1 / 9$3,800,000
Originally $3,950,000
000 Emerald Hills
Anchorage AK 99502
Real Estate Brokers of Alaska
0
Bathrooms
MLS# 25-595· Listed Jan 20, 2025
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6.2-acre parcel of land at the northeast corner of West Dimond Blvd and Arlene St. Total frontage is 1,050 linear feet on streets with total average daily traffic counts of nearly 30,000 vehicles per day. The site is directly west of Emerald Hills Park, Campbell creek and the Campbell Creek Trail bike and south of Dimond High School. R3A Mixed-use commercial & residential allows for 200+ Units. Prime 6.25-Acre Development Opportunity in Anchorage! Major changes have been made recently in Anchorage code to significantly reduce the red tape to develop and promote building housing in Anchorage! This lot lies in the Transportation Corridor which permits property tax abatement on building improvements for up to 28 years!!!! Coupled with the suspension of design standard and you have massive potential to build one of Anchorages greatest real estate developments in decades. Unlock the potential of a 6.25-acre urban haven at the northeast corner of Dimond Boulevard and Arlene Street. Nestled at the gateway to Emerald Hills, this property offers breathtaking vistas, unparalleled exposure, and limitless possibilities for residential, commercial, or mixed-use development. Unmatched Views & Prime Location: Overlooking Emerald Hills Park, Campbell Creek, and Moose's Loop Trail with unobstructed views of the majestic Chugach Mountains. Walkable Convenience: Just steps from Fred Meyer, Dimond High School, Chinook Elementary, and Campbell Lake. Zoning Flexibility for Your Vision: R3A zoning allows: Over 200 residential units can be built on site. Up to 33% of the gross floor area for commercial use. Flexible configurations: Integrate commercial and residential spaces within the same building or as standalone structures. Unparalleled Exposure: 465 feet of frontage on Dimond Blvd for commercial development. Traffic volumes averaging 18,000-22,000 vehicles daily. Development-Ready: Soil tests complete. Flexible building codes permit structures up to 40 feet tall for mixed-use projects, high density residential, and alternative parking options. This rare combination of strategic location, zoning flexibility, and stunning views makes Emerald Hills Lot 6 the ultimate blank canvas for a visionary developer.
Documents & insights
19 documents from current & prior listings · parcel #0123518800001.
Summary of 19 documents from this property's current and prior listings. 5 items worth reviewing, plus 5 additional facts captured.
What the seller reported about utilities
The seller indicates that public sewer, public water, electricity, and natural gas are adjacent to the site. It is noted that Juliana St would need to be upgraded for full development and that utilities will require payment to hook up to buildings.
Source: Seller Disclosure · Current listing
Reflects the prior owner's usage and providers. Your costs may vary.
A sample of what's in the documents
Disclosure listed a known issue
The Prop Disclosure notes this item as a known issue. Exact wording from the document is quoted below.
Juliana St would need to be upgraded for full developmentView source — Prop Disclosure
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Documents on this listing
Documents from prior listings(11) · sign in to open
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Disclosure timeline
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Property Details
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Price & Status History
* Alaska is a non-disclosure state. Prices shown are listed asking prices, not recorded sale prices.
Listed by: Kevin B Cross · Real Estate Brokers of Alaska
© 2026 Alaska Multiple Listing Service, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Listing information is deemed reliable but not guaranteed accurate by the MLS or Better Homes and Gardens Real Estate Dream Makers. Data last updated May 2026.
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Mortgage Estimate
$22,753/mo
$3,420,000 loan · 30yr · 7.0%
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