106 1st Street, La Conner, WA
Turnkey PNW-themed bookstore with strong community roots for sale.
- Added:
- Jul 11, 2025
- Days on Market:
- 338
- Last Refresh:
- May 20 at 8:43 pm
Property Features for 106 1st Street
General Information
- Standard status
- Active
- Size
- 1,961 SF
- Lot size
- 0.46 Acres
- Property subtype
- RETAIL
Listing agent Kelli Lang License #106836 (360) 929-2217
Listing office RE/MAX Gateway (360) 929-2217
Listing date Jul 11, 2025
Source Moodyscre
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HighLights
- Established PNW‑themed bookstore with strong community roots and high visibility.
- Prime waterfront location in the scenic town of La Conner, attracting both tourists and locals.
- Turnkey business opportunity with existing revenue streams from books, gifts, and local artwork sales.
- Unique revenue opportunity through rotating displays of local artists' work.
- Friendly and reasonable landlord.
- Steady foot traffic due to the bookstore's established reputation and location.
Overview
Local Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $24.0k | $12.24 |
| − Vacancy | −$348 | −$0.18 |
| EGI | $23.7k | $12.06 |
| − OpEx | −$7.1k | −$3.62 |
| NOI | $16.6k | $8.44 |
Alternative Uses
Current Use by Public Records
Location Insight
- Map
- Local Demand
- City
- La Conner
- County
- Skagit
- State
- Washington
- Longitude
- -122.496
- Latitude
- 48.3919