32295 State Route 20Oak Harbor, WA 98277

This exceptional Oak Harbor, WA, investment opportunity presents a 4,850 square foot restaurant and brewery on a 0.84-acre lot. Located at 32295 State Route 20, the property boasts a prime location with high visibility and accessibility. The single-story building, constructed in 1961, sits on a C-3 (Community Commercial) zoned lot and includes 42 parking spaces. Currently generating a Net Operating Income (NOI) of $62,400 annually, representing a 5.43% capitalization rate, the asking price is $1,150,000 ($237.11 per square foot). The existing tenant, Flyers Restaurant & Brewery, is under a NNN lease expiring June 2029, offering potential for continued rental income or owner-user operation. The property's versatile nature and strong location make it ideal for both investors seeking a stable return and owner-operators looking to establish or expand their business. The ample parking and established infrastructure provide a solid foundation for continued success. This is a rare opportunity to acquire a well-positioned commercial property in a thriving community. APN: R13335-087-1410.