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    002 Sterling Hwy Soldotna, AK 99669

    Picture of Restaurants at Sterling Hwy 002, Soldotna, AK
    For Sale
    $2,850,000

    Commercial Business, Low-rise - Soldotna, AK

    Property size:
    16,635 SF
    Lot size:
    1.17 Acres
    Days on Market:
    80
    Last Refresh:
    Dec 5 at 1:06 am

    Property Features for 002 Sterling Hwy

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    900
    Rooms
    Bathroom 1, Bathroom 2, Bathroom 3, Bathroom 4, Bathroom 5
    Bathrooms
    9
    Parking features
    Garage, Garage - Attached
    Size
    16,635 SF
    Lot size
    1.17 Acres

    Building Details

    Floors in Building
    2
    Building materials
    Stucco
    Architectural style
    Other

    Mossy Oak Properties Alaska LLC (907) 357-2100

    Listing agent Tom Lucas (907) 357-2100

    Listing date Sep 17, 2025

    MLS# 11410509 Listing URL

    Copyright © 2025 My State MLS. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Landmark Restaurant & Bar with Apartments

    This 16,000 square foot building houses a landmark family restaurant and a separate bar, both popular with locals and tourists. The property includes a large dining room, a full kitchen, and two large event rooms. Additionally, there are three separate residential rental units, each with its own entrance. The property has ample parking to accommodate full use of all venues. The sale includes a valuable liquor license. The property sits on a 1.17-acre lot. The multi-million-dollar revenue presents a significant investment opportunity, potentially including living quarters if the apartments are not rented. The current staff is willing to stay on to ensure a smooth transition. The property is located in Soldotna, Alaska. The intended use of the property is for a restaurant, bar, and residential rentals. The zoning is 900. The business portion can be purchased separately for $895,000 with a lease arrangement with the owner. A lease with an option to purchase is possible.
    Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Soldotna
    County
    Kenai Peninsula
    State
    Alaska
    Longitude
    -151.071747
    Latitude
    60.479524

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    FAQs

    What type of property is this?
    Restaurant - Established restaurant, bar, and apartments with high revenue potential.
    Where is this restaurant located?
    The property is located at 002 Sterling Hwy Soldotna, AK.
    What is the asking price?
    The asking price for this property is $2,850,000.
    What are key features of this property?
    This property features: - Multi-million-dollar revenue restaurant and bar with established local and tourist customer base.; - Includes valuable liquor license.; - **16,000 Sq ft building** with large dining room, separate bar, full kitchen, and 2 large event rooms.
    (907) 357-2100
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

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    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    002 Sterling Hwy Soldotna, AK 99669
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