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: 6/12/2026

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 residents have all found their way through its doors, creating a legacy that remains unmatched in the region. Today, AJ's continues that tradition as a thriving steakhouse and tavern known for exceptional food, spirits, entertainment, and authentic Alaskan hospitality. Included in the offering are the restaurant business, valuable liquor license, building improvements, and four parcels of land, providing both immediate operating income and future development potential. Properties with this level of history, community recognition, and goodwill rarely come to market. Whether you envision continuing the legacy of one of Alaska's most beloved dining establishments or expanding upon its storied foundation, AJ's OldTown Steakhouse & Tavern offers a once-in-a-generation opportunity to own a landmark destination in the heart of Homer. *Business, liquor license, improvements, and four parcels included in sale. Financial information available to qualified buyers upon execution of appropriate confidentiality agreements.*

More Information MLS# 26-6997

Contract Info

Price-List: 2500000 Concessions YN: No Date-Listing: 2026-06-12 Status: Active 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.

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
Listing Office: Story Real Estate
Last Updated: June - 12 - 2026
120 W Bunnell Avenue, Homer, AK 99603- MLS# 26-6997
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.