MatSu Living

195 E Pioneer Avenue, Homer, AK 99603

$2,195,000
Property Type: Commercial Sale Square Footage: 4,096 Lot Size (sq. ft.): 43,560 Status: Active
Current Price: $2,195,000 Last Modified: 7/31/2026

Description

An Iconic Homer Landmark & Turnkey Investment Opportunity Own one of Homer's most recognizable and beloved entertainment venues. Alice's Champagne Palace has been a community gathering place for decades, drawing both locals and visitors with its vibrant atmosphere, live music, special events, and rich history.

Supplements: Situated on approximately one acre in a highly visible location along busy Pioneer Avenue, this exceptional commercial property offers more than 4,000 square feet under roof and is fully equipped for continued operation. Its spacious layout provides the flexibility to host concerts, private events, dining, and entertainment on a scale few properties in Homer can accommodate. An additional commercial space is currently leased to a popular drive-thru coffee shop, providing established rental income and enhancing the property's investment potential. With its established reputation, loyal customer base, and prime location in the heart of town, Alice's Champagne Palace presents a rare opportunity to acquire a truly turnkey business and commercial real estate investment. Whether you're looking to continue its legacy or bring your own vision to this iconic venue, the possibilities are as exciting as the property's history. This is a once-in-a-generation opportunity to own a cornerstone of Homer's entertainment scene.

More Information MLS# 26-9603

Contract Info

Price-List: 2195000 Date-Listing: 2026-07-31 Status: Active EM Minimum Deposit: 20000 Foreclosure/Bank Own: No

Location Tax and Legal

Area: 490 - Homer Street #: 195 Directional: E Street Name: Pioneer Arterial: Avenue Closest USPS Town: Homer State: AK Zip Code: 99603

Property Info

Type of Property: Mixed Use Realtor.com Type: Commercial Construction Status: Existing Structure % of Space Leased: 10 Acres: 1 SF-Lot: 43560 Lot Area Source: Tax Authority SF-Res: 4096 Floors: 3 Zoning: CBD - Central Business District Year Built: 1976

Directions and Remarks

Directions: In the heart of Homer in the Business district located downtown on Pioneer Avenue.

Property Features

Primary Space: Hospitality; Land; Retail Secondary Space: Land Heating: Forced Air; Natural Gas Exterior Finish: Wood Construction Type: Wood Frame Foundation: Block; Poured Concrete Roof Type: Metal Flooring: Hardwood; Linoleum Walls: Paneled; Sheetrock; Wood Sewer: Public Sewer Water Source: Public Features-Commercial: In City Limits; Loading Dock; On-Site Parking; Restroom(s)-Private Access: Government; Maintained View Type: Bay; Glacier; Mountains; Ocean To Show: ShowingTime Listing Terms Financing: Cash; Conventional Documents: Docs Posted on MLS; Package Available

Documents

Listing Office: Berkshire Hathaway HomeServices Alaska Realty
Last Updated: July - 31 - 2026
195 E Pioneer Avenue, Homer, AK 99603- MLS# 26-9603
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.
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