$949,999

Seize a rare gem at Lake Hood Seaplane Base, the world's busiest seaplane hub! This 2.5-acre mixed-use property at 4610/4614 Lake Spenard Dr blends aviation and residential income potential in Anchorage's vibrant Spenard neighborhood. Featuring 13 private float slips, a Log House (2-bed/1.5-bath, ~1,308 sq ft), a Log Cabin (~800 sq ft studio), a Detached Garage, and a Garden Shed. Property Highlights 13 Float Slips: High-demand slips for floatplanes, rentable May-September at premium rates, capitalizing on 20+ year state waitlists. Winter storage potential on-site (subject to lease). 27 Log House: ~1,308 sq ft, 2-bed/1.5-bath home (per owner, buyer to verify), ideal for owner-occupancy or rental (~$1,870/mo market rate). Cozy, modern, with lake proximity. Log Cabin: ~800 sq ft convertible studio or office (per owner, buyer to verify), perfect for rental (~$1,150/mo) or aviation business. Detached Garage & Garden Shed: Additional structures for storage or potential conversion (subject to lease/zoning). Sizes TBD. Location: Minutes from Ted Stevens Anchorage International Airport, Spenard's dining, and trails. Zoned for mixed-use, offering flexibility. Income Potential: Estimated gross income of $84,990 ($48,750 from slips, $22,440 from Log House, $13,800 from Log Cabin). Strong 8% cap rate. Additional Details Lease Information: Subject to ADOT&PF ground lease ($24,480/yr land, $20,280/yr slips). Buyer to verify terms (ADA-32133) and Article III(C) reservations. Taxes: ~$8,699/yr (2024 assessment). 10 Utilities & Maintenance: Estimated $4,000/yr insurance, $5,000/yr maintenance. Investment Notes: High leverage potential (~90% LTV financing). Seasonal slip income offset by year-round rentals. Explore winter storage or short-term rentals for added revenue. Why Invest? Own a piece of Alaska's aviation legacy with robust cash flow. The scarce Lake Hood slips and desirable residential units ensure steady demand. Ideal for double escrow investors or those seeking a unique lifestyle property. Contact: Schedule a showing to explore this one-of-a-kind opportunity! Buyer to verify square footage, lease terms, and zoning. Act now to secure Anchorage's premier aviation investment.