Property Details

110 N 1st Street

La Conner, WA 98257

$1,170,000

Available

CBA# 707653 courtesy of CBA Listing firm: RE/MAX Northwest Realtors

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Office / Retail

Property Type

2,542

Bldg Sq Ft

Units

6.00%

Cap Rate

1993

Year Built

Property Overview

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 a full kitchen and excellent year-round foot traffic, currently occupied by the well-established The Wayfinder Cafe, ( bussiness not for sale) a popular dining destination with a loyal customer base. 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.