105 S 1st St - Retail FOR SALE


La Conner, WA 98257
$1,795,000 USD
206-909-3314
105 S 1st St, La Conner, WA for Sale
$1,795,000 USD
Retail - FOR SALE
1/1
null | 4.78% Cap Rate

105 S 1st St
La Conner, WA 98257


HIGHLIGHTS

  • Strategically Located on the Most Prominent Corner in La Conner
  • Attractive Building Design with Charming Courtyard
  • Condo-Quality Apartment on Second Floor
  • Potential To Convert Apartment to Air BnB for Greater Income
  • Commercial Zoning Allows most Retail and Office Uses
  • 2 Commercial Tenants on Main Floor

OVERVIEW

Charming 2-story mixed-use property strategically located on the doorsteps of the Swinomish Channel. Unique layout with courtyard includes 2 commercial units (2,838 SF & 1,397 SF) on the main floor and 1 condo-quality apartment apartment (1,676 SF) on the upper floor with territorial views of this historic town. Remodeled upscale apartment boasts formal living & dining rooms, kitchen island, stainless steel appliances, 2 bedrooms, 2 3/4 baths, stacked washer/dryer and deck providing the potential to convert use to Air BnB for greater income. Seller vacating larger commercial space (Step Outside) which creates flexibility for Buyer. Adjacent commercial Tenant (Erth Eco-Ethos) provides stable income until March 31, 2029. Zoning allows for a variety of uses including retail, office, lodging restaurant/pub, child care, trade schools.

FOR SALE DETAILS

PRICE

$1,795,000 USD

PRICE/SF

$379 USD /SF

CAP RATE

4.78%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

ADD'L SUBTYPES

Storefront, Medical

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1979

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.14 AC

LAND SF

6,098 SF

ZONING

Commercial

APN/PARCEL ID

P74115

ASK ABOUT THIS PROPERTY

Mark PeizerPeizer Commercial Real Estate, LLCMore Info
206-909-3314

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Mark PeizerPeizer Commercial Real Estate, LLCMore Info
206-909-3314

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.