147 Pioneer AveHomer, AK 99603

Property Details for 147 Pioneer Ave

Year built

1946

Lot size

1.00 AC

Property size (Sq ft)

15,003 SF

Property type

Other commercial real estate

APN

177-192-32

APU

17719232

Description

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.

• Alternative Use

  Use

  Valuation

  Residential

  $4,632,066

  Hospitality

  $4,242,947

  Educational

  $3,530,082

  Medical

  $3,651,487

  Retail

  $5,491,238

Location Insight

City

Homer

County

Kenai Peninsula

State

Alaska

Latitude

59.6454

Longitude

-151.542

Property Tax & Assessments

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