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The subject property is located on the signalized corner of SE City Beach St and SE Pioneer Way at the entrance to revitalized old town Oak Harbor. The properties encompasses 1.35 acres and consists of an approximately 3,730sf free standing restaurant fronting approximately 10,007sf, 23 room motel that has been converted in to long term rentals, coupled with the adjacent residential property consisting of approximately 984sf on 10,628sf of land. Both parcels lie in the CBD zoning district which allows for a multitude of uses.
Established, positively reviewed restaurant and lounge with robust sales and profits. This well located, free standing corner location is situated near Deception Pass, Penn Cove and a minutes walk to the water. The enterprise comes with a strong, loyal and growing customer base earning from a beneficial mix of tourist, highway and tourist patrons. The ample and easy parking fronting attractive landscaping invites diners and revelers. The facility showcases a large dining room flanking the cozy lounge and large covered patio. The nicely equipped, large kitchen is efficient and designed for production. Excellent turnkey opportunity offered at under 1.5X earnings.
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