← Back to search

3695 Lake Street, Homer, AK 99603

Property Type: Commercial Sale Square Footage: 10,800 Lot Size (sq. ft.): 251,777 Status: Active
Current Price: $4,000,000 Last Modified: 2/28/2023


This property can be your ''Gold-Mine''. Currently used for large retailer. Sits on 6 acres of land in the Central Business District on the most prime location in of Homer. It is the only ''whole parcel'' of acreage left in Homer and is the most valued commercial piece of land. Located at the only signal light in Homer at the corner of the Sterling Highway and Lake Street, (See Supplement).

Supplements: and is the best location on the Kenai Peninsula for visibility and traffic as visibility is approximately 1/2 mile in all three directions and is the most heavily traveled intersection in Homer. The two main "focal points" in Homer are the US Post Office & McDonald's and this parcel is located right in between them on the Sterling Highway. The first story of the the main building has about 8-9,000 sf of space and the second story has 1800-2000 sf of space. The second story is not yet completed. The partially completed 2nd story has a master suite, 2 guest bedrooms, living room, dining room, 2 baths, utility room, and kitchen. It was designed to have owner live upstairs, with business downstairs. The first story is currently used as a retail store, with 2 baths. There is an attached warehouse which is mostly finished and contains 2 bedrooms, kitchen, 2 baths (1 upstairs and 1 downstairs) which has been set up as living quarters. Retail store contains over $1 million in inventory which has not been included in sale price but could be negotiated. Sellers open to buyers outside of United States

More Information MLS# 23-1745

Contract Info

Price-List: 4000000 Date-Listing: 2023-02-28 Status: Active Commission Type: $ Commission to SO: 150000 EM Minimum Deposit: 45000 Foreclosure/Bank Own: No

Location, Tax and Legal

Region: 1 - Southcentral Alaska Region Borough/Census Area: 1B - Kenai Peninsula Borough Area: 490 - Homer Street #: 3695 Street Name: Lake Arterial: Street Closest USPS Town: Homer State: AK Zip Code: 99603 Grid # (Muni Anch): N/A Tax Map #-Mat-Su: N/A Legal: Waddell Park 2000 L1

Property Info

Type of Property: Mixed Use Realtor.com Type: Commercial Construction Status: Existing Structure Acres: 5.78 SF-Lot: 251776.8 Lot Area Source: Owner SF-Res: 10800 Floors: 2 Zoning: CBD - Central Business District Year Built: 1996

Directions and Remarks

Directions: Corner of Homer Bypass (Sterling Hwy) and Lake Street in Homer.


SF-Retail Apx: 9000

Property Features

Primary Space: Retail Secondary Space: Land; Office/Retail Heat Type: Radiant Fuel Type: Natural Gas Exterior Finish: Wood Construction Type: Block; Wood Frame - 2x6 Foundation: Poured Concrete Roof Type: Other Flooring Type: Carpet Walls: Sheetrock; Wood Sewer: Public Sewer Water: Public Access: Maintained; Paved View Type: City Lights; Glacier; Lake; Mountains New Finance (Terms): Cash; Conventional
Listing Office: Sun Properties, LLC
Last Updated: February - 28 - 2023
3695 Lake Street, Homer, AK 99603- MLS# 23-1745
The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

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.