120 W Bunnell Avenue, Homer, AK 99603

This offering includes the restaurant business operating as a steakhouse and tavern, along with a valuable liquor license, building improvements, and four parcels of land. The business is described as established in 1941 and positioned as one of Homer’s oldest continuously operating restaurants and taverns, serving generations of locals and visitors from the same iconic location.

The property is presented as a long-running community gathering place with a well-established track record and recognized local presence. The remarks note multiple chapters over time, referencing prior branding history and the establishment’s association with steak service and entertainment. The business and real estate are offered together, with financial information available to qualified buyers upon execution of the appropriate confidentiality agreements.

For buyers, this structure supports either continued operation of the existing steakhouse and tavern concept or a redevelopment approach that uses the included land parcels. Because the liquor license and business are part of the sale, the purchase can align well with an operator seeking immediate continuity, while the included parcels offer flexibility for future site planning. This combination of operating business, liquor license, and real property is marketed as a rare opportunity due to the depth of local goodwill described in the seller’s remarks.