Ask Thomas M Lucas III
3595 Restaurant Street complete package. Restaurant, sports bar, banquet rooms, real property, and apartments.
Description
CONFIDENTIAL KENAI PENINSULA COMMERCIAL INVESTMENT
REAL ESTATE | RESTAURANT | SPORTS BAR | RESIDENTIAL INCOME
A Rare Opportunity to Acquire Established Hospitality Businesses, Commercial Real Estate & Residential Income in One Kenai Peninsula Investment
Kenai Peninsula, Alaska
Approximately 17,282 SF | 1.17± Acres | Restaurant | Sports Bar | Two Liquor Licenses | Three Residential Units
MORE THAN A RESTAURANT. MORE THAN COMMERCIAL REAL ESTATE. A DIVERSIFIED ALASKA INVESTMENT OPPORTUNITY.
Rarely does an opportunity bring together this many income-producing components in a single offering.
This established Kenai Peninsula commercial investment combines approximately 17,282 square feet of commercial and residential improvements, an established full-service restaurant, popular sports-bar operation, banquet and event facilities, outdoor entertainment space, two liquor licenses, three residential apartment units, substantial operating equipment, parking, and the underlying real estate.
For an investor or owner-operator, this creates something substantially different from purchasing a stand-alone restaurant or traditional commercial building.
The businesses are established. The real estate is included. The residential income opportunity already exists.
Acquire the complete operation and build upon an established platform in one of Alaska's most important commercial, tourism, recreation, and energy regions.
A COMPLETE COMMERCIAL, HOSPITALITY & REAL ESTATE INVESTMENT
The strength of this offering lies in its diversification.
The property combines hospitality, food and beverage, entertainment, events, residential housing, and commercial real estate within one investment.
Existing components include:
- Full-service restaurant
- Established sports bar
- Large dining areas
- Banquet and event facilities
- Outdoor seating and entertainment area
- Two liquor licenses, subject to applicable transfer approvals
- Commercial kitchen
- Bar facilities
- Three residential apartment units
- Two-vehicle garage
- Customer and business parking
- Furniture, fixtures and operating equipment
- Approximately 1.17 acres of underlying real estate
Rather than depending upon one potential income source, the property provides an established operating foundation with multiple business and real estate components.
INVESTMENT HIGHLIGHTS
Approximately 17,282 Square Feet of Commercial & Residential Improvements
- Approximately 17,282 SF of total improvements
- Approximately 1.17 acres
- Established Kenai Peninsula hospitality businesses
- Full-service restaurant
- Popular sports-bar operation
- Large dining capacity
- Banquet and event facilities
- Outdoor seating and entertainment area
- Two liquor licenses, subject to applicable transfer approvals
- Commercial kitchen
- Bar furniture, fixtures and equipment
- Customary operating FF&E, subject to final asset schedule
- Three residential apartment units
- Two 2-bedroom apartments
- One 3-bedroom apartment
- Two-vehicle garage
- Ample customer and operational parking
- Established operating history
- Existing local customer base
- Business operations and underlying real estate offered together
- Multiple existing and potential income streams
ESTABLISHED RESTAURANT OPERATION
An Existing Full-Service Hospitality Restaurant / Bar Business + large Banquet Facility
At the heart of the investment is an established full-service restaurant serving the Kenai Peninsula market.
The restaurant component includes substantial dining facilities, commercial food-preparation infrastructure, kitchen equipment, furniture, fixtures, and operating assets, subject to the final asset schedule.
The size and configuration of the property provide flexibility beyond conventional restaurant operations, with space capable of supporting everyday dining as well as larger gatherings and events.
For a new owner, this means acquiring an established operating platform rather than starting from an empty commercial building.
SPORTS BAR & ENTERTAINMENT
Food, Beverage & Entertainment Under One Roof
A popular sports-bar operation provides another major component of the business.
The sports-bar environment complements the restaurant while providing its own customer experience centered around food, beverages, entertainment, social gatherings, and sporting events.
The offering includes two liquor licenses, subject to applicable governmental and transfer approvals.
Combined with the restaurant, banquet facilities, and outdoor entertainment area, the sports-bar operation provides ownership with the ability to serve different customer groups and occasions from the same overall property.
