$1,600,000
Chugiak, AK 99567
MLS# 26-8013
10819 sqft

1 / 130
Property Description
Rare opportunity to own a well-established, highly successful turnkey restaurant celebrating its 50th anniversary this year. The owner is ready to retire, offering a unique chance to acquire the business, commercial property, and residence all in one exceptional package. Bella Vista Pizzeria & Restaurante has long been a Chugiak favorite, known for its authentic Italian and Mediterranean cuisine
Details
Maps
Documents
Contract Info
EM Minimum Deposit: 16000
Foreclosure/Bank Own: No
Price-List: 1600000
Date-Listing: 2026-07-01
Status: Active
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Type: Class B
Building Status: Owner Occupied
% of Space Leased: 100
Acres: 1.64
SF-Lot: 71438
Lot Area Source: Tax Authority
Zoning: CE-B-3 General Busines
Floors: 3
Type of Property: Mixed Use
SF-Res: 10819
Year Built: 1977
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): NW1360
Tax Map #-Mat-Su: N/A
Legal: Peters Creek L2 B1 Plat #P-479
Taxes (Estimated): 18815.28
Tax Year: 2026
Directions and Remarks
Directions: Glenn Hwy to South Peters Creek Exit, Left under the Glenn Hwy., Left again on Bill Stephen's Drive property is on the right.
To Show
ShowingTime: 1
Building Info
Building Name: Bella Vista
Listing Terms Financing
Cash: 1
Conventional: 1
Owner Finance: 1
See Remarks: 1
Primary Space
Hospitality: 1
Office/Retail: 1
Retail: 1
Exterior Finish
Stucco: 1
Wood: 1
Heating
Baseboard: 1
Natural Gas: 1
Radiant: 1
Roof Type
Bitumen/Torch Down: 1
Shake: 1
Shingle: 1
Wood: 1
Construction Type
Wood Frame: 1
View Type
Mountains: 1
Unobstructed: 1
Foundation
Block: 1
Poured Concrete: 1
Flooring
Carpet: 1
Laminate: 1
Tile: 1
Linoleum: 1
Vinyl: 1
Walls
Sheetrock: 1
Wood: 1
Access
Dedicated Road: 1
Government: 1
Maintained: 1
Paved: 1
Sewer
Septic Tank: 1
Value/Income/Expense
Assessed Value - Total: 1298500
Water Source
Public: 1
Retail
SF-Retail Apx: 6000
Office
Office Apx SF: 6000
Features-Commercial
3 Phase Electric: 1
DSL/Cable Available: 1
Floor Drain(s): 1
HW Heater - Gas: 1
Living Quarters: 1
Master Meter - Elec: 1
Master Meter - Gas: 1
On-Site Parking: 1
Restroom(s)-Private: 1
Separate Meter-Elec: 1
Separate Meter-Gas: 1
Stand Alone Unit: 1
Other - See Remarks: 1
Documents
Docs Posted on MLS: 1
Inventory List: 1
P & L: 1
Location Tax and Legal
Area: 100 - Chugiak/Peters Crk
Street #: 20908
Street Name: Bill Stephens
Arterial: Drive
Closest USPS Town: Chugiak
State: AK
Zip Code: 99567
Property Features
Primary Space: Hospitality; Office/Retail; Retail
Heating: Baseboard; Natural Gas; Radiant
Exterior Finish: Stucco; Wood
Construction Type: Wood Frame
Foundation: Block; Poured Concrete
Roof Type: Bitumen/Torch Down; Shake; Shingle; Wood
Flooring: Carpet; Laminate; Tile; Linoleum; Vinyl
Walls: Sheetrock; Wood
Sewer: Septic Tank
Water Source: Public
Features-Commercial: 3 Phase Electric; DSL/Cable Available; Floor Drain(s); HW Heater - Gas; Living Quarters; Master Meter - Elec; Master Meter - Gas; On-Site Parking; Restroom(s)-Private; Separate Meter-Elec; Separate Meter-Gas; Stand Alone Unit; Other - See Remarks
Access: Dedicated Road; Government; Maintained; Paved
View Type: Mountains; Unobstructed
To Show: ShowingTime
Listing Terms Financing: Cash; Conventional; Owner Finance; See Remarks
Documents: Docs Posted on MLS; Inventory List; P & L
Supplements
served in a warm, inviting atmosphere. The 7,674 SF restaurant features seating for 115 on the main level with a cozy gas fireplace, plus two upstairs banquet rooms accommodating approximately 80 and 70 guests--ideal for private events and large gatherings.
The property includes a beer and wine license, fully equipped commercial kitchen, fire suppression system, brand-new roof, new make-up air unit, approximately 10-year-old double boiler, office, mechanical room, storage areas, separate employee restroom, four public restrooms, and professionally cleaned carpeting. The Ecolab dishwasher is leased at $120/month.
Also included is a 3,145 SF chalet-style residence featuring a vaulted great room with a wood-burning fireplace, four bedrooms, and three bathrooms. Enjoy a spacious wraparound deck and a lower-level mother-in-law apartment complete with a full kitchen, private laundry, separate entrance, and current rental income potential.
Situated on an expansive 71,250 SF lot, with the majority of the property paved for ample parking, this offering combines an established business, commercial real estate, and residential living in one unique investment opportunity. Seller may consider owner financing for qualified buyers.
IDX
Listing Office: RE/MAX Dynamic Properties - Eagle River Branch
Last Updated: July - 01 - 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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