$2,195,0000 ba · 4,096 sqft
1 / 72Active
195 E Pioneer Avenue
Homer AK 99603
NILS O SVEDLUND AMD E1/2 OF
Berkshire Hathaway HomeServices Alaska Realty
0
Bathrooms
4,096
Sq Ft
1976
Year Built
$536/sqft1 acre lot3 stories
MLS# 26-9603· Listed Jul 31, 2026
Live MLS feedAbout This Property
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. 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.
Property Details
Property TypeCommercial Sale
Sub TypeMixed Use
Stories3
Year Built1976
Lot Size1 acre
SubdivisionNILS O SVEDLUND AMD E1/2 OF
Legal DescriptionNILS O SVEDLUND AMD E1/2 OF L9 TR B & NILS O SVEDLUND AMD E and W1/2 OF L9 TR B
Parcel #17719207 17719206
MLS #26-9603
Heating
Forced AirNatural Gas
Sewer
Public Sewer
View
BayGlacierMountain(s)Ocean
Videos & Virtual Tours
Equal Housing Opportunity
Listed by: Gina Pelaia · Berkshire Hathaway HomeServices Alaska Realty
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Mortgage Estimate
Down payment10% · $219,500
Interest rate7.0%
Loan term30 years
$13,143/mo
$1,975,500 loan · 30yr · 7.0%
Estimate only. Taxes & insurance not included. Rates vary by lender.
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