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30881227
30881228

1334 Gulf Road, Point Roberts, WA 98281

SS
WA 21000619
$1,199,000
0 days on market
Updated 0 days ago

The Reef

Details
Property Type Business for Sale, Hospitality (+3)
Sub Type Business and Building
Square Footage 8,643
Net Rentable (SqFt) 1,188
Pads 2
Cap Rate 0.13%
NOI $1,600
Occupancy 100%
Tenancy Multi
Lease Expiration 03/16/2026
Lease Options month-month
Price per SqFt $139
Year Built 1959
Lot Size (SqFt) 45,423
Zoning RC
Investment Type Owner/User
Lease Commencement 03/31/2026
Occupancy Date 03/10/2026
Ground Lease No

Business for Sale | 0.13% CAP | 8,643 SqFt

Marketing description

Investment highlights

Investment Highlights

Waterfront Commercial Property with Beach Rights
Rare opportunity to acquire a waterfront restaurant and liquor store property with deeded beach rights, providing direct access to the shoreline and creating a unique hospitality and lifestyle destination in Point Roberts.

Established Restaurant Location – “The Reef” Tenant
The property is currently leased to the well-known local restaurant The Reef, offering an established dining destination that draws both local residents and seasonal visitors.

Mixed-Use Commercial Asset
The property includes a restaurant, liquor store retail component, and a residential bedroom unit, creating flexible use potential for investors or future owner-operators.

Rare Resort Commercial (RC) Zoning
Zoned Resort Commercial, allowing a range of hospitality, retail, and tourism-related uses. This zoning provides long-term flexibility for redevelopment, repositioning, or continued restaurant operations.

Over 1 Acre of Commercial Land
Situated on approximately 1.04 acres (45,423 SF), the property offers substantial land value and long-term redevelopment potential within one of the limited commercial corridors in Point Roberts.

Unique Cross-Border Market
Located in the distinctive coastal community of Point Roberts, which attracts visitors from both the U.S. and nearby Canadian markets seeking dining, recreation, and waterfront experiences.

Owner-User or Value-Add Opportunity
Ideal for hospitality operators, investors seeking a coastal commercial asset, or buyers looking to reposition a waterfront property with strong tourism appeal.

Listing Contacts

SS
WA 21000619

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Loan Amount
$0.00
Annual Debt Service
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Annual Cash Flow
$1,600.00
$133.33/mo

Valuation Metrics

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DSCR
0.13%
Cap Rate
0.13%
ROI

Map

Zoning

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RC CommercialSpecial CommercialResort Commercial
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View all 71 uses
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Last updated Jun 23, 2026 For deeper zoning details, reports are available at Zoneomics

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Property History

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Additional Information

Name
Sam Savage
License
21000619
Brokerage
John L. Scott
Brokerage Phone
4257705071
Title
Real Estate Broker
*All information is deemed reliable but not guaranteed. Buyer to verify all information.
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