$1,295,000
1316 Ocean Drive
Homer, AK 99603
MLS# 26-13233
3066 sqft


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Property Description
Exceptional investment opportunity in the heart of Homer! Located along highly visible Ocean Drive, this completely renovated commercial property offers over 3,000 square feet of versatile space on nearly half an acre in one of Homer's most desirable commercial corridors. Thoughtfully redesigned to accommodate two separate tenants, one upstairs and one downstairs, the building provides excellent

Details
Maps
Documents
Contract Info
Price-List: 1295000
Date-Listing: 2026-10-17
Status: Active
EM Minimum Deposit: 15000
Foreclosure/Bank Own: No
Property Info
Type of Property: Mixed Use
Building Type: Class A
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Owner Occupied
Acres: 0.48
SF-Lot: 20909
Lot Area Source: Tax Authority
SF-Res: 3066
Floors: 2
Zoning: GC1 - General Commercial 1
Year Built: 1976
Directions and Remarks
Directions: Take Ocean Drive on the way to The Homer Spit and the property is on the left, across the street from Alyeska Tire.
Retail
SF-Retail Apx: 3066
Location Tax and Legal
Area: 490 - Homer
Street #: 1316
Street Name: Ocean
Arterial: Drive
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Primary Space: Hospitality; Office/Retail
Secondary Space: Office/Warehouse; Retail
Heating: Forced Air; Natural Gas
Exterior Finish: Wood
Construction Type: Wood Frame - 2x6
Foundation: Post on Pad; Poured Concrete; Slab
Roof Type: Metal
Flooring: Luxury Vinyl
Walls: Sheetrock; Wood
Sewer: Public Sewer
Water Source: Public
Features-Commercial: DSL/Cable Available; Fencing; In City Limits; Living Quarters; Master Meter - Elec; Master Meter - Gas; On-Site Parking; Restroom(s)-Handicap; Restroom(s)-Private
Access: Dedicated Road; Government; Maintained
Listing Terms Financing: Cash; Conventional; Owner Finance
Documents: Docs Posted on MLS; Lease
Supplements
flexibility for an owner-occupant, investor, or entrepreneur seeking multiple income streams. The extensive renovations create an attractive, updated space ready for a variety of commercial uses. Previously utilized as a restaurant and bakery, the property offers potential for food service, retail, professional offices, or other commercial ventures. Adding to the property's appeal is an existing cabin, offering potential for additional rental income, employee housing, office space, or other uses, subject to applicable approvals. Situated in Homer, Alaska--the world-renowned Halibut Capital of the World--this property benefits from excellent visibility, convenient access, and proximity to the thriving tourism, fishing, and local business communities. With its extensive renovations, two-tenant configuration, nearly half-acre parcel, and additional cabin, 1316 Ocean Drive presents an outstanding opportunity to establish or expand a business while building long-term investment potential in Homer!

IDX
Listing Office: Berkshire Hathaway HomeServices Alaska Realty

Last Updated: October - 20 - 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.