20908 Bill Stephens DR, Chugiak, AK 99567
20908 Bill Stephens DR, Chugiak, AK 99567
20908 Bill Stephens DR, Chugiak, AK 99567
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Aurora Courtney

Aurora Courtney

+1(907) 302-2676
$1,600,000
Est. payment /mo
10,819 SqFt
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UPDATED:

Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 10,819 sqft

Price per Sqft $147

MLS Listing ID 26-8013

Construction Status Existing Structure

Year Built 1977

Annual Tax Amount $18,815

Lot Size 1.640 Acres

Acres 1.0

Source Alaska Multiple Listing Service

Property Description

Rare opportunity to own a well-established, highly successful turnkey restaurant celebrating its 50th anniversary this year. The owner is ready to retire, offering a unique chance to acquire the business, commercial property, and residence all in one exceptional package.

Bella Vista Pizzeria & Restaurante has long been a Chugiak favorite, known for its authentic Italian and Mediterranean cuisine served in a warm, inviting atmosphere. The 7,674 SF restaurant features seating for 115 on the main level with a cozy gas fireplace, plus two upstairs banquet rooms accommodating approximately 80 and 70 guests--ideal for private events and large gatherings.

The property includes a beer and wine license, fully equipped commercial kitchen, fire suppression system, brand-new roof, new make-up air unit, approximately 10-year-old double boiler, office, mechanical room, storage areas, separate employee restroom, four public restrooms, and professionally cleaned carpeting. The Ecolab dishwasher is leased at $120/month.

Also included is a 3,145 SF chalet-style residence featuring a vaulted great room with a wood-burning fireplace, four bedrooms, and three bathrooms. Enjoy a spacious wraparound deck and a lower-level mother-in-law apartment complete with a full kitchen, private laundry, separate entrance, and current rental income potential.

Situated on an expansive 71,250 SF lot, with the majority of the property paved for ample parking, this offering combines an established business, commercial real estate, and residential living in one unique investment opportunity. Seller may consider owner financing for qualified buyers.

Location

State AK

Area 100 - Chugiak/Peters Crk

Zoning CE-B-3 General Busines

Direction Glenn Hwy to South Peters Creek Exit, Left under the Glenn Hwy., Left again on Bill Stephen's Drive property is on the right.

Interior

Heating Baseboard, Natural Gas, Radiant

Flooring Carpet, Laminate, Tile, Linoleum, Vinyl

Exterior

Water Access Desc Public

View Mountains, Unobstructed

Roof Type Wood,Bitumen/Torch Down,Shingle,Shake

Accessibility , Paved, Government, Maintained

Building

Foundation Poured Concrete, Block

Lot Size Range 1.0

Sewer Septic Tank

Water Public

New Construction No

Construction Status Existing Structure

Others

Tax ID 0511142400001

Acceptable Financing See Remarks, Cash, Conventional, Owner Finance

Listing Terms See Remarks, Cash, Conventional, Owner Finance

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Alaska MLS
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Listed by RE/MAX Dynamic Properties - Eagle River Branch

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Aurora Courtney

Aurora Courtney

+1(907) 302-2676

Associate Broker | License ID: 100653, 500072

Associate Broker License ID: 100653, 500072

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