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Exceptional investment opportunity in the heart of Homer! Located along highly visible Ocean Drive, this completely renovated commercial property offers over 3,000 square feet of versatile space on nearly half an acre in one of Homer's most desirable commercial corridors.Thoughtfully redesigned to accommodate two separate tenants, one upstairs and one downstairs, the building provides excellent flexibility for an owner-occupant, investor, or entrepreneur seeking multiple income streams. The extensive renovations create an attractive, updated space ready for a variety of commercial uses.Previously utilized as a restaurant and bakery, the property offers potential for food service, retail, professional offices, or other commercial ventures.Adding to the property's appeal is an existing cabin, offering potential for additional rental income, employee housing, office space, or other uses, subject to applicable approvals.Situated in Homer, Alaska--the world-renowned Halibut Capital of the World--this property benefits from excellent visibility, convenient access, and proximity to the thriving tourism, fishing, and local business communities.With its extensive renovations, two-tenant configuration, nearly half-acre parcel, and additional cabin, 1316 Ocean Drive presents an outstanding opportunity to establish or expand a business while building long-term investment potential in Homer!
Property Type(s):
Commercial
| Last Updated | 10/17/2026 | Year Built | 1976 |
|---|---|---|---|
| Community | 1B - Kenai Peninsula Borough |
Additional Details
| AREA | 1B - Kenai Peninsula Borough |
|---|---|
| CONSTRUCTION | Frame, Wood Siding |
| HEAT | Forced Air, Natural Gas |
| LOT | 0.48 acre(s) |
| LOT DIMENSIONS | 20909.0 |
| SEWER | Public Sewer |
| STORIES | 2 |
| WATER | Public |
Listing Office: Berkshire Hathaway HomeServices Alaska Realty
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 Petersburg Properties LLC 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.
Copyright 2026 Alaska Multiple Listing Service, Inc. All rights reserved
This IDX solution is (c) Diverse Solutions 2026.
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