3685 Sterling Highway, Homer, AK 99603

$1,650,000
Property Type: Commercial Sale Square Footage: 4,558 Lot Size (sq. ft.): 101,059 Status: Closed
Current Price: $1,650,000 Last Modified: 4/04/2025

Description

Kenai Peninsula Suites is an Entrepreneur's dream! This profitable and established business is ready for new ownership! We proudly boast 5 star reviews from repeat customers that return year after year! Five unique cabins offer the very best of Alaskan flavor with all the comfort, charm, and stunning VIEWS!! Live, work, play in Alaska!!

Supplements: The Cabins all feature custom Spruce furniture, fully equipped kitchenettes, and private porches, all with breathtaking views of the BAY, GLACIERS, and the BEACH below! Our guests leave worries behind while soaking in the HOT TUB , watching EAGLES soar overhead, and WHALES spouting. Imagine topping off a fabulous day with a glorious, jaw dropping MIDNIGHT SUNSET!! This property is just a short drive from the city of HOMER for shopping, medical facilities, hiking, exploring, fine dining, and WORLD CLASS FISHING. Kenai Peninsula Suites is currently cash flowing nicely, however, Buyer could potentially increase the number of rental suites without increasing the building limit by attaching additional suites with kitchenettes to existing structures. For questions regarding expansion, call Will Anderson, Associate Planner with City of Homer. Buyer to perform due diligence. Buyer will receive Website, Booking Software, Social Media, and all the 5 star Reviews with the purchase of the property. To see profit/loss and inventory, please request NDA.

More Information MLS# 24-6915

Contract Info

Foreclosure/Bank Own: No Price-List: 1650000 Date-Listing: 2024-06-04 Status: Closed

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: Bouman's Bluff 2010 Replat L2A

Property Info

Realtor.com Type: Commercial Construction Status: Existing Structure Acres: 2.32 SF-Lot: 101059.2 Lot Area Source: Tax Authority Zoning: RR - Rural Residential Type of Property: Mixed Use SF-Res: 4558 Year Built: 2009

Directions and Remarks

Directions: Sterling Highway just before Milepost 169. Look for the KENAI PENINSULA SIGN on the Bay side of the road.

Listing Terms Financing

Cash: 1

Primary Space

Hospitality: 1

Exterior Finish

Unknown - BTV: 1

Heating

Natural Gas: 1 Other: 1

Roof Type

Unknown - BTV: 1

Construction Type

Unknown: 1

View Type

Bay: 1 Glacier: 1 Inlet: 1 Mountains: 1 Ocean: 1

Foundation

Unknown - BTV: 1

Walls

Unknown - BTV: 1

Access

Government: 1 Maintained: 1 Paved: 1

Sewer

Septic Tank: 1

Water Source

Water Delivered: 1 Holding Tank: 1

Documents

Survey: 1

Sold Info

Date-Pending: 2025-03-11 Date-Closing: 2025-04-04

Location Tax and Legal

Area: 490 - Homer Street #: 3685 Street Name: Sterling Arterial: Highway Closest USPS Town: Homer State: AK Zip Code: 99603

Property Features

Primary Space: Hospitality Heating: Natural Gas; Other Exterior Finish: Unknown - BTV Construction Type: Unknown Foundation: Unknown - BTV Roof Type: Unknown - BTV Walls: Unknown - BTV Sewer: Septic Tank Water Source: Holding Tank; Water Delivered Access: Government; Maintained; Paved View Type: Bay; Glacier; Inlet; Mountains; Ocean Listing Terms Financing: Cash Documents: Survey

Documents

Listing Office: RE/MAX Dynamic Properties
IDX
Last Updated: April - 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.