002 Sterling Highway, Soldotna, AK 99669

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Not actual property
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$2,850,000
Active for Sale
 
Listing ID 11410509
Property Type Commercial Business
Commercial Type FOOD SERVICE, Restaurant, Bar, Residential/Multifamily, Commercial, Residential Income
County Kenai Peninsula
FEMA Flood Map fema.gov/portal
   
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LANDMARK Family Restaurant & Separate Bar + 3 Rental Apartments

LANDMARK Family Restaurant & Separate Bar. This restaurant is a favorite of locals throughout the year and also has a tremendous influx of seasonal tourist traffic. The 16,000 Sq ft building includes large dining room, separate bar, full kitchen, 2 large event rooms and 3 separate residential rental units with their own entrance. There is plenty of parking to accommodate full use of the venues. Valuable liquor license goes with the sale. Multi-million-dollar revenue will make a great investment opportunity with living quarters if you don't rent out the apartments. Long time staff would stay on to make a smooth transition. NOTE: BUSINESS PORTION ONLY CAN BE PURCHASED FOR $895,000 with lease arrangement with owner. Possible Lease with Option to Purchase NOTE: undisclosed location and business name "Confidential Statement" needed to share further information with qualified buyers. Contact Tom Luca to request a NDA. NOTE: PICTURES DO NOT ILLISTRATE ACTUAL PROPERTY
Property Details
  • 4 Full Baths
  • 5 Half Baths
  • 16635 SF
  • 1.17 Acres
  • 2 Stories
  • Available 1/31/2025
Unit Information
Unit #1 – Commercial, Bedrooms: 4, Full Baths: 4
Exterior Features
  • Frame Construction
  • Stucco Siding
  • Masonry Siding
  • Tar Roof
  • Attached Garage
  • 2 Garage Spaces
  • Municipal Water
  • Municipal Sewer
Community Details
  • Low-rise (Bldg. Style)
Commercial Info
  • Monthly Price Sq Ft: 0.00
  • Annual Price Sq Ft: 0.00
  • Not Disclosed (Business Name)
  • Uses: Restaurant & Bar
  • 25 Parking Spaces
  • 11% Cap. Rate
Income/Expenses
  • Gross Income $2,100,000
  • Net Income $370,000
  • Total Exp $1,730,000
Listed By
Mossy Oak Properties Alaska LLC
Office: 907-357-5100
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