Individually Owned 
For Sale
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Property summary
This exceptional commercial property, located at 725 Sterling Highway in Homer, Alaska, presents a unique investment opportunity. The 1.66-acre lot offers a prime location in the Gateway District, providing unparalleled visibility to thousands of tourists during peak summer months and consistent local traffic year-round. The existing restaurant structure features a convenient drive-thru, enhancing operational efficiency and customer convenience. The property boasts breathtaking, 180-degree views of Kachemak Bay, showcasing majestic mountains, serene glaciers, and the iconic Homer Spit. This stunning backdrop creates an unforgettable dining experience, attracting both tourists and locals. The property's versatility allows for potential expansion, capitalizing on the high-traffic location and the area's thriving culinary scene. The asking price is $925,000. This is an exceptional opportunity for a culinary entrepreneur to establish or expand a successful restaurant business in a highly desirable location within Kenai Peninsula Borough, Alaska, zip code 99603. The property is zoned for commercial use and offers significant potential for growth and profitability. The unique combination of a prime location, stunning views, and existing infrastructure makes this a truly remarkable investment opportunity.
Property profile
VerifiedCap rate & NOI
Current use
-
Restaurant
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Value estimation
Instant AI valuation built from comps, income signals, and proprietary benchmarks. A defensible range, not a single guess.
from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Derived from the Homer market rent, vacancy and expense benchmarks for this use type.
Price sensitivity
The rate is the decision lever; valuation is the consequence.
Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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