$3,200,000
Homer, AK 99603
MLS# 23-1745
10800 sqft
1 / 3
Property Description
This property can be your ''Gold-Mine''. Currently used for large retailer. Sits on 6 acres of land in the Central Business District on the most prime location in of Homer. It is the only ''whole parcel'' of acreage left in Homer and is the most valued commercial piece of land. Located at the only signal light in Homer at the corner of the Sterling Highway and Lake Street, (See Supplement).
Details
Maps
Contract Info
EM Minimum Deposit: 45000
Foreclosure/Bank Own: No
Price-List: 3200000
Date-Listing: 2023-02-28
Status: Active
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: Waddell Park 2000 L1
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Acres: 5.78
SF-Lot: 251776.8
Lot Area Source: Owner
Zoning: CBD - Central Business District
Floors: 2
Type of Property: Mixed Use
SF-Res: 10800
Year Built: 1996
Directions and Remarks
Directions: Corner of Homer Bypass (Sterling Hwy) and Lake Street in Homer.
Listing Terms Financing
Cash: 1
Conventional: 1
Primary Space
Retail: 1
Secondary Space
Land: 1
Office/Retail: 1
Exterior Finish
Wood: 1
Heating
Natural Gas: 1
Radiant: 1
Roof Type
Other: 1
Construction Type
Block: 1
Wood Frame - 2x6: 1
View Type
City Lights: 1
Glacier: 1
Lake: 1
Mountains: 1
Foundation
Poured Concrete: 1
Flooring
Carpet: 1
Walls
Sheetrock: 1
Wood: 1
Access
Maintained: 1
Paved: 1
Sewer
Public Sewer: 1
Water Source
Public: 1
Retail
SF-Retail Apx: 9000
Location Tax and Legal
Area: 490 - Homer
Street #: 3695
Street Name: Lake
Arterial: Street
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Features
Primary Space: Retail
Secondary Space: Land; Office/Retail
Heating: Natural Gas; Radiant
Exterior Finish: Wood
Construction Type: Block; Wood Frame - 2x6
Foundation: Poured Concrete
Roof Type: Other
Flooring: Carpet
Walls: Sheetrock; Wood
Sewer: Public Sewer
Water Source: Public
Access: Maintained; Paved
View Type: City Lights; Glacier; Lake; Mountains
Listing Terms Financing: Cash; Conventional
Supplements
and is the best location on the Kenai Peninsula for visibility and traffic as visibility is approximately 1/2 mile in all three directions and is the most heavily traveled intersection in Homer. The two main "focal points" in Homer are the US Post Office & McDonald's and this parcel is located right in between them on the Sterling Highway.
The first story of the the main building has about 8-9,000 sf of space and the second story has 1800-2000 sf of space. The second story is not yet completed. The partially completed 2nd story has a master suite, 2 guest bedrooms, living room, dining room, 2 baths, utility room, and kitchen. It was designed to have owner live upstairs, with business downstairs. The first story is currently used as a retail store, with 2 baths. There is an attached warehouse which is mostly finished and contains 2 bedrooms, kitchen, 2 baths (1 upstairs and 1 downstairs) which has been set up as living quarters. Retail store contains over $1 million in inventory which has not been included in sale price but could be negotiated.
Sellers open to buyers outside of United States
IDX
Listing Office: Sun Properties, LLC
Last Updated: October - 18 - 2025
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.