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510 E Pioneer Avenue, Homer, Alaska

$150,000
  • $150,000
  • 1,714
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An AFFORDABLE PRICE to purchase this iconic Homer eatery serving breakfast and lunch specialties to foodies since 2003. Walk right in and start making delicious meals and consistent revenue. Sale includes all recipes, website, business name, furniture, fixtures, equip, transferable beer and wine license, and an upstairs furnished apartment. Check out the supplement for easy building lease termsThe Sellers will lease the building to the new business owner for $2000/month for three years. At any time the new business owner can purchase the building for $375000 or at the end of 3 years the parties may be open to renewing the lease by mutual agreement, with a market price increase in rents. This location can't be beat-in the heart of town within walking distance to both the college and high school campuses, fire hall, police station and local galleries! Plus Cosmic Kitchen is directly across the street from the Homer City Hall where overflow parking is permitted on the City lower level lot. There is a vibrant "to go" business as well as catering AND room for 38 hungry guests either inside or in the "all season" covered deck area, and seating for 32 more on the open deck. Deck diners also benefit from the great south facing views to Kachemak Bay and the mountains and glaciers across the Bay. This business has been nurtured and supported by a well established staff, many of whom would love to stay on. There is a great vibe-regulars are greeted by their first names, vibrant colors inside and out cheer everyone every season, and the delicious eclectic menu satisfies every palate. Speaking of the menu-items have been tested, proven and lauded for years, so the base is solid. Plus lunch and dinner specials will give you the chance to showcase your creative, culinary skills. Another big plus is that you can choose to live upstairs and be close to the action or the upstairs apartment could be an additional revenue source as a vacation rental or staff quarters. Sellers are retiring but they love this business they have created and they will provide transitional training so that you can step in and succeed immediately. Do not miss out on this opportunity!!!

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Essential Information

  • MLS® # 19-16703
  • Price $150,000
  • Square Footage 1,714
  • Acres 0.00
  • Type Business Op
  • Sub-Type Restaurant
  • Status Active

Community Information

  • Address 510 E Pioneer Avenue
  • Area 490 - Homer
  • Subdivision No real property
  • City Homer
  • State Alaska
  • Zip Code 99603

Amenities

  • Features Living Quarters, DSL/Cable Available, Floor Drain(s), In City Limits, Master Meter - Elec, On-Site Parking, Restroom(s)-Handicap, Stand Alone Unit
  • View Mountains, Glacier

Interior

  • Heating Stove, Radiant
  • # of Stories 2

Additional Information

  • Date Listed October 3rd, 2019
  • Days on Market 50
  • Zoning CBD - Central Business District

Listing Details

  • Listing Office: Homer Real Estate

Financials

  • $/SqFt $88

Neighborhood Information

Moderate Residential Turnover, Coastal Area

  • Icon of money $299,000

    Median Price

  • Icon of a grid layout $131

    Median Price/Sqft

  • Icon of a bar graph 97.38%

    Sale/List Ratio

  • Icon of a house 109

    # of Homes SoldWithin the Last Year

  • Icon of a person walking 51/100

    Walk Score®Somewhat Walkable

  • Icon of a raincloud 25.45″

    Annual Precipitation

  • Icon of a sun 29.30°F /61.00°F

    Avg. Highs -
    Jan/July

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

    Avg. Lows -
    Jan/July

  • 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 November 21st, 2019 at 5:49pm AKST.