120 W Bunnell Avenue, Homer, AK 99603

$2,500,000
Property Type: Commercial Sale Square Footage: 3,831 Lot Size (sq. ft.): 18,731 Status: Active
Current Price: $2,500,000 Last Modified: 6/23/2026

Overview

Description

A rare opportunity to own a true piece of Homer history. Established in 1941, AJ's OldTown Steakhouse & Tavern has served generations of Alaskans and visitors alike from the same iconic location for more than eight decades. Widely recognized as one of Homer's oldest continuously operating restaurants and taverns, this landmark business has earned its place as a gathering spot where stories are

Supplements: shared, friendships are forged, and traditions endure. Over the years, the establishment has evolved through several celebrated chapters--from the original Homer Cafe & Club to the legendary Waterfront, famous throughout the Kenai Peninsula for its steaks, hospitality, and live entertainment. Local icons, fishermen, artists, travelers, and residen ...

Listing Details MLS# 26-6997

Contract Info

Price-List
2500000
Concessions YN
No
Date-Listing
2026-06-12
EM Minimum Deposit
50000
Foreclosure/Bank Own
No

Location Tax and Legal

Area
490 - Homer
Street #
120
Directional
W
Street Name
Bunnell
Arterial
Avenue
Closest USPS Town
Homer
State
AK
Zip Code
99603

Property Info

Type of Property
Single Use
Realtor.com Type
Commercial
Construction Status
Existing Structure
Building Status
Owner Occupied
Acres
0.43
SF-Lot
18730.8
Lot Area Source
Tax Authority
SF-Res
3831
Zoning
CBD - Central Business District
Year Built
1941

Directions and Remarks

Directions
From Pioneer Ave or the Bypass, take Main Street South to Bunnell Ave, then right and see AJ's on your right adjacent to the Bunnell Street Gallery.

More Information

Property Features

Primary Space: Hospitality Heating: Forced Air; Natural Gas Exterior Finish: Wood Construction Type: Wood Frame Foundation: Poured Concrete Roof Type: Asphalt; Composition Flooring: Carpet; Tile Walls: Wood Sewer: Public Sewer Water Source: Public Features-Commercial: In City Limits Access: Maintained; Paved Listing Terms Financing: Cash; Conventional Documents: Docs Posted on MLS
IDX
Listing Office: Story Real Estate
Last Updated: June - 23 - 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.