Restaurant with Living
For Sale
$345,000
15915 Sterling Highway, Ninilchik, AK 99639
Business Opportunity, Ninilchik, AK
Property Size3,162 SF
Lot Size0.87 Acres
Price / SF$109.11
Days on Market148
Property Features for 15915 Sterling Highway
General Information
Property type
Commercial Sale
Property subtype
Other
Zoning
COM - Commercial (Unoffic
Parking
15
Directions
This is known as the Roscos Pizza building and is located at Mile Marker 134.5 of the Sterling Highway. Rosco's is next to Three Bears Grocery and the Shell gas station in Ninilchik.
Subdivision
1B - Kenai Peninsula Borough
Standard status
Active
APN
15715035
Size
3,162 SF
Lot size
0.87 Acres
Taxes and HOA fees
Tax Year
2025
Tax Description
Ski Hill 1991 Addn L6 B1
Tax Annual Amount
1828
Legal Description
Ski Hill 1991 Addn L6 B1
Utilities
Sewer type
Septic Tank
Heating system
Radiant, Natural Gas
Water source
Well, Private
Building Details
Year built
1994
Flooring type
Concrete, Laminate, Carpet
Building materials
Wood Frame - 2x6
Roof type
Metal
Listing Agency:
EXP Realty, LLC
(907) 519-0095
Listed By:
Elizabeth Jozwiak · License #170319
(907) 252-9365
Added: May 14
Changed: Oct 2
Last Checked: Oct 8 at 3:06PM
MLS# 26-5453
Copyright © 2026 Alaska Multiple Listing Service. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This restaurant property combines a pizzeria operation with integrated living quarters in a 3,162-square-foot building. The interior includes dining, kitchen, laundry, and bathroom areas, while the sale includes commercial kitchen equipment, fixtures, and custom dining furnishings. Wood-frame construction, a metal roof, laminate, carpet, and concrete flooring, plus radiant natural-gas heat, define the existing improvements.
The property occupies 0.87 acres along Sterling Highway in Ninilchik, with a parking area designed for large trucks, boats, and RVs. Private well water and a septic tank serve the site. Built in 1994, the building supports a combined restaurant and residential configuration, with the additional rooms suitable for on-site occupancy or employee housing as described in the property information.
The property occupies 0.87 acres along Sterling Highway in Ninilchik, with a parking area designed for large trucks, boats, and RVs. Private well water and a septic tank serve the site. Built in 1994, the building supports a combined restaurant and residential configuration, with the additional rooms suitable for on-site occupancy or employee housing as described in the property information.
Key Highlights
- 3,162 SF restaurant building with integrated living quarters
- 0.87‑acre site with Sterling Highway frontage
- Commercial kitchen equipment, fixtures, and custom dining furnishings included
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$21,818
Cap Rate
6.32%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,360
$436.4K
Cap Rate 7%
$311,686
$311.7K
Cap Rate 9%
$242,422
$242.4K
Market Conditions
NOI Build-Up for 3,162 SF
Gross rent
$37.9K $12.00/SF
− Vacancy
−$3.0K −$0.96/SF
EGI
$34.9K $11.04/SF
− OpEx
−$13.1K −$4.14/SF
NOI
$21.8K $6.90/SF
Area
Kenai Peninsula County, AK
Vacancy
8.00%
Lease Rate
$12.00 /SF/Yr
Expense Ratio
37.50%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$436,360
Cap Rate 7%
$311,686
Cap Rate 9%
$242,422
Alternative Uses
Best Use
Specialty Retail
$899.9K
$787.5K – $1.05M
NOI $62,996 @ 7.0% cap · market cap 18.26%
Second Best
Office B
$645.6K
$564.9K – $753.2K
NOI $45,191 @ 7.0% cap · market cap 13.10%
Theoretical Best
Multifamily LT 5
$21.93M
$19.19M – $25.59M
NOI $1,535,113 @ 7.0% cap · market cap 444.96%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
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Current Use
Lease Details
Yes
Highway access
Yes
Paved road access
Yes
Utilities to site
Location Intelligence
Demographics for 99639, AK
1,072
Population
1,181
Households
0.9
Avg Household Size
58
Median Age
28%
College-Educated
93%
High-School Grad
359.2 sq mi
ZIP Area
3
Density / Sq Mi
$46,354
Median Household Income
$25,278
Median Earnings
$961
Median Rent
$244,600
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Office in West region
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Established pizzeria property with commercial kitchen infrastructure, on-site housing, and natural gas service.
Where is this conventional restaurant located?
The property is located at 15915 Sterling Highway Ninilchik, AK.
What is the asking price?
The asking price for this property is $345,000.
What are key features of this property?
This property features: 3,162 SF restaurant building with integrated living quarters; 0.87‑acre site with Sterling Highway frontage; Commercial kitchen equipment, fixtures, and custom dining furnishings included
