Established Business with Motel
For Sale
$1,650,000
51815 Kenai Spur Hwy Nikiski/North, Kenai, AK 99635
Tavern, liquor store, and motel business for sale.
Property Size5,934 SF
Price / SF$278.06
Days on Market141
Property Features for 51815 Kenai Spur Hwy Nikiski/North
General Information
Standard status
Active
Size
5,934 SF
Listing Agency:
Jack White Real Estate Kenai
Listed By:
Fred Braun · License #LIC.#14729
(907) 252-8375
Source:
Kachemakgrouprealestate
Added: May 21
Changed: Oct 4
Last Checked: Oct 7 at 5:17PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Jack White Real Estate Kenai
Investment Insights
Based on property information with market context.
This established business, operating since 1965, includes a tavern with an outside smoking building, a beverage dispensary liquor license, and a package liquor license. The property also features a full-service liquor store and a newer two-story motel with 10 units and an on-site laundry unit. This commercial real estate opportunity is located on the Kenai Spur Highway.
Key Highlights
- Established business since 1965
- Includes Tavern, Liquor Store, and Motel
- Beverage dispensary and package liquor license included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$118,222
Cap Rate
7.16%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,364,440
$2.4M
Cap Rate 7%
$1,688,886
$1.7M
Cap Rate 9%
$1,313,578
$1.3M
Market Conditions
NOI Build-Up for 5,934 SF
Gross rent
$166.6K $28.08/SF
− Vacancy
−$9.0K −$1.52/SF
EGI
$157.6K $26.56/SF
− OpEx
−$39.4K −$6.64/SF
NOI
$118.2K $19.92/SF
Area
Kenai Peninsula County, AK
Vacancy
5.40%
Lease Rate
$28.08 /SF/Yr
Expense Ratio
25.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$2,364,440
Cap Rate 7%
$1,688,886
Cap Rate 9%
$1,313,578
Alternative Uses
Best Use
Specialty Retail
$1.69M
$1.48M – $1.97M
NOI $118,222 @ 7.0% cap · market cap 7.16%
Second Best
Hotel Hospitality
$652.3K
$570.8K – $761.0K
NOI $45,662 @ 7.0% cap · market cap 2.77%
Theoretical Best
Multifamily LT 5
$41.16M
$36.01M – $48.01M
NOI $2,880,886 @ 7.0% cap · market cap 174.60%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Location Intelligence
Demographics for 99635, AK
24
Population
54
Households
0.4
Avg Household Size
54
Median Age
91%
High-School Grad
4,904.9 sq mi
ZIP Area
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Retail in West region
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Frequently Asked Questions
What type of property is this?
Motel - Tavern, liquor store, and motel business for sale.
Where is this motel located?
The property is located at 51815 Kenai Spur Hwy Nikiski/North Kenai, AK.
What is the asking price?
The asking price for this property is $1,650,000.
What are key features of this property?
This property features: Established business since 1965; Includes Tavern, Liquor Store, and Motel; Beverage dispensary and package liquor license included
