# 507 1ST STREET, Cordova, AK 99574 > **TL;DR:** single family, $560,000 ($182/sqft), built 1915, 3,075 sqft. Est. $2,995/mo. Listed 108 days. ## Property at a Glance | Attribute | Value | |-----------|-------| | Price | $560,000 | | Price/sqft | $182 | | Square Feet | 3,075 | | Year Built | 1915 | | Lot Size | 2,614 sqft (0.06 acres) | | Property Type | Single Family (Other) | | Status | Active | | Days on Market | 108 | ## Estimated Monthly Costs | Category | Amount | |----------|--------| | Principal & Interest (20% down, 30-year at 6.5%) | $2,832 | | Estimated Insurance | $163 | | **Total** | **$2,995** | ## Property Highlights - Built in 1915 - 0.06 acre lot - 1 parking spaces ## Description ### Agent Description Prime Downtown Cordova Commercial Opportunity Rarely does a commercial property in the heart of downtown Cordova become available with this combination of location, flexibility, and recent capital improvements. Ideally situated on First Street, this well-maintained building offers exceptional potential for investors seeking reliable income, business owners planning a future headquarters, or buyers looking for a long-term redevelopment opportunity. The property is currently leased through May 2027, providing immediate cash flow while allowing a future owner ample time to plan for owner occupancy or repositioning. Whether you're expanding your investment portfolio or securing a strategic commercial location, this property offers both stability today and flexibility for tomorrow. A standout feature is the elevated seating area overlooking Cordova Harbor. These picturesque waterfront views create a welcoming atmosphere for customers, clients, or employees and are a rare amenity in the downtown commercial market. Extensive Capital Improvements (Completed in 2022) Ownership has made significant investments to modernize the building and minimize future maintenance, including: Complete electrical system upgrade Extensive interior renovations and finish improvements New commercial-grade flooring throughout Replacement windows New Toyo boiler heating system Added attic and subfloor insulation for improved energy efficiency These thoughtful upgrades significantly reduce near-term capital expenses while enhancing the building's efficiency, comfort, and long-term performance. Located in one of Cordova's most desirable commercial corridors, this property combines a proven income stream, quality improvements, outstanding harbor views, and exceptional future potential. Opportunities like this are uncommon-whether you're an investor, entrepreneur, or owner-user, this property is well-positioned to meet a variety of commercial goals. ## Location - **Address:** 507 1ST STREET, Cordova, AK 99574 - **Neighborhood:** 0N 8E - **Coordinates:** 60.545555, -145.759066 - **Google Maps:** https://www.google.com/maps?q=60.545555,-145.759066 ## Virtual Tour & Media - **Video Tour:** https://my.matterport.com/show/?m=7CzGQbafq3w ## Listing Agent - **Name:** Michael Hajworonsky - **Brokerage:** HEDGECOCK GROUP REAL ESTATE, LLC - **Broker Phone:** 9073780293 ## Photos ![507 1ST STREET - Photo 1](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f2350539358r.jpg) ![507 1ST STREET - Photo 2](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f632490839r.jpg) ![507 1ST STREET - Photo 3](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f1278455252r.jpg) ![507 1ST STREET - Photo 4](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f3911094838r.jpg) ![507 1ST STREET - Photo 5](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f2671355281r.jpg) ![507 1ST STREET - Photo 6](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f554605759r.jpg) ![507 1ST STREET - Photo 7](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f3195816313r.jpg) ![507 1ST STREET - Photo 8](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f127257045r.jpg) ![507 1ST STREET - Photo 9](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f227117525r.jpg) ![507 1ST STREET - Photo 10](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f1525682055r.jpg) ![507 1ST STREET - Photo 11](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f2082909491r.jpg) ![507 1ST STREET - Photo 12](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f3794924396r.jpg) ![507 1ST STREET - Photo 13](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f2929361546r.jpg) ![507 1ST STREET - Photo 14](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f2058272532r.jpg) ![507 1ST STREET - Photo 15](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f791009425r.jpg) ![507 1ST STREET - Photo 16](http://lh.rdcpix.com/219ebebf0b75d8c813cd20fe0413961dl-f1997225867r.jpg) --- **MLS#:** 160724 | **Updated:** 2026-10-20 **Source:** listhub *Copyright © 2026 Greater Fairbanks Board-Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.* [View on PropertySimple](https://www.propertysimple.ai/listing/507-1st-street-cordova-ak-99574-bdaa1f89a74f48c6b4d4d2b2072afc5d) --- ## Structured Data ```json { "@context": "https://schema.org", "@type": "RealEstateListing", "@id": "https://www.propertysimple.ai/listing/507-1st-street-cordova-ak-99574-bdaa1f89a74f48c6b4d4d2b2072afc5d#listing", "url": "https://www.propertysimple.ai/listing/507-1st-street-cordova-ak-99574-bdaa1f89a74f48c6b4d4d2b2072afc5d", "name": "507 1ST STREET, Cordova, AK 99574", "description": "Prime Downtown Cordova Commercial Opportunity Rarely does a commercial property in the heart of downtown Cordova become available with this combination of location, flexibility, and recent capital improvements. 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Extensive Capital Improvements (Completed in 2022) Ownership has made significant investments to modernize the building and minimize future maintenance, including: Complete electrical system upgrade Extensive interior renovations and finish improvements New commercial-grade flooring throughout Replacement windows New Toyo boiler heating system Added attic and subfloor insulation for improved energy efficiency These thoughtful upgrades significantly reduce near-term capital expenses while enhancing the building's efficiency, comfort, and long-term performance. Located in one of Cordova's most desirable commercial corridors, this property combines a proven income stream, quality improvements, outstanding harbor views, and exceptional future potential. 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