3595 Restaurant Street,Soldotna, AK 99669
Soldotna, AK 99669
Description
Established Kenai Peninsula Commercial Investment - Real Estate, Businesses & Residential Income Exceptional opportunity to acquire a diversified commercial investment on the Kenai Peninsula combining 17,282 square feet of commercial and residential improvements, established restaurant and sports-bar operations, two liquor licenses, three residential apartment units. PICTS NOT ACTUAL PROPERTY Combined real estate and businesses + associated land and parking in one offering. This is an established operating property with multiple potential income streams and substantial existing improvements, offering an investor or owner-operator the opportunity to acquire both the operating businesses and the underlying real estate. Investment HighlightsApproximately 17,282 SF of total improvementsApproximately 1.17 acresEstablished full-service restaurantLarge dining and banquet/event facilitiesPopular sports-bar operationOutdoor seating and entertainment areaTwo liquor licenses, subject to applicable transfer approvalsCommercial kitchen, bar, furniture, fixtures and operating equipment, subject to final asset scheduleThree residential apartment unitsTwo 2-bedroom apartmentsOne 3-bedroom apartmentTwo-vehicle garageAmple customer and business parkingEstablished operating history and local customer baseReal estate and operating businesses included in the offeringBusiness & Income Performance The combined hospitality businesses generated Multi-million in 2025 revenue. 2025 Adjusted SDE: approximately $465,000Weighted Normalized SDE: approximately $407,000 The three residential units provide additional rental-income potential: Two 2-bedroom units at approximately $1,600/month eachOne 3-bedroom unit at approximately $2,000/monthPotential Residential Rental Income: $5,200/monthPotential Residential Rental Income: $62,400 annually Apartment-related operating expenses have historically been reflected within the property's operating financials; however the rental income has not been reflected in current financials. Based upon normalized business SDE plus potential residential rental income, the property provides a combined income indication of approximately $469,500 annually before financing and buyer-specific adjustments. Alaska LNG Growth Potential The property is strategically located in the greater Kenai Peninsula area, within the region that could experience significant economic activity associated with the proposed Alaska LNG project and planned Nikiski LNG facilities. If the project proceeds as currently proposed, large-scale construction, workforce requirements and associated economic activity could create increased demand for housing, restaurants, entertainment, services and other businesses throughout the Kenai/Nikiski area. The property's combination of established hospitality operations, residential rental units, commercial improvements and substantial parking may position it to participate in potential future regional growth. Complete Investment Offering $3,595,000 Offering includes the real estate, established restaurant and sports-bar businesses, two liquor licenses subject to transfer approval, customary operating furniture, fixtures and equipment, residential apartment units and associated improvements. Detailed financial statements, SDE calculations, asset schedules, property information and additional business information available to qualified prospective purchasers.
Details
| MLS # | 26-11179 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1958 |
| Days On Site | 28 |
| Listing Provided By | Mossy Oak Properties of Alaska - Wasilla | Thomas M Lucas III |
Features
| SQ Feet | 17,282 |
|---|---|
| Story(s) | 2 |
| Zoning | RMKS - See Remarks |
| Acreage | 1.17 |
| Property View | City Lights, Unobstructed |
Interior
| Heating | Natural Gas |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Roof | Other |
|---|---|
| Construction Materials | Other |
| Foundation Details | Poured Concrete, Other |
| Exterior Sp Finish Co Exterior Sp Finish | Stucco, Wood, Other - See Remarks |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Access Co Access | Government, Maintained, Paved |
|---|
Taxes
| Tax Annual Amount | 7900 |
|---|---|
| Tax Year | 2026 |
| Tax Map Number | N/A |
| Tax Legal Description | Confidential listing tax ID not disclosed |
Area Information
| State | AK |
|---|---|
| City | Soldotna |
| Zip Code | 99669 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Soldotna |
| Listing VS Median (in 99669) | |
Price: $3,595,000 low | high Med: $435,000 sqft: 17,282 low | high Med: 2,016 $ / sqft: $208 low | high Med: $216 On site: 28 low | high Med: 129 | |
Request a showing
Request a showing
Contact
Learn More About This Property
| State | AK |
|---|---|
| City | Soldotna |
| Zip Code | 99669 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Soldotna |
| Listing VS Median (in 99669) | |
Price: $3,595,000 low | high Med: $435,000 sqft: 17,282 low | high Med: 2,016 $ / sqft: $208 low | high Med: $216 On site: 28 low | high Med: 129 | |