




0 Baths
4,745 sqft
$1,000,000
5320 W Parks Highway, Wasilla AK, 99623
Price per sqft$210.75
Built in1972
Property size4,745 sqft
Property typeCommercial
Overview
Active
Listed Feb 19, 2026
Updated Feb 20
Positioned on 3.78 acres along one of the busiest stretches of the Parks Highway, this property offers exceptional visibility, multiple existing income streams, and significant upside potential. This high-exposure commercial property is already income-producing while leaving room for expansion and future development.
The site features established retail space currently occupied a lucrative, high-security storage facility offering fenced, covered, and fully enclosed options year-round. Among the property's amenities is a flexible two-bedroom upper-level unit suitable for residential use or a continued lease. Currently operating as a yoga studio, the unit provides an additional established income stream.
Owner improvements include a new roof for both buildings this spring and a secondary property entrance from Museum Drive, which has already been approved by the borough, providing improved access and long-term development flexibility. With its incredible street presence and steady traffic flow directly on the Parks Highway, the property is ideally suited for continued retail, service, or storage use, while also offering opportunities to introduce additional income streams, such as a drive-up coffee kiosk, food service, or expanded commercial operations.
This is a rare opportunity to secure prime highway frontage with existing cash flow and room to grow in one of the fastest-growing and most visible commercial corridors in Wasilla.
Additional information
- MLS® ID
- 26-1541
Interior Features
- Bathrooms
- 0
Exterior Features
- Lot Size
- 3 Acres
Other Property Details
- Taxes
- $3,237
- Tax Frequency
- Annually
Courtesy of RE/MAX Dynamic Properties
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Listing Data Updated as of 2/20/2026