120 W Bunnell AVE, Homer, AK 99603
120 W Bunnell AVE, Homer, AK 99603
120 W Bunnell AVE, Homer, AK 99603
120 W Bunnell AVE, Homer, AK 99603
120 W Bunnell AVE, Homer, AK 99603
120 W Bunnell AVE, Homer, AK 99603
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$ 2,500,000
Est. payment | /mo

3,831 SqFt


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$ 2,500,000
Est. payment | /mo
Save

3,831 SqFt

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 3,831 sqft

Price per Sqft $652

MLS Listing ID 26-6997

Construction Status Existing Structure

Year Built 1941

Lot Size 0.430 Acres

Acres 0.43

Source Alaska Multiple Listing Service

Property Description

A rare opportunity to own a true piece of Homer history. Established in 1941, AJ's OldTown Steakhouse & Tavern has served generations of Alaskans and visitors alike from the same iconic location for more than eight decades. Widely recognized as one of Homer's oldest continuously operating restaurants and taverns, this landmark business has earned its place as a gathering spot where stories are shared, friendships are forged, and traditions endure.

Over the years, the establishment has evolved through several celebrated chapters--from the original Homer Cafe & Club to the legendary Waterfront, famous throughout the Kenai Peninsula for its steaks, hospitality, and live entertainment. Local icons, fishermen, artists, travelers, and residents have all found their way through its doors, creating a legacy that remains unmatched in the region.

Today, AJ's continues that tradition as a thriving steakhouse and tavern known for exceptional food, spirits, entertainment, and authentic Alaskan hospitality. Included in the offering are the restaurant business, valuable liquor license, building improvements, and four parcels of land, providing both immediate operating income and future development potential.

Properties with this level of history, community recognition, and goodwill rarely come to market. Whether you envision continuing the legacy of one of Alaska's most beloved dining establishments or expanding upon its storied foundation, AJ's OldTown Steakhouse & Tavern offers a once-in-a-generation opportunity to own a landmark destination in the heart of Homer.

*Business, liquor license, improvements, and four parcels included in sale. Financial information available to qualified buyers upon execution of appropriate confidentiality agreements.*

Location

State AK

Area 490 - Homer

Zoning CBD - Central Business District

Direction From Pioneer Ave or the Bypass, take Main Street South to Bunnell Ave, then right and see AJ's on your right adjacent to the Bunnell Street Gallery.

Interior

Heating Forced Air, Natural Gas

Flooring Carpet, Tile

Exterior

Water Access Desc Public

Roof Type Composition,Asphalt

Accessibility , Paved, Maintained

Building

Foundation Poured Concrete

Lot Size Range 0.43

Sewer Public Sewer

Water Public

New Construction No

Construction Status Existing Structure

Others

Tax ID 17516023

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Alaska MLS
Listed by Story Real Estate

Nearby Locations

Rad Mercado Barbosa

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120 W Bunnell AVE