BANQUET, EVENT & ENTERTAINMENT FACILITIES
More Than Everyday Dining
Large dining and banquet areas expand the property's usefulness beyond traditional restaurant service.
The existing layout can accommodate a variety of gatherings and functions, creating potential opportunities associated with:
- Private parties
- Business meetings
- Community events
- Celebrations
- Banquets
- Group dining
- Special events
- Entertainment
- Seasonal functions
An outdoor seating and entertainment component adds another dimension during Alaska's warmer months.
These facilities provide future ownership with multiple ways to utilize the property beyond conventional daily restaurant and bar operations.
RESIDENTIAL INCOME COMPONENT
Three Apartment Units Add Another Dimension to the Investment
One of the property's most significant advantages is the inclusion of three residential apartment units.
The residential component consists of:
- Two 2-bedroom apartments
- One 3-bedroom apartment
Current indicated rental potential is approximately:
- Two 2-bedroom units at approximately $1,600 per month each
- One 3-bedroom unit at approximately $2,000 per month
- Potential combined residential rent: approximately $5,200 per month
- Potential annual residential rent: approximately $62,400
Apartment-related operating expenses have historically been reflected within the property's operating financials; however, the associated residential rental income has not been reflected in the current business financials provided for the offering.
This creates an important additional consideration for investors evaluating the property's overall income potential.
BUSINESS & INCOME PERFORMANCE
Established Revenue with Multiple Potential Income Sources
The combined hospitality businesses generated approximately:
MULTI-MILLION IN 2025 REVENUE
Reported financial analysis indicates:
- 2025 Adjusted SDE: approximately $465,000
- Weighted Normalized SDE: approximately $407,000
When potential residential rental income is considered alongside normalized business SDE, the property provides an indicated combined income opportunity of approximately:
$469,500 ANNUALLY
before financing costs, taxes, depreciation, buyer-specific adjustments, future capital expenditures, and other ownership considerations.
Detailed financial statements, SDE calculations, tax information, and supporting business records are available to qualified prospective purchasers following appropriate confidentiality procedures.
Past performance and indicated rental income are not guarantees of future results.
COMMERCIAL REAL ESTATE
Own the Businesses and the Property Beneath Them
A major distinction of this offering is that the opportunity is not limited to purchasing operating businesses.
The underlying commercial real estate is included.
The approximately 1.17-acre property contains approximately 17,282 square feet of commercial and residential improvements, along with associated land and parking.
This allows a purchaser to acquire both the operating platform and the real estate supporting those operations.
For a long-term investor or owner-operator, that combination can provide significantly different strategic options than leasing a restaurant or hospitality location from a third-party landlord.
ALASKA LNG & NIKISKI REGIONAL GROWTH POTENTIAL
Positioned in a Region with Significant Proposed Energy Investment
The greater Kenai Peninsula is home to Nikiski, the planned location of the LNG liquefaction and export facilities associated with the Alaska LNG project.
The project is being developed in phases, with the currently proposed second phase including LNG liquefaction facilities and related infrastructure in Nikiski.
If Alaska LNG proceeds through future investment decisions and construction as contemplated, major infrastructure development and associated workforce activity could contribute to additional regional demand for:
- Housing
- Restaurants
- Food and beverage services
- Entertainment
- Employee and contractor accommodations
- Retail and consumer services
- Commercial services
With established hospitality operations, residential units, substantial commercial improvements, and customer parking already in place, this property may be positioned to participate in potential future Kenai Peninsula economic activity.
No future Alaska LNG construction schedule, economic impact, customer demand, or benefit to this property is guaranteed and buyers should independently evaluate the project and its potential regional effects.
OWNER-OPERATOR OPPORTUNITY
Acquire an Established Platform and Make It Your Own
For an experienced restaurant, hospitality, or business operator, the offering provides the opportunity to step into an existing operation with substantial infrastructure already in place.
A purchaser can acquire:
The real estate.
The restaurant.
The sports bar.
The liquor licenses, subject to transfer approval.
The residential units.
The commercial kitchen and operating equipment.
The customer base and established operating history.
