Cedars at Pier One Lists for $2.5 Million
The 50-year-old Kennewick restaurant is for sale, shifting the future of a key waterfront business asset.
Updated on Oct. 27, 2026 in Openings & Closings
Live Poll
Do you believe long-standing local restaurants should be prioritized for preservation by their current owners?
After 50 years of operation in Kennewick, the owners of the Cedars at Pier One have listed their restaurant for sale. The property, including the business, equipment, and furniture, is currently on the market for $2.5 million.
Why it matters
The sale of this long-standing venue underscores the complexities of operating a waterfront business, particularly for owners navigating infrastructure shifts such as the loss of a primary dock in 2024 and ongoing land lease obligations with the Port of Kennewick.
The Cedars at Pier One is listed for $2.5 million, a valuation covering the building, equipment, and furnishings for the 50-year-old establishment. The restaurant currently operates Tuesday through Sunday before a scheduled shift to winter hours in November.
The players
Doug and Carrie Lundgren
The current owners who purchased the restaurant in 2019.
Port of Kennewick
The public port authority that leases the land upon which the restaurant operates.
The details
The restaurant, located at 355 N. Clover Island Dr., is currently owned by Doug and Carrie Lundgren, who purchased the venue in 2019. Operationally, the transition includes a change in service schedule, with the restaurant set to close on Sundays starting November 1, 2026. The listing arrives as the establishment holds a month-long anniversary celebration, highlighting the business's longevity despite the 2024 loss of its namesake dock.
Timeline
November 1, 2026: The restaurant switches to winter hours and closes on Sundays.
November 14, 2026: Prom-themed dinner and Harvest Fest-themed evening held.
December 2026: Restaurant pulls memories from treasure chest for prizes.
Market Landscape
The potential sale of the Cedars at Pier One follows the established standards set by Port of Kennewick land use policies for commercial tenants. This transition marks a shift in the long-term tenancy of the prominent Clover Island site, which is currently subject to lease terms managed by the port authority.
Operators looking at this asset should account for the cost of maintaining specialized infrastructure, such as docks, when dealing with port-managed waterfront leases. Review your existing lease provisions to understand how business sales trigger assignment or renewal clauses with municipal port authorities.
The takeaway
The Cedars at Pier One sale highlights the operational challenges of maintaining legacy properties following major infrastructure changes. Prospective buyers should review the specific land lease agreements with the Port of Kennewick to assess long-term site viability.
Further reading
For more on the local retail environment, visit Kennewick Openings & Closings.
Source note: This article includes information reported by Tri-City Herald.
Live Poll
Do you believe long-standing local restaurants should be prioritized for preservation by their current owners?
