$750,000
927 S Cobb Street
Palmer, AK 99645
MLS# 25-5325
1332 sqft


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Property Description
A rare opportunity to own a fully renovated, code-compliant restaurant property in historic downtown Palmer. Located at 927 S Cobb Street, this pre-statehood cottage has been thoughtfully upgraded in 2022 with new flooring, heating, plumbing, electrical, and ADA accessibility, while preserving its original character.

Details
Maps
Documents
Contract Info
Foreclosure/Bank Own: No
Price-List: 750000
Date-Listing: 2025-05-08
Status: Active
Location, Tax and Legal
Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1D - Matanuska Susitna Borough
Grid # (Muni Anch): N/A
Tax Map #-Mat-Su: PA12
Legal: Snodgrass M D Addn Palmer Townsite L10 B3
Property Info
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Owner Occupied
Acres: 0.14
SF-Lot: 6098.4
Lot Area Source: Other
Zoning: CG - General Commercial (re: City Palmer)
Floors: 2
Type of Property: Single Use
SF-Res: 1332
Year Built: 1950
Directions and Remarks
Directions: From Glenn Hwy to right on Evergreen, right on Cobb, property will be on the left.
Location Tax and Legal
Area: PA - Palmer
Street #: 927
Directional: S
Street Name: Cobb
Arterial: Street
Closest USPS Town: Palmer
State: AK
Zip Code: 99645
Property Features
Supplements
The property includes a fully equipped Alaska DEC-approved commercial kitchen, daylight basement bakery, espresso bar, and two dining rooms with seating for up to 35 guests. Large east-facing windows offer stunning views of Matanuska Peak and the Chugach Range. Situated on a high-visibility lot with lush green space and mature birch trees, the site is within walking distance of Palmer's downtown attractions and seasonal events. The sale includes all furnishings, kitchen equipment, and POS hardware, with a rare Restaurant/Eating Place Beer & Wine License available for transfer upon negotiation. Zoned Commercial General with dedicated parking, this property is ready for immediate occupancy and business launch. The property is a narrow lot  approximately 50' wide - stretching between Cobb St. and a service alley with a multi-family home to the north and a non-operational commercial property to the south. The site is visible from S Colony Way and Evergreen Ave - two major roads in Palmer. The property has plenty of garden/green space, including two very old and stately birch trees that make the property stand out against the surrounding businesses. 927 S Cobb St sits just southwest of Palmer's downtown and is walking distance to Palmer's Friday Fling, the new Poppy Lane location, the Colony Way bars, and the Matanuska Farmer's Market. This is a great spot to capture the tourist traffic during Colony Days, Colony Christmas, and the Alaska State Fair. The restaurant's east-facing dining room boasts three huge windows with views of Matanuska Peak and the Chugach Range, often illuminated by the setting sun. Palmer & South Cobb Street offer a neighborhood atmosphere just a short drive from Wasilla, Eagle River, and Anchorage. Please review additional details under documents!

IDX
Listing Office: Alaska Realty & Investments

Last Updated: December - 04 - 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.