725 Sterling HwyHomer, AK 99603

  • Commercial real estate
  • 1,340 SF
For Sale
$925,000 View listing

Property Details for 725 Sterling Hwy

Year built
2014
Lot size
1.66 AC
Property size (Sq ft)
1,340 SF
Property type
Commercial real estate
APN
175-100-71
APU
17510071

Description

This exceptional commercial property, located at 725 Sterling Highway in Homer, Alaska, presents a unique investment opportunity. The 1.66-acre lot offers a prime location in the Gateway District, providing unparalleled visibility to thousands of tourists during peak summer months and consistent local traffic year-round. The existing restaurant structure features a convenient drive-thru, enhancing operational efficiency and customer convenience. The property boasts breathtaking, 180-degree views of Kachemak Bay, showcasing majestic mountains, serene glaciers, and the iconic Homer Spit. This stunning backdrop creates an unforgettable dining experience, attracting both tourists and locals. The property's versatility allows for potential expansion, capitalizing on the high-traffic location and the area's thriving culinary scene. The asking price is $925,000. This is an exceptional opportunity for a culinary entrepreneur to establish or expand a successful restaurant business in a highly desirable location within Kenai Peninsula Borough, Alaska, zip code 99603. The property is zoned for commercial use and offers significant potential for growth and profitability. The unique combination of a prime location, stunning views, and existing infrastructure makes this a truly remarkable investment opportunity.

Location Insight

City
Homer
County
Kenai Peninsula
State
Alaska
Latitude
59.6416
Longitude
-151.562

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$4,173
$129,600
$252,500
$382,100
-
$129,600
$252,500
$382,100

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