Instead of assembling these components individually, they are being offered together as one diversified Kenai Peninsula commercial investment.
COMMERCIAL & INVESTMENT OPPORTUNITIES
The existing property configuration may support a variety of current and future strategies, subject to applicable licensing, land-use requirements, governmental approvals, and buyer investigation.
Potential uses and revenue sources include:
- Full-Service Restaurant
- Sports Bar
- Food & Beverage Operations
- Banquets
- Private Events
- Business Meetings
- Entertainment
- Outdoor Dining
- Residential Rentals
- Employee Housing
- Workforce Housing
- Owner-Operator Business
- Hospitality Investment
- Commercial Real Estate Investment
- Multi-Income Property
- Potential LNG-Related Regional Growth Opportunity
WHY THIS OPPORTUNITY STANDS APART
Few commercial offerings combine this many established components.
BUSINESS
Established restaurant and sports-bar operations with approximately $MULTI-million in reported 2025 revenue.
REAL ESTATE
Approximately 17,282 square feet of improvements on approximately 1.17 acres.
RESIDENTIAL
Three apartment units providing approximately $62,400 in indicated annual rental potential based upon the rents provided.
LIQUOR LICENSES
Two liquor licenses included in the contemplated transaction, subject to applicable transfer approvals.
DIVERSIFICATION
Restaurant, bar, events, entertainment, residential rentals, and commercial real estate within one investment.
LOCATION
Positioned on Alaska's Kenai Peninsula, with access to an established local market and potential future regional economic activity.
COMPLETE INVESTMENT OFFERING
$3,595,000
The contemplated offering includes:
- Commercial real estate
- Approximately 17,282 SF of improvements
- Approximately 1.17 acres
- Established restaurant business
- Established sports-bar business
- Two liquor licenses, subject to transfer approval
- Commercial kitchen
- Customary furniture, fixtures and operating equipment, subject to final asset schedule
- Three residential apartment units
- Garage
- Associated land and parking
- Other agreed business assets and improvements
Final inclusions, exclusions, asset allocation, licenses, inventory, and conveyance terms will be established in the purchase agreement.
A BUSINESS. REAL ESTATE. RESIDENTIAL INCOME. ONE KENAI PENINSULA INVESTMENT.
This opportunity brings together something that is increasingly difficult to recreate from the ground up: established businesses, substantial commercial improvements, residential units, liquor licenses, operating infrastructure, parking, and the underlying real estate in one acquisition.
For the investor, it offers diversification.
For the owner-operator, it offers an established platform.
For the entrepreneur, it offers room to build upon existing operations.
And for the long-term purchaser, it provides ownership of the real estate supporting the businesses.
THE BUSINESSES ARE OPERATING. THE REAL ESTATE IS INCLUDED. THE INFRASTRUCTURE IS IN PLACE. THE NEXT CHAPTER BELONGS TO THE NEW OWNER.
CONFIDENTIAL BUSINESS INFORMATION
This is a confidential business and commercial real estate offering.
Detailed financial statements, SDE calculations, asset schedules, operating information, property documentation, and additional confidential materials are available to qualified prospective purchasers following completion of applicable confidentiality and buyer-qualification procedures.
Prospective purchasers should independently verify financial performance, licenses, assets, rental assumptions, property condition, permitted uses, and all information material to their acquisition decision.
NOTABLE FEATURES
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Showing Instructions:
All inquiries and showing requests must be directed exclusively to the listing licensee. Because this is a confidential business offering, interested parties are strictly prohibited from contacting the business, its employees, suppliers, or customers directly. Any attempts to visit the premises, request information, or engage with staff without prior authorization will be considered a breach of confidentiality. Qualified buyers will be provided access to additional details and property tours only after coordinating with the listing licensee and completing any required confidentiality agreements.
Additional Details
Home Details
Additional Info
Financial
Maps
PICS NOT ACTUAL Confidential offering. Business names and specific identifying information are withheld from public marketing and will be provided to qualified prospective purchasers following appropriate buyer completed NDA & Qualifications. The businesses have demonstrated improving operating performance, with Multi-million in combined 2025 revenue and substantial normalized owner cash flow.
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