3595  St | Image 1
3595  St | Image 2

$3,595,000

For Sale

9 days ago

3595 St, Soldotna, AK

House

MLS® 26-11179

0 Bed

0 Bath

--

40 Parking

  • Key Facts
  • Description
  • Map

Key Facts

Type Mixed Use
Levels Commercial Sale
Size -
Garage 
Taxes $7,900
Days Active 9
Lot Size 1.17 Acres
Approx. Age 1958
MLS® Number 26-11179

Property Address: 3595 Restaurant Street, Soldotna, AK, 99669

Average square foot calculated using Size range provided by listing agent.

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 Highlights Approximately 17, 282 SF of total improvements Approximately 1.17 acres Established full-service restaurant Large dining and banquet/event facilities Popular sports-bar operation Outdoor seating and entertainment area Two liquor licenses, subject to applicable transfer approvals Commercial kitchen, bar, furniture, fixtures and operating equipment, subject to final asset schedule Three residential apartment units Two 2-bedroom apartments One 3-bedroom apartment Two-vehicle garage Ample customer and business parking Established operating history and local customer base Real estate and operating businesses included in the offering Business & Income Performance The combined hospitality businesses generated Multi-million in 2025 revenue. 2025 Adjusted SDE: approximately $465, 000 Weighted Normalized SDE: approximately $407, 000 The three residential units provide additional rental-income potential: Two 2-bedroom units at approximately $1, 600/month each One 3-bedroom unit at approximately $2, 000/month Potential Residential Rental Income: $5, 200/month Potential 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.
MLS® Number26-11179
Laundry Level
Central VacNo
FireplaceNo
Acreage
Exterior
Garage
Approx. Age1958
Basement
Driveway
Garage Spaces
Heat
A/C

Extras

Price History

-End Date
Not Sold YetSold Price

For Sale

Aug 31, 2026List Date
$3,595,000List Price
  • Commute

Commute

Starting Address
Destination Address
3595 St, Soldotna, AK

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