120 W Bunnell Avenue,Homer, AK 99603
Homer, AK 99603
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.*
Details
| MLS # | 26-6997 |
|---|---|
| Listing Type | For Sale |
| Style | Commercial |
| Sub-Type | Resale |
| Status | Active |
| Year | 1941 |
| Days On Site | 74 |
| Listing Provided By | Story Real Estate | Christopher L Story |
Features
| SQ Feet | 3,831 |
|---|---|
| Zoning | CBD - Central Business District |
| Acreage | 0.43 |
Interior
| Heating | Forced Air, Natural Gas |
|---|---|
| Heating Yes / No | Yes |
Exterior
| Roof | Asphalt, Composition |
|---|---|
| Construction Materials | Wood Frame |
| Foundation Details | Poured Concrete |
| Exterior Sp Finish Co Exterior Sp Finish | Wood |
Utilities
| Sewer | Public Sewer |
|---|
Location
| Access Co Access | Maintained, Paved |
|---|
Taxes
| Tax Map Number | N/A |
|---|---|
| Tax Legal Description | T 6S R 13W SEC 19 SEWARD MERIDIAN HM THAT PORTION OF GOVT L6 AS PER WD 164 @ 566 |
Area Information
| State | AK |
|---|---|
| City | Homer |
| Zip Code | 99603 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Homer |
| Listing VS Median (in 99603) | |
Price: $2,500,000 low | high Med: $619,000 sqft: 3,831 low | high Med: 1,200 $ / sqft: $653 low | high Med: $516 On site: 74 low | high Med: 98 | |
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Learn More About This Property
| State | AK |
|---|---|
| City | Homer |
| Zip Code | 99603 |
| Area | 1B Kenai Peninsula Borough |
| Subarea | Homer |
| Listing VS Median (in 99603) | |
Price: $2,500,000 low | high Med: $619,000 sqft: 3,831 low | high Med: 1,200 $ / sqft: $653 low | high Med: $516 On site: 74 low | high Med: 98 | |
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