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    602 North Main St Coupeville, WA 98239

    For Sale
    $750,000

    Boutique inn and fine dining restaurant in Coupeville, Washington.

    Property size:
    2,489 SF
    Lot size:
    0.14 Acres

    Property Features for 602 North Main St

    General Information

    Size
    2,489 SF
    Lot size
    0.14 Acres

    Source: Better Properties Eastside Agent Wanda Eaton

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

    Overview

    Historic Inn and Restaurant Opportunity

    This property presents an opportunity to own and operate a fine dining restaurant with a three-room boutique hotel, complemented by a separate, detached one-bedroom cottage, all situated in historic Coupeville. Known as the Inn at Penn Cove, the establishment features two furnished rooms with private baths on the second level, along with one furnished patio deck room, also with a bath. The detached one-bedroom cottage includes a kitchen and bath. The property, encompassing 2489 square feet, allows for operating the restaurant, residing in the cottage, and renting out the three guest rooms for additional income. The property requires some maintenance. A potential exists to create a binding condominium site plan for the Historic Inn and Historic Doctor’s cottage, potentially creating two separate sellable properties; confirmation with the City Planner and other municipalities is advised.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    The Inn at Penn Cove Inn Phad Thai Thai Restaurant

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Clothing Store Auto Repair Shop Pharmacy Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Coupeville
    County
    Island
    State
    Washington
    Longitude
    -122.68654
    Latitude
    48.2179002

    Nearby Similar for Sale

    • $6,600,000

      Coupeville Commercial Investment Opportunity

      Established Retail & Office Complex on Main Street
      107 Main St, Coupeville, WA 98239
      View Details

    FAQs

    What type of property is this?
    Hotel - Boutique inn and fine dining restaurant in Coupeville, Washington.
    Where is this hotel located?
    The property is located at 602 North Main St Coupeville, WA.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: - Operating Inn and Fine Dining Restaurant in Historic Coupeville; - Includes a Detached 1-Bedroom Cottage; - Three Furnished Inn Rooms with Private Baths
    (425) 354-7609
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    Coupeville, WA 98239
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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
    602 North Main St Coupeville, WA 98239
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