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For sale
  • $3,595,000

    3595 Restaurant St, Soldotna, AK 99669

    7beds
    17,282sqft
    : 
    $22,279/mo
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    Other
    Built in ----
    1.17 Acres Lot
    $3,287,300 Zestimate®
    $208/sqft
    $-- HOA

    What's special

    Popular sports-bar operationSubstantial dining facilitiesCommercial kitchenKitchen equipmentEstablished restaurant businessEstablished sports-bar businessCommercial food-preparation infrastructure
    CONFIDENTIAL KENAI PENINSULA COMMERCIAL INVESTMENT REAL ESTATE | RESTAURANT | SPORTS BAR | RESIDENTIAL INCOMEA Rare Opportunity to Acquire Established Hospitality Businesses, Commercial Real Estate & Residential Income in One Kenai Peninsula Investment Kenai Peninsula, Alaska Approximately 17,282 SF | 1.17A± Acres | Restaurant | Sports Bar | Two Liquor Licenses | Three Residential Units MORE THAN A RESTAURANT. MORE THAN COMMERCIAL REAL ESTATE. A DIVERSIFIED ALASKA INVESTMENT OPPORTUNITY. Rarely does an opportunity bring together this many income-producing components in a single offering. This established Kenai Peninsula commercial investment combines approximately 17,282 square feet of commercial and residential improvements, an established full-service restaurant, popular sports-bar operation, banquet and event facilities, outdoor entertainment space, two liquor licenses, three residential apartment units, substantial operating equipment, parking, and the underlying real estate. For an investor or owner-operator, this creates something substantially different from purchasing a stand-alone restaurant or traditional commercial building. The businesses are established. The real estate is included. The residential income opportunity already exists. Acquire the complete operation and build upon an established platform in one of Alaska's most important commercial, tourism, recreation, and energy regions. A COMPLETE COMMERCIAL, HOSPITALITY & REAL ESTATE INVESTMENT The strength of this offering lies in its diversification. The property combines hospitality, food and beverage, entertainment, events, residential housing, and commercial real estate within one investment. Existing components include: Full-service restaurant Established sports bar Large dining areas Banquet and event facilities Outdoor seating and entertainment area Two liquor licenses, subject to applicable transfer approvals Commercial kitchen Bar facilities Three residential apartment units Two-vehicle garage Customer and business parking Furniture, fixtures and operating equipment Approximately 1.17 acres of underlying real estate Rather than depending upon one potential income source, the property provides an established operating foundation with multiple business and real estate components. INVESTMENT HIGHLIGHTS Approximately 17,282 Square Feet of Commercial & Residential Improvements Approximately 17,282 SF of total improvements Approximately 1.17 acres Established Kenai Peninsula hospitality businesses Full-service restaurant Popular sports-bar operation Large dining capacity Banquet and event facilities Outdoor seating and entertainment area Two liquor licenses, subject to applicable transfer approvals Commercial kitchen Bar furniture, fixtures and equipment Customary operating FF&E, subject to final asset schedule Three residential apartment units Two 2-bedroom apartments One 3-bedroom apartment Two-vehicle garage Ample customer and operational parking Established operating history Existing local customer base Business operations and underlying real estate offered together Multiple existing and potential income streams ESTABLISHED RESTAURANT OPERATION An Existing Full-Service Hospitality Restaurant / Bar Business + large Banquet Facility At the heart of the investment is an established full-service restaurant serving the Kenai Peninsula market. The restaurant component includes substantial dining facilities, commercial food-preparation infrastructure, kitchen equipment, furniture, fixtures, and operating assets, subject to the final asset schedule. The size and configuration of the property provide flexibility beyond conventional restaurant operations, with space capable of supporting everyday dining as well as larger gatherings and events. For a new owner, this means acquiring an established operating platform rather than starting from an empty commercial building. SPORTS BAR & ENTERTAINMENT Food, Beverage & Entertainment Under One Roof A popular sports-bar operation provides another major component of the business. The sports-bar environment complements the restaurant while providing its own customer experience centered around food, beverages, entertainment, social gatherings, and sporting events. The offering includes two liquor licenses, subject to applicable governmental and transfer approvals. Combined with the restaurant, banquet facilities, and outdoor entertainment area, the sports-bar operation provides ownership with the ability to serve different customer groups and occasions from the same overall property. BANQUET, EVENT & ENTERTAINMENT FACILITIES More Than Everyday Dining Large dining and banquet areas expand the property's usefulness beyond traditional restaurant service. The existing layout can accommodate a variety of gatherings and functions, creating potential opportunities associated with: Private parties Business meetings Community events Celebrations Banquets Group dining Special events Entertainment Seasonal functions An outdoor seating and entertainment component adds another dimension during Alaska's warmer months. These facilities provide future ownership with multiple ways to utilize the property beyond conventional daily restaurant and bar operations. RESIDENTIAL INCOME COMPONENT Three Apartment Units Add Another Dimension to the Investment One of the property's most significant advantages is the inclusion of three residential apartment units. The residential component consists of: Two 2-bedroom apartments One 3-bedroom apartment Current indicated rental potential is approximately: Two 2-bedroom units at approximately $1,600 per month each One 3-bedroom unit at approximately $2,000 per month Potential combined residential rent: approximately $5,200 per month Potential annual residential rent: approximately $62,400 Apartment-related operating expenses have historically been reflected within the property's operating financials; however, the associated residential rental income has not been reflected in the current business financials provided for the offering. This creates an important additional consideration for investors evaluating the property's overall income potential. BUSINESS & INCOME PERFORMANCE Established Revenue with Multiple Potential Income Sources The combined hospitality businesses generated approximately: MULTI-MILLION IN 2025 REVENUE Reported financial analysis indicates: 2025 Adjusted SDE: approximately $465,000 Weighted Normalized SDE: approximately $407,000 When potential residential rental income is considered alongside normalized business SDE, the property provides an indicated combined income opportunity of approximately: $469,500 ANNUALLY before financing costs, taxes, depreciation, buyer-specific adjustments, future capital expenditures, and