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$2,500,000
New Listing

120 W Bunnell Avenue
Homer, AK 99603

For Sale|Commercial Sale|Active
0
Beds
0
Total Baths
3,831
SqFt
$653
/SqFt
1941
Built
County:
Kenai Peninsula Borough
Listing courtesy of Christopher L Story of Story Real Estate
Call Now: 123-456-789
Is this the listing for you? We can help make it yours.
123-456-789
120 W Bunnell Avenue120 W Bunnell Avenue120 W Bunnell Avenue120 W Bunnell Avenue
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Monthly Payment (Est.)

$11,406
Calculator powered by Showcase IDX, a Constellation1 Company. Copyright ©2026 Information is deemed reliable but not guaranteed.

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 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.*

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Listing Snapshot
Price 
$2,500,000
Days On Site 
0 Days
Bedrooms 
N/A
Inside Area (SqFt) 
3,831 sqft
Total Baths 
N/A
Full Baths 
N/A
Partial Baths 
N/A
Lot Size 
0.43 Acres
Year Built 
1941
MLS® Number 
26-6997
Status 
Active
Property Tax 
N/A
HOA/Condo/Coop Fees 
N/A
Sq Ft Source 
N/A
Friends & Family
Recent Activity
18 hours agoListing first seen on site
18 hours agoListing updated with changes from the MLS®
General Features
Acres 
0.43
Sewer 
Public Sewer
SqFt Total 
3831
Water Source 
Public
Zoning 
CBD - Central Business Di
Interior Features
Flooring 
TileCarpet
Heating 
Forced AirNatural Gas
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Exterior Features
Construction Details 
Wood SidingFrame
Roof 
AsphaltComposition
Community Features
Financing Terms Available 
CashConventional
MLS Area 
1B - Kenai Peninsula Borough
Roads 
Paved

The listing content relating to real estate for sale on this website comes in part from the IDX Program of Alaska Multiple Listing Service, Inc. (AK MLS). Real estate listings held by brokerage firms other than eXp Realty, Inc. are marked with either the listing brokerage's logo or 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. Listing Information is updated daily. Copyright 2026 Alaska Multiple Listing Service, Inc. All Rights Reserved. Data Services Provided by Showcase IDX.

Neighborhood & Commute
Source: Walkscore
Disclosure: Community information and market data powered by Constellation Data Labs. Information is deemed reliable but not guaranteed.
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