1321 Barlow St Oak Harbor, WA 98277

This exceptional investment opportunity presents a thriving, three-screen movie theater in Oak Harbor, Washington, the largest community on Whidbey Island. Located at 1321 SW Barlow St, 98277, this 10,799 square foot facility boasts a strong net operating income (NOI) of $150,000, yielding a compelling 10.79% capitalization rate. The asking price is $1,390,000, translating to $128.72 per square foot. The theater has recently undergone updates, featuring new recliner seating, state-of-the-art digital projectors with Dolby surround sound, a fully operational bar, and a complete snack bar with existing inventory. Conveniently situated off State Route 20, the property offers ample parking. An added benefit is 1,200 square feet of rentable office space with a separate entrance, located at the rear of the building. This turnkey operation is ideal for both owner-operators seeking a hands-on venture and investors looking for a high-return, established business in a desirable location. The property is owned by Oak Harbor Cinemas Real Property Holdings LLC and is classified as Special Purpose/Sports & Entertainment. This is a rare chance to acquire a profitable and well-equipped cinema in a thriving market.