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 ...
+ Read More| Listing Id: | 26-11179 |
|---|---|
| List Price: | $3,595,000 |
| Property Type: | Commercial Sale |
| Property Sub Type: | Mixed Use |
| Status: | Active |
| Bathrooms Full: | 0 |
| Bathrooms Three Quarter: | 0 |
| Bathrooms Half: | 0 |
| Tax Annual Amount: | $7,900 |
| Lot Size Square Feet: | 50,965.2 |
| Lot Size Acres: | 1.17 |
| Waterfront?: | No |
| City: | Soldotna |
| MLS Area Major: | Kenai Peninsula Borough |
| Postal Code: | 99669 |
| Year Built: | 1958 |
| Street Number Numeric: | 3,595 |
| List Agent Full Name: | Thomas M Lucas III |
| Contract Info Em Minimum Deposit: | $30,000.00 |
| Contract Info Foreclosure Bank Own: | No |
| Co List Agent Full Name: | Tom Lucas Sr |
| Location Tax And Legal Region2: | 1 - Southcentral Alaska Region |
| Location Sp Tax Sp And Sp Legal Co Grid Sp Pound Sp Lparen Muni Sp Anch Rparen 2: | N/A |
| Lot Size Units: | Acres |
| Property Info Realtorcom Type: | Commercial |
| Property Info Construction Status: | Existing Structure |
| Property Info Building Status: | Owner Occupied |
| Property Info % Of Space Leased: | $100.00 |
| Heating?: | Yes |
| Bathrooms Total Integer: | 0 |
| Basement: | false |
| State Or Province: | AK |
| View: | City Lights, Unobstructed |
| Foundation Details: | Poured Concrete, Other |
| Building Area Total: | 17282.0 |
| Stories: | 2 |
| Lot Size Source: | Tax Authority |
| Sewer: | Public Sewer |
| Listing Contract Date: | 2026-08-31 |
| Building Name: | Undisclosed Highway Frontage |
| Roof: | Other |
| Lot Size Area: | 1.0 |
| Parcel Number: | 0000 |
| Zoning: | RMKS - See Remarks |
| Documents Change Timestamp: | 2026-08-31T13:45:27Z |
| Heating: | Natural Gas |
| Construction Materials: | Other |
| Parking Total: | 40 |
| Flooring: | See Remarks, Other |
| MLS Area Minor: | 330 - Soldotna |
| Listing Terms: | Cash, Conventional, 1031 Exchange, Lease Option, See Remarks |
| Tax Year: | 2026 |
| Water SourceWater Sp Source Co Water Sp Source: | Public |
| Primary SpacePrimary Sp Space Co Primary Sp Space: | Land, Hospitality |
| Exterior FinishExterior Sp Finish Co Exterior Sp Finish: | Stucco, Wood, Other - See Remarks |
| Roof TypeRoof Sp Type Co Roof Sp Type: | Other |
| HeatingHeating Co Heating: | Natural Gas |
| FlooringFlooring Co Flooring: | See Remarks, Other |
| DocumentsDocuments Co Documents: | Docs Posted on MLS |
| WallsWalls Co Walls: | Paneled, Sheetrock |
| Features CommercialFeatures Hyphen Commercial Co Features Hyphen Commercial: | In City Limits, Living Quarters, Stand Alone Unit, Corner Lot |
| Water Source: | Public |
| View Type: | City Lights, Unobstructed |
| Access: | Government, Maintained, Paved |
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than Alaska Wild Property by Realty ONE Group Aurora are marked with either the listing brokerage's logo or the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy.
© 2026 Alaska MLS.
Alaska MLS data last updated on October 08, 2026 01:07 PM - AKT.

IDX Services Provided by Propertybase GO d/b/a Propertybase Inc.
Property Last Updated: October 08, 2026 01:07 PM - AKT
Listing Courtesy of: Mossy Oak Properties of Alaska - Wasilla
Listing Agent: Thomas M Lucas III
907-521-5511



