For Sale
$2,000,000

147 Pioneer AveHomer, AK 99603

33-Room Hotel, High Occupancy, Redevelopment Potential

Overview

Added:
Feb 3
Days on market:
59
This exceptional 15,003 square foot hotel presents a unique investment opportunity in the vibrant town of Homer, Alaska. Situated on a one-acre lot at 147 E Pioneer Avenue, this renowned 33-room establishment boasts a prime location within easy walking distance of Homer's most popular restaurants, bars, and art galleries. The hotel's strong occupancy rates and consistently excellent guest reviews demonstrate its established success and appeal to a wide range of travelers. The property's current performance provides a solid foundation for future growth, while the significant redevelopment potential offers exciting prospects for increasing revenue streams and maximizing return on investment. This presents a rare chance to acquire a well-established business with significant upside in a desirable Alaskan tourist destination. The substantial size of the property, combined with its central location and proven track record, makes this an attractive proposition for both seasoned investors and those seeking a lucrative venture in the hospitality sector. The existing infrastructure and strong reputation provide a solid base for expansion or renovation, allowing for the implementation of innovative strategies to further enhance the hotel's profitability and market position. This is a truly exceptional opportunity to own a piece of Homer's thriving tourism industry.

Property Details for 147 Pioneer Ave

Property type
Square Feet
15,003 SF
Lot Size (sq. ft)
43,560 SF

Location Insight

City
Homer
County
Kenai Peninsula Borough
State
Alaska
Latitude
59.64539
Longitude
-151.5422
147 Pioneer Ave, Homer, Alaska

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147 Pioneer Ave
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