Bar with Covered
New
For Sale
$600,000
800 Cook Ave, Kenai, AK 99611
Established bar business includes a beverage dispensary liquor license and an additional bluff parcel.
Property Size1,800 SF
Price / SF$333.33
Days on Market7
Property Features for 800 Cook Ave
General Information
Standard status
Active
Size
1,800 SF
Restaurant
Patio
Yes
Liquor License
Yes
Additional Details
Business Included
Yes
Utilities to Site
Yes
Currently Operating
Yes
Amenities
fenced outdoor area
covered and uncovered decks
interior storage
Listing Agency:
Jack White Real Estate Soldotna
(907) 420-0655
Listed By:
Michelle A Glaves · License #19111
(907) 398-9814
Source:
Exprealty
Added: Oct 28
Changed: Nov 3
Last Checked: Nov 3 at 11:39AM
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 Soldotna
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Review the available facts, identify missing information and prepare questions for the agent.
Investment Insights
Based on property information with market context.
The 1,800-square-foot bar business includes a beverage dispensary liquor license, a main bar, interior storage, and a fenced outdoor area. Covered and uncovered decks provide additional outdoor space for patrons. City well and septic serve the property.
The sale also includes a bluff lot with a seawall, creating a separate outdoor component alongside the bar property.
The sale also includes a bluff lot with a seawall, creating a separate outdoor component alongside the bar property.
Key Highlights
- 1,800‑square‑foot operating bar business
- Beverage dispensary liquor license included
- Covered and uncovered decks, plus a fenced outdoor area
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$35,861
Cap Rate
5.98%
Suggested Prices Based on Cap Rates
Cap Rate 5%
$717,220
$717.2K
Cap Rate 7%
$512,300
$512.3K
Cap Rate 9%
$398,456
$398.5K
Market Conditions
NOI Build-Up for 1,800 SF
Gross rent
$50.5K $28.08/SF
− Vacancy
−$2.7K −$1.52/SF
EGI
$47.8K $26.56/SF
− OpEx
−$12.0K −$6.64/SF
NOI
$35.9K $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%
$717,220
Cap Rate 7%
$512,300
Cap Rate 9%
$398,456
Alternative Uses
Best Use
Specialty Retail
$512.3K
$448.3K – $597.7K
NOI $35,861 @ 7.0% cap · market cap 5.98%
Second Best
—
—
no second resolved use
Theoretical Best
Multifamily LT 5
$12.48M
$10.92M – $14.56M
NOI $873,879 @ 7.0% cap · market cap 145.65%
Zoning and permitted uses should be independently verified with authorities.
How Realmo checks its estimates
Property Analytics
Who owns this building?
See the owner, sales and loan history
Open Analytics
Current Use
Lease Details
Turnkey business
Opportunity
Yes
Utilities to site
Yes
Liquor license
Location Intelligence
Demographics for 99611, AK
15,827
Population
7,130
Households
2.2
Avg Household Size
38
Median Age
24%
College-Educated
94%
High-School Grad
526.8 sq mi
ZIP Area
30
Density / Sq Mi
$69,816
Median Household Income
$47,259
Median Earnings
$1,108
Median Rent
$279,800
Median Home Value
Check the figures for this property
Cap Rate, Value Estimation, Potential NOI and more
View Realmo Analytics
Market
Vacancy Rate% for Retail in West region
Frequently Asked Questions
What type of property is this?
Bar & Pub - Established bar business includes a beverage dispensary liquor license and an additional bluff parcel.
Where is this bar & pub located?
The property is located at 800 Cook Ave Kenai, AK.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 1,800‑square‑foot operating bar business; Beverage dispensary liquor license included; Covered and uncovered decks, plus a fenced outdoor area
