20908 Bill Stephens Drive, Chugiak, AK 99567 (MLS# 26-8013)

20908 Bill Stephens Drive, Chugiak, AK 99567

$1,600,000

Property Type: Commercial Sale Square Footage: 10,819 Lot Size (sq. ft.): 71,438 Status: Active

Current Price: $1,600,000 Last Modified: 7/01/2026

Overview

Description

Rare opportunity to own a well-established, highly successful turnkey restaurant celebrating its 50th anniversary this year. The owner is ready to retire, offering a unique chance to acquire the business, commercial property, and residence all in one exceptional package. Bella Vista Pizzeria & Restaurante has long been a Chugiak favorite, known for its authentic Italian and Mediterranean cuisine

Supplements: served in a warm, inviting atmosphere. The 7,674 SF restaurant features seating for 115 on the main level with a cozy gas fireplace, plus two upstairs banquet rooms accommodating approximately 80 and 70 guests--ideal for private events and large gatherings. The property includes a beer and wine license, fully equipped commercial kitchen, fire supp ... (Read more)

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Listing Details MLS# 26-8013

Contract Info

Price-List: 1600000
Date-Listing: 2026-07-01
EM Minimum Deposit: 16000
Foreclosure/Bank Own: No

Location Tax and Legal

Area: 100 - Chugiak/Peters Crk
Street #: 20908
Street Name: Bill Stephens
Arterial: Drive
Closest USPS Town: Chugiak
State: AK
Zip Code: 99567

Property Info

Type of Property: Mixed Use
Building Type: Class B
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Owner Occupied
% of Space Leased: 100
Acres: 1.64
SF-Lot: 71438
Lot Area Source: Tax Authority
SF-Res: 10819
Floors: 3
Zoning: CE-B-3 General Busines
Year Built: 1977

Directions and Remarks

Directions: Glenn Hwy to South Peters Creek Exit, Left under the Glenn Hwy., Left again on Bill Stephen's Drive property is on the right.

Building Info

Building Name: Bella Vista

Office

Office Apx SF: 6000

More Information

Retail

SF-Retail Apx: 6000

Location, Tax and Legal

Region: 1 - Southcentral Alaska Region
Borough/Census Area: 1A - Anchorage Municipality
Grid # (Muni Anch): NW1360
Tax Map #-Mat-Su: N/A
Legal: Peters Creek L2 B1 Plat #P-479
Taxes (Estimated): 18815.28
Tax Year: 2026

To Show

ShowingTime: Yes

Listing Terms Financing

Cash: Yes
Conventional: Yes
Owner Finance: Yes
See Remarks: Yes

Primary Space

Hospitality: Yes
Office/Retail: Yes
Retail: Yes

Exterior Finish

Stucco: Yes
Wood: Yes

Heating

Baseboard: Yes
Natural Gas: Yes
Radiant: Yes

Roof Type

Bitumen/Torch Down: Yes
Shake: Yes
Shingle: Yes
Wood: Yes

Construction Type

Wood Frame: Yes

View Type

Mountains: Yes
Unobstructed: Yes

Foundation

Block: Yes
Poured Concrete: Yes

Flooring

Carpet: Yes
Laminate: Yes
Tile: Yes
Linoleum: Yes
Vinyl: Yes

Walls

Sheetrock: Yes
Wood: Yes

Access

Dedicated Road: Yes
Government: Yes
Maintained: Yes
Paved: Yes

Sewer

Septic Tank: Yes

Value/Income/Expense

Assessed Value - Total: 1298500

Water Source

Public: Yes

Features-Commercial

3 Phase Electric: Yes
DSL/Cable Available: Yes
Floor Drain(s): Yes
HW Heater - Gas: Yes
Living Quarters: Yes
Master Meter - Elec: Yes
Master Meter - Gas: Yes
On-Site Parking: Yes
Restroom(s)-Private: Yes
Separate Meter-Elec: Yes
Separate Meter-Gas: Yes
Stand Alone Unit: Yes
Other - See Remarks: Yes

Documents

Docs Posted on MLS: Yes
Inventory List: Yes
P & L: Yes

Property Features

Primary Space: Hospitality; Office/Retail; Retail Heating: Baseboard; Natural Gas; Radiant Exterior Finish: Stucco; Wood Construction Type: Wood Frame Foundation: Block; Poured Concrete Roof Type: Bitumen/Torch Down; Shake; Shingle; Wood Flooring: Carpet; Laminate; Tile; Linoleum; Vinyl Walls: Sheetrock; Wood Sewer: Septic Tank Water Source: Public Features-Commercial: 3 Phase Electric; DSL/Cable Available; Floor Drain(s); HW Heater - Gas; Living Quarters; Master Meter - Elec; Master Meter - Gas; On-Site Parking; Restroom(s)-Private; Separate Meter-Elec; Separate Meter-Gas; Stand Alone Unit; Other - See Remarks Access: Dedicated Road; Government; Maintained; Paved View Type: Mountains; Unobstructed To Show: ShowingTime Listing Terms Financing: Cash; Conventional; Owner Finance; See Remarks Documents: Docs Posted on MLS; Inventory List; P & L

Documents

Plat Map ›

Equipment & Inventory List ›

IDX

Listing Office: RE/MAX Dynamic Properties - Eagle River Branch

Last Updated: July - 01 - 2026

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.