other ownership considerations. Detailed financial statements, SDE calculations, tax information, and supporting business records are available to qualified prospective purchasers following appropriate confidentiality procedures. Past performance and indicated rental income are not guarantees of future results. COMMERCIAL REAL ESTATE Own the Businesses and the Property Beneath Them A major distinction of this offering is that the opportunity is not limited to purchasing operating businesses. The underlying commercial real estate is included. The approximately 1.17-acre property contains approximately 17,282 square feet of commercial and residential improvements, along with associated land and parking. This allows a purchaser to acquire both the operating platform and the real estate supporting those operations. For a long-term investor or owner-operator, that combination can provide significantly different strategic options than leasing a restaurant or hospitality location from a third-party landlord. ALASKA LNG & NIKISKI REGIONAL GROWTH POTENTIAL Positioned in a Region with Significant Proposed Energy Investment The greater Kenai Peninsula is home to Nikiski, the planned location of the LNG liquefaction and export facilities associated with the Alaska LNG project. The project is being developed in phases, with the currently proposed second phase including LNG liquefaction facilities and related infrastructure in Nikiski. If Alaska LNG proceeds through future investment decisions and construction as contemplated, major infrastructure development and associated workforce activity could contribute to additional regional demand for: Housing Restaurants Food and beverage services Entertainment Employee and contractor accommodations Retail and consumer services Commercial services With established hospitality operations, residential units, substantial commercial improvements, and customer parking already in place, this property may be positioned to participate in potential future Kenai Peninsula economic activity. No future Alaska LNG construction schedule, economic impact, customer demand, or benefit to this property is guaranteed and buyers should independently evaluate the project and its potential regional effects. OWNER-OPERATOR OPPORTUNITY Acquire an Established Platform and Make It Your Own For an experienced restaurant, hospitality, or business operator, the offering provides the opportunity to step into an existing operation with substantial infrastructure already in place. A purchaser can acquire: The real estate. The restaurant. The sports bar. The liquor licenses, subject to transfer approval. The residential units. The commercial kitchen and operating equipment. The customer base and established operating history. Instead of assembling these components individually, they are being offered together as one diversified Kenai Peninsula commercial investment. COMMERCIAL & INVESTMENT OPPORTUNITIES The existing property configuration may support a variety of current and future strategies, subject to applicable licensing, land-use requirements, governmental approvals, and buyer investigation. Potential uses and revenue sources include: Full-Service Restaurant Sports Bar Food & Beverage Operations Banquets Private Events Business Meetings Entertainment Outdoor Dining Residential Rentals Employee Housing Workforce Housing Owner-Operator Business Hospitality Investment Commercial Real Estate Investment Multi-Income Property Potential LNG-Related Regional Growth Opportunity WHY THIS OPPORTUNITY STANDS APART Few commercial offerings combine this many established components. BUSINESS Established restaurant and sports-bar operations with approximately $MULTI-million in reported 2025 revenue. REAL ESTATE Approximately 17,282 square feet of improvements on approximately 1.17 acres. RESIDENTIAL Three apartment units providing approximately $62,400 in indicated annual rental potential based upon the rents provided. LIQUOR LICENSES Two liquor licenses included in the contemplated transaction, subject to applicable transfer approvals. DIVERSIFICATION Restaurant, bar, events, entertainment, residential rentals, and commercial real estate within one investment. LOCATION Positioned on Alaska's Kenai Peninsula, with access to an established local market and potential future regional economic activity. COMPLETE INVESTMENT OFFERING $3,595,000 The contemplated offering includes: Commercial real estate Approximately 17,282 SF of improvements Approximately 1.17 acres Established restaurant business Established sports-bar business Two liquor licenses, subject to transfer approval Commercial kitchen Customary furniture, fixtures and operating equipment, subject to final asset schedule Three residential apartment units Garage Associated land and parking Other agreed business assets and improvements Final inclusions, exclusions, asset allocation, licenses, inventory, and conveyance terms will be established in the purchase agreement. A BUSINESS. REAL ESTATE. RESIDENTIAL INCOME. ONE KENAI PENINSULA INVESTMENT. This opportunity brings together something that is increasingly difficult to recreate from the ground up: established businesses, substantial commercial improvements, residential units, liquor licenses, operating infrastructure, parking, and the underlying real estate in one acquisition. For the investor, it offers diversification. For the owner-operator, it offers an established platform. For the entrepreneur, it offers room to build upon existing operations. And for the long-term purchaser, it provides ownership of the real estate supporting the businesses. THE BUSINESSES ARE OPERATING. THE REAL ESTATE IS INCLUDED. THE INFRASTRUCTURE IS IN PLACE. THE NEXT CHAPTER BELONGS TO THE NEW OWNER. CONFIDENTIAL BUSINESS INFORMATION This is a confidential business and commercial real estate offering. Detailed financial statements, SDE calculations, asset schedules, operating information, property documentation, and additional confidential materials are available to qualified prospective purchasers following completion of applicable confidentiality and buyer-qualification procedures. Prospective purchasers should independently verify financial performance, licenses, assets, rental assumptions, property condition, permitted uses, and all information material to their acquisition decision. NOTABLE FEATURES Kenai Peninsula Commercial Real Estate - Alaska Business For Sale - Kenai Alaska Business Opportunity - Alaska Restaurant For Sale - Alaska Sports Bar For Sale - Kenai Peninsula Restaurant - Alaska Commercial Investment Property - Alaska Income Producing Property - Alaska Business With Real Estate - Alaska Restaurant With Real Estate - Alaska Bar With Real Estate - Alaska Hospitality Business - Alaska Liquor License Business - Kenai Peninsula Investment Property - Alaska Mixed Use Commercial Property - Alaska Residential Income Property - Alaska Apartment Investment - Kenai Commercial Property - Nikiski Commercial Real Estate - Nikiski Business Opportunity - Alaska LNG Investment Area - Alaska LNG Nikiski - Kenai Peninsula Hospitality Investment - Alaska Owner Operator Business - Alaska Multi Income Property - Alaska Commercial Property With Apartments - Alaska Investment Opportunity
    24 days
    277
    6

