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Step Outside Mixed Use Building 101-107 S 1st St 5,911 SF 100% Leased Retail Building La Conner, WA 98257 $1,650,000 ($279.14/SF) 5.56% Cap Rate
Investment Highlights
- Located in Main Commercial Tourism Area
- Long Term Lease in Place on One Retail Space
- High Visibility
- Apartment is Move-in Ready
Executive Summary
Beautiful mixed-use building on the main commercial tourism corner in La Conner - no better visibility for your tenants or your personal business. Very nicely appointed two-bedroom, two-bath apartment up, with two beautiful retail spaces down. Long-term lease on Erth retail space, apartment is ready to move in.
Contact Listing Agent for Showings
Contact Listing Agent for Showings
Financial Summary (Actual - 2025) Click Here to Access |
Annual | Annual Per SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Taxes |
$99,999
|
$9.99
|
| Operating Expenses |
$99,999
|
$9.99
|
| Total Expenses |
$99,999
|
$9.99
|
| Net Operating Income |
$99,999
|
$9.99
|
Financial Summary (Actual - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Taxes | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Operating Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Total Expenses | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
Property Facts
Sale Type
Investment
Property Type
Retail
Property Subtype
Storefront
Building Size
5,911 SF
Building Class
B
Year Built
1979
Price
$1,650,000
Price Per SF
$279.14
Cap Rate
5.56%
NOI
$91,756
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.14 AC
Zoning
Commercial - Commercial (Historic Preservation District Overlay Zone)
Zoning allows for multiple uses incl. retail, office, medical, lodging, pub, & child care
Fairly walkable
40/100
Exceptionally drivable
100/100
Fairly bikeable
40/100
Property Taxes
| Parcel Number | P74115 | Total Assessment | $1,144,600 |
| Land Assessment | $506,000 | Annual Taxes | ($1) ($0.00/SF) |
| Improvements Assessment | $638,600 | Tax Year | 2025 |
Property Taxes
Parcel Number
P74115
Land Assessment
$506,000
Improvements Assessment
$638,600
Total Assessment
$1,144,600
Annual Taxes
($1) ($0.00/SF)
Tax Year
2025
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Step Outside Mixed Use Building | 101-107 S 1st St
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