / sqft: $46 low | high Med: $332 On site: 437 low | high Med: 178.5 | |