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An Iconic Homer Landmark & Turnkey Investment OpportunityOwn 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 Type(s):
Commercial
| Last Updated | 7/31/2026 | 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 | 1 acre(s) |
| LOT DIMENSIONS | 1.0 |
| SEWER | Public Sewer |
| STORIES | 3 |
| VIEW | Yes |
| VIEW DESCRIPTION | Bay, Mountain(s), Ocean |
| 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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