Homer shopping center to be auctioned off to local ownership

A longstanding shopping center in Homer is being auctioned off in July. is seeking local ownership

The center, located at 111 W Main Street, has trusted local businesses of more than 18 years like Homer Motors and Homer Seafood. A new discount grocery store, Firesale Grocery, is opening by July.

Brookwood Capital Advisors, a large disposition firm for commercial assets around the country, owns the shopping center and is orchestrating the auction.

The auction link is here: https://rimarketplace.com/auction/1537/value-add-grocery-anchored-center-noi-151-342-i-78-occupied

You can find out more about the property HERE.