405 S Main Street, Coupeville, WA, 98239 - Available for Sale

Retail For Sale

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Tyee Restaurant Lounge and Motel

405 S Main Street, Coupeville, WA 98239

$1,295,000

7,182 SF | Retail

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Main St Coupeville location

Retail Property For Sale

Price:
$1,295,000
Building Size:
7,182 SF
Price/SF:
$180.31
Property Type:
Retail
Property Sub-type:
Restaurant
Additional Sub-types:
Economy/ Limited Service
Property Use Type:
Business For Sale
Commission Split:
3%
Lot Size:
22,216 SF
Listing ID
17984791
Last Updated
11 days ago

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Description

This established neighborhood Coupeville business has been serving locals & tourists for 50+ years. It is a profitable going concern with a very healthy CAP rate of 14% plus you can live upstairs while you run your business downstairs or rent it out for additional income. There is no start up; turnkey immediate revenue & profit with diversified revenue stream from food, liquor, pull tabs, motel and upstairs apt combined with local and tourist customer base. The property is well maintained w/4860 sq ft 2 story bldg with restaurant/bar downstairs & upstairs apartment with 2 bed/2 bath/living w/separate entrance. Also a separate 9 Unit 2322 sq ft Motel. Local commercial lenders w/great rates are ready to loan on this property.

Great Coupeville Neighborhood Location

Map of 405 S Main Street, Coupeville, WA 98239 (Island County)

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Asking Price Index Trends for Coupeville, WA Retail For Sale

  Aug 14 vs. 3 mo.
prior
Y-O-Y
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State
$139-0.9%+6.5%

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Tyee Restaurant Lounge and Motel
  • Retail
  • $1,295,000
  • 7,182 SF