For Sale
$1,390,000

1321 Barlow StOak Harbor, WA 98277

Profitable Movie Theater, Turnkey Operation

Overview

Added:
Dec 11, 2024
Days on market:
115
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.

Highlights

  • Thriving three-screen movie theater in Oak Harbor, WA, generating $150,000 NOI.
  • 10,799 SF building on 1321 SW Barlow St, 98277, priced at $1,390,000 ($128.72/SF).
  • 10.79% capitalization rate.
  • Recently updated with new recliner seating, digital projectors, Dolby surround sound, full bar, and snack bar.
  • Ample parking and 1,200 SF of rentable office space with separate entrance.

Property Details for 1321 Barlow St

Property type
Specialty properties
Square Feet
10,799 SF

Location Insight

City
Oak Harbor
County
Island
State
Washington
Latitude
48.2876885
Longitude
-122.6605396
1321 Barlow St, Oak Harbor, Washington

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1321 Barlow St
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