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$ 3,595,000
Est. payment | /mo
17,282 SqFt
$ 3,595,000
Est. payment | /mo
17,282 SqFt
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 17,282 sqft
Price per Sqft $208
MLS Listing ID 26-11179
Construction Status Existing Structure
Year Built 1958
Annual Tax Amount $7,900
Lot Size 1.170 Acres
Acres 1.0
Source Alaska Multiple Listing Service
Property Description
Established Kenai Peninsula Commercial Investment - Real Estate, Businesses & Residential Income
Exceptional opportunity to acquire a diversified commercial investment on the Kenai Peninsula combining 17,282 square feet of commercial and residential improvements, established restaurant and sports-bar operations, two liquor licenses, three residential apartment units. PICTS NOT ACTUAL PROPERTY Combined real estate and businesses + associated land and parking in one offering.
This is an established operating property with multiple potential income streams and substantial existing improvements, offering an investor or owner-operator the opportunity to acquire both the operating businesses and the underlying real estate.
Investment Highlights
Approximately 17,282 SF of total improvements
Approximately 1.17 acres
Established full-service restaurant
Large dining and banquet/event facilities
Popular sports-bar operation
Outdoor seating and entertainment area
Two liquor licenses, subject to applicable transfer approvals
Commercial kitchen, bar, furniture, fixtures and operating equipment, subject to final asset schedule
Three residential apartment units
Two 2-bedroom apartments
One 3-bedroom apartment
Two-vehicle garage
Ample customer and business parking
Established operating history and local customer base
Real estate and operating businesses included in the offering
Business & Income Performance
The combined hospitality businesses generated Multi-million in 2025 revenue.
2025 Adjusted SDE: approximately $465,000
Weighted Normalized SDE: approximately $407,000
The three residential units provide additional rental-income potential:
Two 2-bedroom units at approximately $1,600/month each
One 3-bedroom unit at approximately $2,000/month
Potential Residential Rental Income: $5,200/month
Potential Residential Rental Income: $62,400 annually
Apartment-related operating expenses have historically been reflected within the property's operating financials; however the rental income has not been reflected in current financials.
Based upon normalized business SDE plus potential residential rental income, the property provides a combined income indication of approximately $469,500 annually before financing and buyer-specific adjustments.
Alaska LNG Growth Potential
The property is strategically located in the greater Kenai Peninsula area, within the region that could experience significant economic activity associated with the proposed Alaska LNG project and planned Nikiski LNG facilities.
If the project proceeds as currently proposed, large-scale construction, workforce requirements and associated economic activity could create increased demand for housing, restaurants, entertainment, services and other businesses throughout the Kenai/Nikiski area.
The property's combination of established hospitality operations, residential rental units, commercial improvements and substantial parking may position it to participate in potential future regional growth.
Complete Investment Offering
$3,595,000
Offering includes the real estate, established restaurant and sports-bar businesses, two liquor licenses subject to transfer approval, customary operating furniture, fixtures and equipment, residential apartment units and associated improvements.
Detailed financial statements, SDE calculations, asset schedules, property information and additional business information available to qualified prospective purchasers.
Exceptional opportunity to acquire a diversified commercial investment on the Kenai Peninsula combining 17,282 square feet of commercial and residential improvements, established restaurant and sports-bar operations, two liquor licenses, three residential apartment units. PICTS NOT ACTUAL PROPERTY Combined real estate and businesses + associated land and parking in one offering.
This is an established operating property with multiple potential income streams and substantial existing improvements, offering an investor or owner-operator the opportunity to acquire both the operating businesses and the underlying real estate.
Investment Highlights
Approximately 17,282 SF of total improvements
Approximately 1.17 acres
Established full-service restaurant
Large dining and banquet/event facilities
Popular sports-bar operation
Outdoor seating and entertainment area
Two liquor licenses, subject to applicable transfer approvals
Commercial kitchen, bar, furniture, fixtures and operating equipment, subject to final asset schedule
Three residential apartment units
Two 2-bedroom apartments
One 3-bedroom apartment
Two-vehicle garage
Ample customer and business parking
Established operating history and local customer base
Real estate and operating businesses included in the offering
Business & Income Performance
The combined hospitality businesses generated Multi-million in 2025 revenue.
2025 Adjusted SDE: approximately $465,000
Weighted Normalized SDE: approximately $407,000
The three residential units provide additional rental-income potential:
Two 2-bedroom units at approximately $1,600/month each
One 3-bedroom unit at approximately $2,000/month
Potential Residential Rental Income: $5,200/month
Potential Residential Rental Income: $62,400 annually
Apartment-related operating expenses have historically been reflected within the property's operating financials; however the rental income has not been reflected in current financials.
Based upon normalized business SDE plus potential residential rental income, the property provides a combined income indication of approximately $469,500 annually before financing and buyer-specific adjustments.
Alaska LNG Growth Potential
The property is strategically located in the greater Kenai Peninsula area, within the region that could experience significant economic activity associated with the proposed Alaska LNG project and planned Nikiski LNG facilities.
If the project proceeds as currently proposed, large-scale construction, workforce requirements and associated economic activity could create increased demand for housing, restaurants, entertainment, services and other businesses throughout the Kenai/Nikiski area.
The property's combination of established hospitality operations, residential rental units, commercial improvements and substantial parking may position it to participate in potential future regional growth.
Complete Investment Offering
$3,595,000
Offering includes the real estate, established restaurant and sports-bar businesses, two liquor licenses subject to transfer approval, customary operating furniture, fixtures and equipment, residential apartment units and associated improvements.
Detailed financial statements, SDE calculations, asset schedules, property information and additional business information available to qualified prospective purchasers.
Location
State AK
Area 330 - Soldotna
Zoning RMKS - See Remarks
Interior
Heating Natural Gas
Flooring Other, See Remarks
Exterior
Water Access Desc Public
View City Lights, Unobstructed
Roof Type Other
Accessibility , Paved, Government, Maintained
Total Parking Spaces 40
Building
Foundation Other, Poured Concrete
Lot Size Range 1.0
Sewer Public Sewer
Water Public
New Construction No
Construction Status Existing Structure
Others
Acceptable Financing See Remarks, Cash, Conventional, 1031 Exchange, Lease Option
Listing Terms See Remarks, Cash, Conventional, 1031 Exchange, Lease Option
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Listed by Mossy Oak Properties of Alaska - Wasilla
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Tim Chi
Agent License ID: 209627