41420 Sterling Highway, Homer, Alaska

  • $1,250,000
  • 1,632
  • 11.46
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This is THE LOCATION at the corner of STERLING HWY and DIAMOND RIDGE RD! 11.46 acres leveled and filled. This site is ready to go! Power and natural gas available. PLUS a 2 BEDROOM HOME that could be subdivided off, resold or used as a base of operations. The parcels are Zoned Industrial Mixed Use which allows for many uses-light/ heavy industrial, commercial, residential, institutional or publicCurrently the owners occupy the secluded home. The primary value is in the land however the home is independent and privately accessed by a separate driveway. The owners have a lease on a portion of the vacant land with Anchorage Sheds. income is $1000/month and the lease may be cancelled with 6 months notice from either party. There is a huge area that could also be land leased although the property calls for a commercial development-retail, RV, shop facilities, etc... The Borough installed a 10000 gallon water tank several years ago to supplement fire fighting in area and they are no longer using it, and that is available as a secondary water source. NE corner of the aggregated property has good soils for septic. Covenants may be easily amended or eliminated since the Sellers are the majority owners required to do so...

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Essential Information

  • MLS® # 19-12100
  • Price $1,250,000
  • Square Footage 1,632
  • Acres 11.46
  • Year Built 1984
  • Type Commercial Property
  • Style Mixed Use
  • Status Active

Community Information


  • Features Automotive Allowed, Living Quarters, Corner Lot
  • View Inlet, Mountains, Partial


  • Heating Radiant, Stove
  • # of Stories 2

Additional Information

  • Date Listed July 19th, 2019
  • Days on Market 263
  • Zoning RMKS - See Remarks

Listing Details

  • Listing Office: Homer Real Estate


  • $/SqFt $766

Neighborhood Information

Moderate Residential Turnover, Coastal Area

  • Icon of money $595,000

    Median Price

  • Icon of a grid layout $346

    Median Price/Sqft

  • Icon of a bar graph 97.31%

    Sale/List Ratio

  • Icon of a house 122

    # of Homes SoldWithin the Last Year

  • Icon of a person walking 0/100

    Walk Score®Car-Dependent

  • Icon of a raincloud 25.45″

    Annual Precipitation

  • Icon of a sun 29.30°F /61.00°F

    Avg. Highs -

  • Icon of a cloud and moon 17.50°F /47.20°F

    Avg. Lows -

  • Icon of a group of people 10,422

    PopulationBased on Nearest ZIP Code

  • Icon of a person 39

    Median Age

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Listing information last updated on April 5th, 2020 at 8:49am AKDT.