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    31359 State Route 20 Oak Harbor, WA 98277

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    For Sale
    $900,000

    Restaurant and bar with outdoor dining and upper level lounge.

    Property size:
    2,694 SF
    Lot size:
    0.43 Acres

    Property Features for 31359 State Route 20

    General Information

    Size
    2,694 SF
    Lot size
    0.43 Acres

    Source: Anchor Agency Agent Kana Saito

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Oak Harbor Restaurant/Bar Opportunity

    This property features frontage and exposure on State Route 20 in Oak Harbor. Zoned C-3, the property offers possibilities for various uses. Previously operated as a restaurant and bar, the main level includes a commercial kitchen, dining room, and a private patio suitable for outdoor dining. The upper level, encompassing 660 square feet, is designed as a bar or lounge, complete with a wraparound deck that offers views of Oak Harbor. Recent improvements include a reroof, new siding, electrical rough-in and upgraded service, three split A/C units, a new structural beam on the second floor, and reinforced deck supports. The property has a total size of 2694 square feet.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Bars

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Chef in the Black Bandana

    Location Insight

    • Map
    • Local Demand
    City
    Oak Harbor
    County
    Island
    State
    Washington
    Longitude
    -122.658319
    Latitude
    48.287594

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    FAQs

    What type of property is this?
    Restaurant - Restaurant and bar with outdoor dining and upper level lounge.
    Where is this restaurant located?
    The property is located at 31359 State Route 20 Oak Harbor, WA.
    What is the asking price?
    The asking price for this property is $900,000.
    What are key features of this property?
    This property features: - High-exposure frontage on SR 20 in Oak Harbor.; - C-3 zoning offers endless possibilities for commercial use.; - Expansive commercial kitchen and dining room from previous restaurant.
    (425) 351-3188
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    31359 State Route 20 Oak Harbor, WA 98277
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    Oak Harbor, WA 98277
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    31359 State Route 20 Oak Harbor, WA 98277
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