475 E Pioneer Avenue, Homer, AK 99603

$995,000
Property Type: Commercial Sale Square Footage: 2,665 Lot Size (sq. ft.): 8,276 Status: Closed
Current Price: $995,000 Last Modified: 1/17/2026

Description

This prime centrally located property offers a blank slate for your next venture. With a 1-bedroom apartment above and commercial space below, you can operate a storefront, office, or studio while enjoying rental income or live on site and grow your business from the ground up. Zoned for business and bursting with potential, this is the perfect place to plant roots in Homer's dynamic downtown.

Supplements: The Fireweed Gallery was meticulously planned, expertly constructed, built to last, and has been a Pioneer Ave mainstay since 2000. The main level is currently a beautiful art gallery, but that area can easily be divided into two spaces, each with separate entrances, for retail, office or cafe. And the upstairs apartment is another moneymaker making this a perfect investment opportunity! So many options...The Seller planned this space with a number of features, framing in a second front entrance (now a window) and a separate back door (now part of the monthly exhibit area). There is one ADA bathroom on the main level east side, and a break room with plumbing on the west side of the building. This could be a second restroom if the open area was subdivided. Electric and plumbing are easily accessed for any changes since all of the building infrastructure is in the crawlspace. Plus all of the Building plans are all available for review. The upstairs one bedroom apartment is surprisingly spacious with so much storage capacity. It is furnished, and it has a good view of Kachemak Bay. Currently the apartment is rented to the local hospital on a month to month basis, for transient professionals, but it could also be perfect for an owner occupant or a very productive seasonal rental. The art gallery is also available for purchase and can be negotiated separately, however it is not required to sell with the building. The Seller will need 90 days to vacate.

More Information MLS# 25-8098

Contract Info

Price-List: 995000 Date-Listing: 2025-06-27 Status: Closed Foreclosure/Bank Own: No

Sold Info

Date-Pending: 2025-12-15 Date-Closing: 2026-01-16

Location Tax and Legal

Area: 490 - Homer Street #: 475 Directional: E Street Name: Pioneer Arterial: Avenue Closest USPS Town: Homer State: AK Zip Code: 99603

Property Info

Type of Property: Mixed Use Building Type: Class A Realtor.com Type: Commercial Construction Status: Existing Structure Building Status: Owner Occupied Acres: 0.19 SF-Lot: 8276.4 Lot Area Source: Tax Authority SF-Res: 2665 Floors: 2 Zoning: CBD - Central Business District Year Built: 2000

Directions and Remarks

Directions: Key Pioneer Ave location on the corner of Pioneer Ave and Kachemak Way across from City Hall.

Building Info

Building Name: Fireweed Gallery

Retail

SF-Retail Apx: 1864

Property Features

Primary Space: Retail Heating: Natural Gas Exterior Finish: Other - See Remarks Construction Type: Wood Frame - 2x6 Foundation: Quad-Lock Roof Type: Asphalt Flooring: Carpet; Tile; Painted/Stained Walls: Sheetrock Sewer: Public Sewer Water Source: Public Features-Commercial: Corner Lot; DSL/Cable Available; In City Limits; Living Quarters; Master Meter - Elec; Master Meter - Gas; On-Site Parking; Restroom(s)-Handicap; Stand Alone Unit Access: Government; Maintained; Paved View Type: Bay; Glacier; Mountains; Partial; Spit Listing Terms Financing: Cash; Conventional Documents: Docs Posted on MLS; Floor Plan
Listing Office: Homer Real Estate
Last Updated: January - 17 - 2026
475 E Pioneer Avenue, Homer, AK 99603- MLS# 25-8098
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.