475 E Pioneer Avenue, Homer, AK 99603 (MLS# 25-8098)
$995,000
Homer, AK 99603
MLS# 25-8098
Status: Pending
2665 sqft
1 / 40
Property Description
This prime centrally located property offers a blank slate for your next venture. With a 1-bedroom apartment above and commercial space below, you can operate a storefront, office, or studio while enjoying rental income or live on site and grow your business from the ground up. Zoned for business and bursting with potential, this is the perfect place to plant roots in Homer's dynamic downtown.
Details
Maps
Documents
Contract Info
Price-List: 995000
Date-Listing: 2025-06-27
Status: Pending
Foreclosure/Bank Own: No
Sold Info
Date-Pending: 2025-12-15
Location Tax and Legal
Area: 490 - Homer
Street #: 475
Directional: E
Street Name: Pioneer
Arterial: Avenue
Closest USPS Town: Homer
State: AK
Zip Code: 99603
Property Info
Type of Property: Mixed Use
Building Type: Class A
Realtor.com Type: Commercial
Construction Status: Existing Structure
Building Status: Owner Occupied
Acres: 0.19
SF-Lot: 8276.4
Lot Area Source: Tax Authority
SF-Res: 2665
Floors: 2
Zoning: CBD - Central Business District
Year Built: 2000
Directions and Remarks
Directions: Key Pioneer Ave location on the corner of Pioneer Ave and Kachemak Way across from City Hall.
Building Info
Building Name: Fireweed Gallery
Retail
SF-Retail Apx: 1864
Property Features
Primary Space: Retail
Heating: Natural Gas
Exterior Finish: Other - See Remarks
Construction Type: Wood Frame - 2x6
Foundation: Quad-Lock
Roof Type: Asphalt
Flooring: Carpet; Tile; Painted/Stained
Walls: Sheetrock
Sewer: Public Sewer
Water Source: Public
Features-Commercial: Corner Lot; DSL/Cable Available; In City Limits; Living Quarters; Master Meter - Elec; Master Meter - Gas; On-Site Parking; Restroom(s)-Handicap; Stand Alone Unit
Access: Government; Maintained; Paved
View Type: Bay; Glacier; Mountains; Partial; Spit
Listing Terms Financing: Cash; Conventional
Documents: Docs Posted on MLS; Floor Plan
Supplements
The Fireweed Gallery was meticulously planned, expertly constructed, built to last, and has been a Pioneer Ave mainstay since 2000. The main level is currently a beautiful art gallery, but that area can easily be divided into two spaces, each with separate entrances, for retail, office or cafe. And the upstairs apartment is another moneymaker making this a perfect investment opportunity!
So many options...The Seller planned this space with a number of features, framing in a second front entrance (now a window) and a separate back door (now part of the monthly exhibit area).
There is one ADA bathroom on the main level east side, and a break room with plumbing on the west side of the building. This could be a second restroom if the open area was subdivided.
Electric and plumbing are easily accessed for any changes since all of the building infrastructure is in the crawlspace.
Plus all of the Building plans are all available for review.
The upstairs one bedroom apartment is surprisingly spacious with so much storage capacity. It is furnished, and it has a good view of Kachemak Bay. Currently the apartment is rented to the local hospital on a month to month basis, for transient professionals, but it could also be perfect for an owner occupant or a very productive seasonal rental.
The art gallery is also available for purchase and can be negotiated separately, however it is not required to sell with the building.
The Seller will need 90 days to vacate.
Plat 
Apartment floor plan 
Listing Office: Homer Real Estate
Last Updated: December - 16 - 2025
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 the site owner are marked with 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. Site contains live data.