    Zillow last checked:

    Listed by:

    Thomas M Lucas III,

    Mossy Oak Properties of Alaska - Wasilla 907-357-5100

    Source: REALSTACK,MLS#: 115672

      Facts & features

      Interior

      Bedrooms & bathrooms
      • Bedrooms: 7
      • Bathrooms: 10
      • Full bathrooms: 4
      • 1/2 bathrooms: 6
      Features
      • Has basement: No
      Interior area
      • Total structure area: 17,282
      • Total interior livable area: 17,282 sqft
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      Property

      Lot
      • Size: 1.17 Acres

      Construction

      Type & style
      • Home type: SingleFamily
      • Property subtype: Other

      Community & HOA

      Location
      • Region: Soldotna

      Financial & listing details

      • Price per square foot: $208/sqft
      • Date on market: 8/31/2026
      • Lease term: Contact For Details

        Estimated market value

        $3,287,300

        $3.09M - $3.45M

        Not available

        Price history

        DateEventPrice
        8/31/2026Listed for sale$3,595,000$208/sqft
        Source: REALSTACK #115672 Report a problem

        Public tax history

        Tax history is unavailable.

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        Climate risks

        Neighborhood: 99669

        Getting around

        48 / 100
        Car-Dependent
        46 / 100
        Somewhat Bikeable

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