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32758332
32758347

1334 Gulf Rd, Point Roberts, WA 98281

JM
SS
WA 21000619
$1,299,000
19 days on market
Updated 19 days ago

Waterfront Restaurant & Bar Investment | Point Roberts, WA

Details
Property Type Retail, Hospitality
Sub Type Restaurant, Bar (+1)
Square Footage 8,643
Cap Rate 9.40%
Occupancy 100%
Tenancy Multi
Lease Type NNN
Year Built 1959
Stories 1
Acreage 1.040
Zoning Resort Commercial
Investment Type Value Add
Ground Lease No

Retail | 8,643 SqFt

Marketing description

Exceptional waterfront commercial investment opportunity in the heart of Point Roberts, Washington. Welcome to "The Reef" — a rare Resort Commercial-zoned waterfront property located just 30 minutes from downtown Vancouver, BC. This income-producing asset combines a premier waterfront location, multiple revenue streams, beach rights, and significant future upside potential.

Positioned directly on the water with breathtaking ocean views and cool sea breezes, the property has long operated as a destination restaurant and bar serving both locals and tourists. The unique coastal setting creates an ideal atmosphere for dining, private events, weddings, corporate gatherings, and hospitality-focused ventures.

The property also includes additional passive income from a leased on-site liquor store, providing revenue diversification and operational stability.

With Resort Commercial zoning, the property offers exceptional flexibility for investors, developers, or owner-users seeking redevelopment potential, hospitality expansion, mixed-use opportunities, or long-term land value appreciation.

Waterfront commercial opportunities with income, zoning flexibility, and international appeal are extremely limited in Point Roberts and throughout the Pacific Northwest.

Investment highlights

  • Waterfront commercial property with ocean views
  • Rare Resort Commercial zoning
  • Established restaurant and bar operation
  • Additional passive income from leased liquor store
  • Beach rights included
  • Approximately 1.04-acre lot
  • High visibility destination location
  • Strong tourism and seasonal traffic
  • Ideal for events, weddings, and private functions
  • Redevelopment and repositioning potential
  • Close proximity to Vancouver, BC
  • Limited commercial waterfront inventory in Point Roberts
  • Sold as-is with substantial land value upside

Listing Contacts

JM
SS
WA 21000619

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Additional Information

Name
Jeff McDonald
License
2254
Brokerage
Realogic’s Sothebys
Brokerage Phone
2066692327
Title
Managing Broker
Brokerage Address
15 Lake Street
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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