$2,195,000
Homer, AK 99603
MLS# 26-9603
4096 sqft
1 / 72
Property Description
An Iconic Homer Landmark & Turnkey Investment Opportunity Own one of Homer's most recognizable and beloved entertainment venues. Alice's Champagne Palace has been a community gathering place for decades, drawing both locals and visitors with its vibrant atmosphere, live music, special events, and rich history.
Details
Maps
Documents
Contract Info
Price-List: 2195000
Date-Listing: 2026-07-31
Status: Active
EM Minimum Deposit: 20000
Foreclosure/Bank Own: No
Property Info
Type of Property: Mixed Use
Realtor.com Type: Commercial
Construction Status: Existing Structure
% of Space Leased: 10
Acres: 1
SF-Lot: 43560
Lot Area Source: Tax Authority
SF-Res: 4096
Floors: 3
Zoning: CBD - Central Business District
Year Built: 1976
Directions and Remarks
Directions: In the heart of Homer in the Business district located downtown on Pioneer Avenue.
Location Tax and Legal
Area: 490 - Homer
Street #: 195
Directional: E
Street Name: Pioneer
Arterial: Avenue
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Primary Space: Hospitality; Land; Retail
Secondary Space: Land
Heating: Forced Air; Natural Gas
Exterior Finish: Wood
Construction Type: Wood Frame
Foundation: Block; Poured Concrete
Roof Type: Metal
Flooring: Hardwood; Linoleum
Walls: Paneled; Sheetrock; Wood
Sewer: Public Sewer
Water Source: Public
Features-Commercial: In City Limits; Loading Dock; On-Site Parking; Restroom(s)-Private
Access: Government; Maintained
View Type: Bay; Glacier; Mountains; Ocean
To Show: ShowingTime
Listing Terms Financing: Cash; Conventional
Documents: Docs Posted on MLS; Package Available
Supplements
Situated on approximately one acre in a highly visible location along busy Pioneer Avenue, this exceptional commercial property offers more than 4,000 square feet under roof and is fully equipped for continued operation. Its spacious layout provides the flexibility to host concerts, private events, dining, and entertainment on a scale few properties in Homer can accommodate. An additional commercial space is currently leased to a popular drive-thru coffee shop, providing established rental income and enhancing the property's investment potential.
With its established reputation, loyal customer base, and prime location in the heart of town, Alice's Champagne Palace presents a rare opportunity to acquire a truly turnkey business and commercial real estate investment. Whether you're looking to continue its legacy or bring your own vision to this iconic venue, the possibilities are as exciting as the property's history.
This is a once-in-a-generation opportunity to own a cornerstone of Homer's entertainment scene.
Property Profile 
IDX
Listing Office: Berkshire Hathaway HomeServices Alaska Realty
Last Updated: August - 21 - 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.