Established Restaurant with Island
For Sale
Contact for pricing
12981 State Rte 20, Coupeville, WA 98239
Turnkey restaurant with water and mountain views on Whidbey.
Property Size4,350 SF
Price / SF$482.76
Days on Market173
Property Features for 12981 State Rte 20
General Information
Standard status
Active
Size
4,350 SF
Property subtype
Business for Sale, Retail
Building Details
Year Built
1981
Buildings
1
Stories
1
Units
1
Listing Agency:
Pacific Commercial Brokers
(253) 988-0080
Listed By:
Tom O'Brien · License #WA
Source:
Crexi
Added: Feb 20
Changed: Aug 8
Last Checked: Aug 11 at 12:02PM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Pacific Commercial Brokers
Investment Insights
Based on property information with market context.
This free-standing restaurant, established in 1955 and under current ownership since 2017, presents an opportunity to acquire a well-established dining destination on Whidbey Island. Celebrated for fresh, locally sourced seafood, regional specialties, and creative seasonal dishes, the restaurant attracts both local and tourist traffic. The turnkey operation features a fully equipped commercial kitchen, tasteful dining room, and inviting bar area. The restaurant has diverse revenue streams including dine-in, bar sales, catering, and seasonal specials. The restaurant has a relaxed, coastal charm with warm, welcoming interiors and expansive windows highlighting water views. A spacious patio offers unobstructed waterfront vistas, suitable for al fresco dining and events. The flexible floorplan accommodates small or large groups comfortably, along with private party options. The 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. The 4,350 square-foot restaurant is situated with water and mountain views.
Key Highlights
- Spectacular water and mountain views from a desirable Whidbey Island location.
- Turnkey restaurant operation with a fully equipped commercial kitchen and tasteful dining areas.
- Established reputation for fresh, locally sourced cuisine and strong community presence.
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
42
Businesses Nearby
Well-served
Demand for This Use
Explore this area
Business Placement
Demographics for 98239, WA
7,394
Population
4,062
Households
1.8
Avg Household Size
57
Median Age
42%
College-Educated
97%
High-School Grad
31.0 sq mi
ZIP Area
239
Density / Sq Mi
$86,138
Median Household Income
$50,387
Median Earnings
$1,177
Median Rent
$577,700
Median Home Value
Market
Vacancy Rate% for Retail in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Conventional restaurant - Turnkey restaurant with water and mountain views on Whidbey.
Where is this conventional restaurant located?
The property is located at 12981 State Rte 20 Coupeville, WA.
What is the asking price?
The asking price for this property is $2,100,000.
What are key features of this property?
This property features: Spectacular water and mountain views from a desirable Whidbey Island location.; Turnkey restaurant operation with a fully equipped commercial kitchen and tasteful dining areas.; Established reputation for fresh, locally sourced cuisine and strong community presence.
