407 Railroad Ave - Hospitality FOR SALE


Cordova, AK 99574
$1,999,999 USD
310-571-8547
407 Railroad Ave, Cordova, AK for Sale
$1,999,999 USD
Hospitality - FOR SALE
1/10
null | 7% Cap Rate

407 Railroad Ave
Cordova, AK 99574


HIGHLIGHTS

  • Waterfront
  • Best restaurant in town by far
  • Loyal local customer base with large seasonal influx during commercial fishing season

OVERVIEW

THE RELUCTANT FISHERMAN BAR & RESTAURANT + 25% OF HOTEL FOR SALE - CORDOVA, ALASKA PROPERTY OVERVIEW Property Type: Restaurant/Bar + 25% of Hotel Rooms Address: 501-505 Railroad Avenue, Cordova, AK 99574 Listing Price: $2m - Contact for Details Property Type: Waterfront Location EXECUTIVE SUMMARY The Reluctant Fisherman Bar & Restaurant presents an exceptional opportunity to acquire one of Cordova's most beloved and established dining destinations. Located in the heart of Alaska's premier fishing town on the shores of Prince William Sound, this turnkey operation offers unparalleled harbor views and has served as a cornerstone of the local community for decades. This waterfront establishment combines the charm of authentic Alaskan hospitality with a prime location overlooking Cordova's small boat harbor. The business benefits from both strong local patronage and consistent tourist traffic, making it a year-round revenue generator in one of Alaska's most scenic coastal communities. LOCATION HIGHLIGHTS Prime Waterfront Position Direct harbor views with large outdoor deck Located on Railroad Avenue in downtown Cordova Walking distance to all major Cordova attractions Easy access from Cordova Airport (10 minutes) Positioned in the heart of the fishing industry hub Market Demographics Cordova population: ~2,200 residents Strong seasonal tourism (May-September) Commercial fishing industry support Gateway to Prince William Sound recreation Limited competition in market PROPERTY FEATURES Restaurant Facilities Full-service restaurant with harbor views Large outdoor deck overlooking small boat harbor Inside seating with scenic windows Complete commercial kitchen Modern equipment and fixtures Breakfast, lunch, and dinner service capability Bar Operations Fully stocked bar with Alaskan brew selection Full liquor license Extended evening hours operation Popular local gathering spot Tourist and local clientele mix Additional Amenities Waterfront deck seating Scenic dining atmosphere Established online ordering system Strong social media presence Turnkey operation ready for new ownership BUSINESS OPERATIONS Operating Hours Seasonal adjustments based on tourism Revenue Streams Food service (breakfast, lunch, dinner) Alcoholic beverage sales Special events and private parties Catering opportunities Tourist and local customer base Established Reputation Highly rated on TripAdvisor and review platforms Known for exceptional clam chowder Fresh Alaska seafood specialties Friendly, experienced wait staff Strong community relationships MENU HIGHLIGHTS & SPECIALTIES Bar Program Full selection of Alaskan craft beers Complete wine and spirits menu Signature cocktails Local brewery partnerships Harbor-view outdoor bar service FINANCIAL INFORMATION Investment Highlights Established customer base with strong loyalty Multiple revenue streams year-round Prime real estate location Limited competition in market Growth potential for expansion Turnkey operation with experienced systems Detailed financial statements available to qualified buyers upon execution of confidentiality agreement. GROWTH OPPORTUNITIES Expansion Potential Catering service development Special event hosting Extended seasonal hours Tourism package partnerships Private party bookings Merchandise sales Operational Improvements Owner manager efficiencies Enhanced marketing initiatives Social media expansion Delivery service implementation Seasonal menu optimization Staff training programs CORDOVA MARKET OVERVIEW Economic Base Commercial fishing industry Tourism and recreation Government services Transportation hub Prince William Sound gateway Tourism Attractions Copper River Delta Million Dollar Bridge Glacier viewing Fishing charters Wildlife viewing Photography tours PROPERTY DETAILS Zoning: Commercial/Mixed Use Parking: Street parking and nearby lots Utilities: City water, sewer, electric, propane Access: Year-round via ferry + twice daily Alaska Air flights via Cordova Airport (CKU) - 10 minutes Listing Terms: Seller financing options available Owner will consider terms All inventory, furniture, equipment, and vehicles included in sale Training and transition support available CONFIDENTIALITY NOTICE This business opportunity is being offered through a confidential process. Interested parties must execute a confidentiality agreement before receiving detailed financial information or business records. All inquiries will be handled with complete discretion. DISCLAIMER The information contained herein has been obtained from sources deemed reliable but is not warranted or guaranteed by the listing broker or seller. Prospective buyers should conduct their own due diligence and verification of all information prior to making any purchase decision. This offering is subject to prior sale, withdrawal, or changes in terms without notice. Contact us today to schedule a private showing and receive detailed financial information about this exceptional Alaska business opportunity.

FOR SALE DETAILS

PRICE

$1,999,999 USD

PRICE/SF

$98 USD /SF

# OF ROOMS

44

PRICE/ROOM

$45,455 {currency}

CAP RATE

7%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Reluctant Fisherman Inn

PROPERTY TYPE

Hospitality

TOTAL BUILDING SIZE

-

STORIES

2

ROOM ENTRANCE

Interior

BUILDING CLASS

B

YEAR BUILT

1972

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.23 AC

LAND SF

10,019 SF

ZONING

Bus

APN/PARCEL ID

02-173-252

ASK ABOUT THIS PROPERTY

RF HospitalityReluctant Fisherman LLCMore Info
310-571-8547

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RF HospitalityReluctant Fisherman LLCMore Info
310-571-8547

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.