Address
110 N 1st Street, La Conner, WA
Price
$ 1,170,000
Property Attributes
- ID#2472673
- TypeCommercial
- CountySKAGIT
- CityLa Conner
- AreaLa Conner
- NeighborhoodLa Conner
- Zip98257
- StyleComm Bldg Und 10K
- Year Built1993
- Taxes$ 3567
- Price$ 1,170,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Lot Size0.0562 Acres
Data Source:
Northwest Multiple Listing Service (NWMLS)
Property Description
TWO LEVELS, TWO INCOME STREAMS - AN EXCEPTIONAL OPPORTUNITY TO LIVE AND WORK all on the same property!! Prime mixed-use investment opportunity in the heart of downtown La Conner with strong income potential and multiple revenue streams. This highly visible downtown property features street-level commercial space with full kitchen and excellent year-round foot traffic, currently occupied by the well-established The Wayfinder Cafe, a popular dining destination with a loyal customer base. ( Bussiness not for sale ) The street leval commercial space was remodeled in 2023, enhancing operational efficiency and long-term value. The upper-level two-story apartment was fully remodeled in 2024 and offers immediate short-term or long-term rental potential. The residence includes three bedrooms, a loft, a private rooftop deck with water and town views, and upgraded interior finishes throughout. New appliances, modern kitchen design, and a double-sided fireplace add strong appeal for both nightly and extended-stay rentals. Located in one of Washington’s most visited waterfront towns, this property benefits from consistent tourism, limited inventory, and strong demand for dining and lodging accommodations. Ideal for investors seeking diversified income, owner-users, or 1031 exchange buyers looking for stability, appreciation, and flexibility. A rare opportunity to acquire a turnkey mixed-use asset in a proven destination market.
| Price History | |
|---|---|
| 1/29/2026 | Listed $1,175,000 |
| 4/25/2026 | 1$1,170,000 |
General Features
| Sewer | Sewer Connected |
|---|---|
| Heating | Forced Air |
| Cooling | None |
| Possession | Subject To Tenant Rights |
| Roof | Composition,Flat |
| Year Built | 1993 |
| Topography | Level |
| Property Subtype | Commercial Industrial |
| Tax Year | 2025 |
| County | Skagit |
| Net Operating Income | 74733 |
| Insurance Expense | 4500 |
| Property Type | Commercial Sale |
| HOA | No |
| Subdivision Name | La Conner |
| Possible Use | Commercial |
| Building Features | Signage Included |
| Special Listing Conditions | None |
| Status | Active |
| Directions | From Hwy 20,head S on La Conner Whitney Rd.,R onto Morris from the roundabout,R on 1st St. |
| City | La Conner |
| Senior Community Y/N | No |
| Zoning Description | Commercial |
| Number Of Units Total | 2 |
| MLS Area | 820 - La Conner |
| Lot Size Units | Square Feet |
| Lot Size Square Feet | 2448 |
| Carport Y/N | No |
| Listing Terms | Cash,Conventional |
| Tax Annual Amount | 3567 |
| Property Condition | Updated/Remodeled |
| Public Remarks | TWO LEVELS,TWO INCOME STREAMS - AN EXCEPTIONAL OPPORTUNITY TO LIVE AND WORK all on the same property!! Prime mixed-use investment opportunity in the heart of downtown La Conner with strong income po |
| Virtual Tour | https://youtu.be/hvcKYM2Ih58 |
| Structure Type | Unspecified |
| Building Area Units | Square Feet |
| Standard Status | Active |
| Water Sewer Garbage | 2400 |
| Property Style | 60 - Comm Bldg Und 10K |
| Cap Rate | 6.36 |
| NWM_ShowMapLink | Yes |
Interior Features
| Flooring | Ceramic Tile,Hardwood,Slate,Carpet |
|---|---|
| Air Conditioning Y/N | No |
| Heating Y/N | Yes |
| Fireplace Y/N | No |
| Power Production Type | Electric,Natural Gas |
Exterior Features
| Exterior Amenities | Wood,Wood Products |
|---|---|
| Water Source | Public |
| Foundation Details | Poured Concrete |
| Lot Size Acres | 0.0562 |
| Irrigation Water Rights Y/N | No |
| Lot Number | 2 |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 98257
Price
Taxes
Year Built
Visits
