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12981 State Route 20 4,350 SF Retail Building Coupeville, WA 98239 $2,874,459 CAD ($660.80 CAD/SF)

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Executive Summary

Business and Real Estate can be sold separately!
This free-standing Restaurant offers a rare opportunity to acquire a well-established, highly regarded dining destination on scenic Whidbey Island. Known for its warm hospitality, locally inspired menu, and unmatched location, this restaurant attracts both loyal locals and steady tourist traffic year-round.
Location: Desirable Whidbey location – situated with spectacular water and mountain views.
Established Reputation: Celebrated for fresh, locally sourced seafood, regional specialties, and creative seasonal dishes. Strong presence in the community and across online review platforms.
Impeccable Facility: Turnkey operation with a fully equipped commercial kitchen, tasteful dining room, and inviting bar area. No deferred maintenance—ready for seamless ownership transition.
Profitable Business: Diverse revenue streams including dine-in, bar sales, catering, and seasonal specials. Loyal customer base supported by steady tourism flow.
Ambiance: Relaxed, coastal charm with warm, welcoming interiors and expansive windows highlighting panoramic water views.
Outdoor Dining: Spacious patio seating with unobstructed waterfront vistas, perfect for al fresco dining and events.
Versatile Seating: Flexible floorplan accommodates small or large groups comfortably, along with private party options for special occasions.
Limited Owner Involvement: 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.
Opportunity: Step into a thriving, turn-key restaurant in one of Whidbey Island’s most picturesque locations. Ideal for an owner-operator or investor seeking a destination dining business with exceptional growth potential.

Taxes & Operating Expenses (Actual - 2025)

Annual (CAD) Annual Per SF (CAD)
Taxes - -
Operating Expenses - -

Taxes & Operating Expenses (Actual - 2025)

Taxes (CAD)
Annual -
Annual Per SF -
Operating Expenses (CAD)
Annual -
Annual Per SF -
Total Expenses (CAD)
Annual $38,976,433
Annual Per SF $8,960.10

Property Facts

Sale Type
Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
4,350 SF
Building Class
C
Year Built/Renovated
1981/2009
Price
$2,874,459 CAD
Price Per SF
$660.80 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.04
Lot Size
2.45 AC
Zoning
80
Parking
20 Spaces (4.6 Spaces per 1,000 SF Leased)

Property Taxes

Property Taxes

Parcel Number
R13122-250-2590
Land Assessment
$492,764 CAD
Improvements Assessment
$761,017 CAD
Total Assessment
$1,253,782 CAD
  • Listing ID: 39507932

  • Date on Market: 2026-02-20

  • Last Updated:

  • Address: 12981 State Route 20, Coupeville, WA 98239

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