Building Details

Year Built 1967

Listing Agency: Real Broker Alaska

Listed By: Joseph Miller · License #11361 Show Phone

Source: Seehomesinalaska

Added: Sep 30, 2025 Changed: Oct 1 Last Checked: Oct 12 at 8:39PM

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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.

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 / Yr

$102,642

Cap Rate

6.42%

Suggested Prices Based on Cap Rates

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

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 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 (±1% cap)

NOI $102,642 @ 7.0% cap · market cap 6.42%

Second Best

Retail

$1.18M

$1.04M – $1.38M (±1% cap)

NOI $82,918 @ 7.0% cap · market cap 5.18%

Theoretical Best

Multifamily LT 5

$35.73M

$31.27M – $41.69M (±1% cap)

NOI $2,501,235 @ 7.0% cap · market cap 156.33%

Zoning and permitted uses should be independently verified with authorities. How Realmo checks its estimates

Property Analytics

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Current Use

Linwood Bar & Grill Bar & Pub

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

7% 2020

6.3% 2021

5.5% 2022

5.3% 2023

5.5% 2024

5.8% 2025

Questions? Ask Rey

Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.

What type of property is this? Where is this bars & pubs located? What is the asking price? Find similar properties What are key features of this property?

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