12981 State Route 20 - Restaurant FOR SALE


Coupeville, WA 98239
$2,100,000 USD
253-988-0080
12981 State Route 20, Coupeville, WA for Sale
$2,100,000 USD
Restaurant - FOR SALE
1/11
null | Request Cap Rate

12981 State Route 20
Coupeville, WA 98239


OVERVIEW

Business and Real Estate can be sold separately! This free-standing Restaurant offers a rare opportunity to acquire a well-established, highly regarded dining destination on scenic Whidbey Island. Known for its warm hospitality, locally inspired menu, and unmatched location, this restaurant attracts both loyal locals and steady tourist traffic year-round. Location: Desirable Whidbey location – situated with spectacular water and mountain views. Established Reputation: Celebrated for fresh, locally sourced seafood, regional specialties, and creative seasonal dishes. Strong presence in the community and across online review platforms. Impeccable Facility: Turnkey operation with a fully equipped commercial kitchen, tasteful dining room, and inviting bar area. No deferred maintenance—ready for seamless ownership transition. Profitable Business: Diverse revenue streams including dine-in, bar sales, catering, and seasonal specials. Loyal customer base supported by steady tourism flow. Ambiance: Relaxed, coastal charm with warm, welcoming interiors and expansive windows highlighting panoramic water views. Outdoor Dining: Spacious patio seating with unobstructed waterfront vistas, perfect for al fresco dining and events. Versatile Seating: Flexible floorplan accommodates small or large groups comfortably, along with private party options for special occasions. Limited Owner Involvement: Current ownership maintains limited day-to-day operational participation, providing flexibility for either an active owner-operator or an investor seeking a more passive role. Opportunity: Step into a thriving, turn-key restaurant in one of Whidbey Island’s most picturesque locations. Ideal for an owner-operator or investor seeking a destination dining business with exceptional growth potential.

FOR SALE DETAILS

PRICE

$2,100,000 USD

PRICE/SF

$483 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1981

SPRINKLERS

-

PARKING SPACES

20

LAND DETAILS

LAND ACRES

2.45 AC

LAND SF

106,722 SF

ZONING

80

APN/PARCEL ID

R13122-250-2590

ASK ABOUT THIS PROPERTY

Tom O'BrienPacific Commercial BrokersMore Info
253-988-0080

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Tom O'BrienPacific Commercial BrokersMore Info
253-988-0080

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