1462 Main St Freeland, WA 98249
This exceptional opportunity presents the acquisition of the Freeland Cafe, a well-established restaurant located at 1462 E Main St, Freeland, WA 98249. This iconic eatery, situated on scenic Whidbey Island, boasts a rich history and loyal customer base. The property includes a 2,686 square foot building on a 19,602 square foot lot, offering both indoor and outdoor seating, plus a convenient take-out window. Built in 1950 and renovated in 1976, the two-story building features a spacious kitchen, a large back office, and ample parking. The inviting atmosphere includes a well-appointed bar area perfect for sports enthusiasts. The sale includes both the building and the thriving business, presenting a unique opportunity to own a piece of Whidbey Island history and continue the legacy of hospitality. The asking price is $1,600,000, translating to $595.68 per square foot. This turnkey operation is ready for a new owner to continue its success. Don't miss this chance to own a thriving restaurant in a desirable location.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
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Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.