$2,500,000
Homer, AK 99603
MLS# 26-6997
3831 sqft

1 / 26
Property Description
A rare opportunity to own a true piece of Homer history. Established in 1941, AJ's OldTown Steakhouse & Tavern has served generations of Alaskans and visitors alike from the same iconic location for more than eight decades. Widely recognized as one of Homer's oldest continuously operating restaurants and taverns, this landmark business has earned its place as a gathering spot where stories are
Details
Maps
Documents
Contract Info
Concessions YN: No
EM Minimum Deposit: 50000
Foreclosure/Bank Own: No
Price-List: 2500000
Date-Listing: 2026-06-12
Status: Active
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Owner Occupied
Acres: 0.43
SF-Lot: 18730.8
Lot Area Source: Tax Authority
Zoning: CBD - Central Business District
Type of Property: Single Use
SF-Res: 3831
Year Built: 1941
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1B - Kenai Peninsula Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: N/A
Legal: T 6S R 13W SEC 19 SEWARD MERIDIAN HM THAT PORTION OF GOVT LOT 6 AS PER WD 164 @ 566
Directions and Remarks
Directions: From Pioneer Ave or the Bypass, take Main Street South to Bunnell Ave, then right and see AJ's on your right adjacent to the Bunnell Street Gallery.
Listing Terms Financing
Cash: 1
Conventional: 1
Primary Space
Hospitality: 1
Exterior Finish
Wood: 1
Heating
Forced Air: 1
Natural Gas: 1
Roof Type
Asphalt: 1
Composition: 1
Construction Type
Wood Frame: 1
Foundation
Poured Concrete: 1
Flooring
Carpet: 1
Tile: 1
Walls
Wood: 1
Access
Maintained: 1
Paved: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Features-Commercial
In City Limits: 1
Documents
Docs Posted on MLS: 1
Location Tax and Legal
Area: 490 - Homer
Street #: 120
Directional: W
Street Name: Bunnell
Arterial: Avenue
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Primary Space: Hospitality
Heating: Forced Air; Natural Gas
Exterior Finish: Wood
Construction Type: Wood Frame
Foundation: Poured Concrete
Roof Type: Asphalt; Composition
Flooring: Carpet; Tile
Walls: Wood
Sewer: Public Sewer
Water Source: Public
Features-Commercial: In City Limits
Access: Maintained; Paved
Listing Terms Financing: Cash; Conventional
Documents: Docs Posted on MLS
Supplements
shared, friendships are forged, and traditions endure.
Over the years, the establishment has evolved through several celebrated chapters--from the original Homer Cafe & Club to the legendary Waterfront, famous throughout the Kenai Peninsula for its steaks, hospitality, and live entertainment. Local icons, fishermen, artists, travelers, and residents have all found their way through its doors, creating a legacy that remains unmatched in the region.
Today, AJ's continues that tradition as a thriving steakhouse and tavern known for exceptional food, spirits, entertainment, and authentic Alaskan hospitality. Included in the offering are the restaurant business, valuable liquor license, building improvements, and four parcels of land, providing both immediate operating income and future development potential.
Properties with this level of history, community recognition, and goodwill rarely come to market. Whether you envision continuing the legacy of one of Alaska's most beloved dining establishments or expanding upon its storied foundation, AJ's OldTown Steakhouse & Tavern offers a once-in-a-generation opportunity to own a landmark destination in the heart of Homer.
*Business, liquor license, improvements, and four parcels included in sale. Financial information available to qualified buyers upon execution of appropriate confidentiality agreements.*
IDX
Listing Office: Story Real Estate
Last Updated: June - 12 - 2026
The listing content relating to real estate for sale on this web site comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than the site owner are marked with the AK MLS logo and information about them includes the name of the listing brokerage. All information is deemed reliable but is not guaranteed and should be independently verified for accuracy. Site contains live data.
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