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$3,595,000
11 Days On Site

3595 Restaurant Street
Soldotna, AK 99669

For Sale|Mixed Use|Active
0
Beds
0
Total Baths
17,282
SqFt
$208
/SqFt
1958
Built
Listing courtesy of Thomas M Lucas III of Mossy Oak Properties of Alaska - Wasilla
3595 Restaurant Street3595 Restaurant Street3595 Restaurant Street
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Monthly Payment (Est.)

$16,402
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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.

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Listing Snapshot
Price 
$3,595,000
Days On Site 
11 Days
Bedrooms 
N/A
Inside Area (SqFt) 
17,282 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
1.17 Acres
Year Built 
1958
MLS® Number 
26-11179
Status 
Active
Property Tax 
$7,900
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
2 weeks agoListing first seen on site
2 weeks agoListing updated with changes from the MLS®
General Features
Acres 
1.17
Foundation 
Other
Parking Spaces 
40
Property Sub Type 
Mixed Use
Sewer 
Public Sewer
SqFt Total 
17282
Water Source 
Public
Zoning 
RMKS - See Remarks
Interior Features
Flooring 
See RemarksOther
Heating 
Natural Gas
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Exterior Features
Construction Details 
OtherStuccoWood Siding
Lot Features 
Corner Lot
Roof 
Other
View 
City Lights
Waterview 
City Lights
Community Features
MLS Area 
1B - Kenai Peninsula Borough
Financing Terms Available 
CashConventional1031 ExchangeLease Option
Roads 
Paved

The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than eXp Realty, Inc. are marked with either the listing brokerage's logo or 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. Listing Information is updated daily. Copyright 2026 Alaska Multiple Listing Service, Inc. All Rights Reserved.
Last checked: 2026-09-11 09:35 PM UTC. Data Services Provided by Showcase IDX.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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