20908 Bill Stephens Drive, Chugiak, AK 99567
$400,000
Property Type:
Business Opportunity
Square Footage:
7,674
Status:
Active
Current Price:
$400,000
Last Modified:
7/14/2026
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. Bella Vista Pizzeria & Restaurante has long been a Chugiak favorite, known for its authentic Italian and Mediterranean cuisine served in a warm, inviting atmosphere. The 7,674 SF restaurant
Supplements: 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 suppression system, brand-new roof, new make-up air unit, approximately 10-year-old double boiler, office, mechanical room, storage areas, separate employee restroom, four public restrooms, and professionally cleaned carpeting. The Ecolab dishwasher is leased at $120/month. ***Package available to include both residence and commercial building also for sale see MLS #26-8013.***
More Information MLS# 26-8726
Contract Info
Price-List: 400000
Date-Listing: 2026-07-14
Status: Active
Minimum EM Deposit $: 4000
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
Realtor.com Type: Commercial
Construction Status: Existing Structure
Business Name: Bella Vista Pizzaria
Type of Property: No Real Property
SF-Res: 7674
Floors - # of: 2
Zoning: CE-B-3 General Busines
Year Built: 1977
Prkg Spcs: 50
Building Name: Bella Vista
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 Status: Owner
Property Features
Business Type: Bar/Tavern/Lounge; Food Services; Restaurant
Heating: Baseboard; Natural Gas; Radiant
Construction Type: Block; Concrete
Exterior Finish: Stucco
Roof Type: Bitumen/Torch Down
Flooring: Carpet; Concrete; Tile; Linoleum; Luxury Vinyl
Walls: Plaster; Sheetrock; Wood
Foundation: Poured Concrete
Features-Commercial: 3 Phase Electric; HW Heater - Gas; Living Quarters; Master Meter - Elec; On-Site Parking; Restroom(s)-Private; Separate Meter-Gas
Listing Terms Financing: Cash; Owner Finance; See Remarks
Access: Dedicated Road; Maintained; Paved
View Type: Mountains; Unobstructed
Sewer: Septic Tank
Water Source: Public
Docs Avl for Review: Fixt/Furn Lists; Inventory List; P & L
Listing Office: RE/MAX Dynamic Properties - Eagle River Branch
Last Updated: July - 14 - 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.
