927 S Cobb Street

Description

A rare opportunity to own a fully renovated, code-compliant restaurant property in historic downtown Palmer. Located at 927 S Cobb Street, this pre-statehood cottage has been thoughtfully upgraded in 2022 with new flooring, heating, plumbing, electrical, and ADA accessibility, while preserving its original character. The property includes a fully equipped Alaska DEC-approved commercial kitchen, daylight basement bakery, espresso bar, and two dining rooms with seating for up to 35 guests. Large east-facing windows offer stunning views of Matanuska Peak and the Chugach Range. Situated on a high-visibility lot with lush green space and mature birch trees, the site is within walking distance of Palmer's downtown attractions and seasonal events. The sale includes all furnishings, kitchen equipment, and POS hardware, with a rare Restaurant/Eating Place Beer & Wine License available for transfer upon negotiation. Zoned Commercial General with dedicated parking, this property is ready for immediate occupancy and business launch. The property is a narrow lot  approximately 50' wide - stretching between Cobb St. and a service alley with a multi-family home to the north and a non-operational commercial property to the south. The site is visible from S Colony Way and Evergreen Ave - two major roads in Palmer. The property has plenty of garden/green space, including two very old and stately birch trees that make the property stand out against the surrounding businesses. 927 S Cobb St sits just southwest of Palmer's downtown and is walking distance to Palmer's Friday Fling, the new Poppy Lane location, the Colony Way bars, and the Matanuska Farmer's Market. This is a great spot to capture the tourist traffic during Colony Days, Colony Christmas, and the Alaska State Fair. The restaurant's east-facing dining room boasts three huge windows with views of Matanuska Peak and the Chugach Range, often illuminated by the setting sun. Palmer & South Cobb Street offer a neighborhood atmosphere just a short drive from Wasilla, Eagle River, and Anchorage. Please review additional details under documents!