The Linwood Bar and
For Sale
$1,600,000
253 Main St, Seldovia, AK 99663
Downtown hospitality property with a full commercial kitchen, liquor retail component, and residential accommodations.
Property Size5,152 SF
Price / SF$310.56
Days on Market283
Property Features for 253 Main St
General Information
Standard status
Active
Size
5,152 SF
Property subtype
Commercial
Units
Unit Mix
1 x 1BR/1BA, 1 x 2BR/1BA, 2 x private living quarters
Multifamily Units
4
Additional Details
Business Included
Yes
Building Details
Year Built
1967
Listing Agency:
Real Broker Alaska
(907) 263-9333
Listed By:
Joseph Miller
Source:
Seehomesinalaska
Added: Nov 20, 2025
Changed: Aug 30
Last Checked: Aug 25 at 7:51AM
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 Real Broker Alaska
Investment Insights
Based on property information with market context.
The Linwood is a 5,152-square-foot hospitality property combining a bar, restaurant, and liquor store in downtown Seldovia. The facility includes a full commercial kitchen, improved storage areas, and multiple residential accommodations: a one-bedroom, one-bath apartment, a two-bedroom, one-bath apartment, and two private living quarters. The property occupies two city lots and overlooks the harbor, ocean, and surrounding mountains.
Operational features include live music events, a dining and beverage program, and service to both year-round local customers and seasonal visitors. The existing layout supports hospitality operations alongside residential use, with the apartments and private quarters providing owner-occupancy or staff-housing options. Zoning is CB, and the building was constructed in 1967.
Operational features include live music events, a dining and beverage program, and service to both year-round local customers and seasonal visitors. The existing layout supports hospitality operations alongside residential use, with the apartments and private quarters providing owner-occupancy or staff-housing options. Zoning is CB, and the building was constructed in 1967.
Key Highlights
- 5,152‑square‑foot bar, restaurant, and liquor store property
- Located on two city lots in downtown Seldovia
- Views of the harbor, ocean, and mountains
Financial Insights
Estimated NOI and Cap Rate
NOI = area × lease_rate × (100 − vacancy) / 100 × (1 − expense_ratio). Net Operating Income — what the owner takes home each year before mortgage payments and income tax. Effective rent (asking rent minus vacancy losses) minus operating costs (taxes, insurance, maintenance, management).
NOI / Yr
$102,642
Cap rate = NOI / list price × 100. Capitalization rate — annual return on a fully cash purchase, before financing. NOI divided by price. Higher means more income per dollar invested, but usually also more risk or older condition. 5–8% is typical for stabilized commercial property; double digits often signal distressed deals.
Cap Rate
6.42%
Suggested Prices Based on Cap Rates
Cap rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,052,840
$2.1M
Cap Rate 7%
$1,466,314
$1.5M
Cap Rate 9%
$1,140,467
$1.1M
Market Conditions
NOI Build-Up for 5,152 SF
Vacancy — income lost from leasable area expected to sit empty during the year, subtracted from gross rent.
EGI (Effective Gross Income) — gross rent minus vacancy losses, the realistic income before paying operating costs.
OpEx (Operating Expenses) — recurring costs to operate the property (property tax, insurance, utilities, maintenance, management); excludes financing and capital improvements.
NOI (Net Operating Income) — income a property generates after operating costs but before financing and taxes.
Gross rent
$144.7K $28.08/SF
− Vacancy
−$7.8K −$1.52/SF
EGI
$136.9K $26.56/SF
− OpEx
−$34.2K −$6.64/SF
NOI
$102.6K $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 rates vary significantly by property type, market, and asset quality.
Typical U.S. stable-market ranges:
Multifamily — 4.5% to 6.5% (Class A in primary markets often sub-5%; Class C in secondary markets 6%+)
Industrial / Logistics — 5.0% to 7.0% (compressed heavily in recent years due to e-commerce demand)
Office — 6.5% to 9%+ (wide spread post-2020; CBD Class A vs. suburban Class B varies dramatically)
Retail — 5.5% to 8.5% (grocery-anchored on the low end, unanchored strip centers higher)
Hospitality / Hotels — 7.5% to 10%+ (higher due to operational risk)
Self-Storage — 5.5% to 7.5%
Medical Office — 6.0% to 7.5%
Net Lease (single tenant, credit) — 5.0% to 7.0% depending on tenant credit and lease term
Rules of thumb:
Primary markets (NYC, SF, LA, Boston, DC) trade at lower cap rates than secondary/tertiary markets, often by 100–200 bps (bps, aka basis points; 1 bp = 0.01%).
Class A assets trade ~50–150 bps tighter than Class B, and Class B tighter than Class C.
Cap rates move inversely with price — a lower cap rate means a higher price for the same NOI.
Spread to the 10-year Treasury is a common benchmark; historically 200–400 bps over the 10-year.
Cap Rate 5%
$2,052,840
Cap Rate 7%
$1,466,314
Cap Rate 9%
$1,140,467
Alternative Uses
Best Use
Specialty Retail
$1.47M
$1.28M – $1.71M
NOI $102,642 @ 7.0% cap · market cap 6.42%
Second Best
Retail
$1.18M
$1.04M – $1.38M
NOI $82,918 @ 7.0% cap · market cap 5.18%
Theoretical Best
Multifamily LT 5
$35.73M
$31.27M – $41.69M
NOI $2,501,235 @ 7.0% cap · market cap 156.33%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Property Profile
Current Use
Lease Details
4
Residential units
Turnkey business
Opportunity
Location Intelligence
Demographics for 99663, AK
451
Population
389
Households
1.2
Avg Household Size
51
Median Age
26%
College-Educated
96%
High-School Grad
114.8 sq mi
ZIP Area
4
Density / Sq Mi
$82,045
Median Household Income
$27,813
Median Earnings
$1,042
Median Rent
$196,500
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Bar & Pub - Downtown hospitality property with a full commercial kitchen, liquor retail component, and residential accommodations.
Where is this bar & pub located?
The property is located at 253 Main St Seldovia, AK.
What is the asking price?
The asking price for this property is $1,600,000.
What are key features of this property?
This property features: 5,152‑square‑foot bar, restaurant, and liquor store property; Located on two city lots in downtown Seldovia; Views of the harbor, ocean, and mountains
