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    317 1St St La Conner, WA 98257

    For Sale
    $2,995,000

    Downtown La Conner Marina, Full Occupancy, High Potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    369
    This exceptional investment opportunity presents a thriving marina located in the heart of downtown La Conner, Washington, a renowned boating destination. The property boasts 500 linear feet of prime waterfront dock space and adjacent uplands zoned for commercial and residential use. Currently operating at 100% occupancy, all slips are fully utilized, generating consistent revenue. Adding to the income stream is an existing cabin, currently rented on a nightly basis. The 4,450 square foot lot offers significant development potential. Approved schematic plans are available for an eight-unit, three-story building, perfectly aligning with the town of La Conner's vision for the area. The marina is equipped with metered electricity, security cameras, Wi-Fi, and garbage service, ensuring smooth operations and tenant satisfaction. The 100 feet of spectacular waterfront presents a unique opportunity for a boutique hotel or condominium development, capitalizing on the area's popularity and tourism. This property represents a rare chance to acquire a profitable, established marina with substantial upside potential in a desirable location. The single building on the property is situated on a commercially zoned lot. Further details regarding the Department of Natural Resources lease, income statements, and expense reports are available upon request.

    Property Features for 317 1St St

    General Information

    Property type
    Marinas

    Building Details

    Buildings
    1

    HighLights

    • $2,995,000 asking price for this La Conner, WA marina.
    • Located in downtown La Conner, a popular boating destination.
    • Commercially zoned property with residential potential.
    • Approved plans for an eight‑unit, three‑story building.
    • Marina slips are currently 100% occupied.
    • Includes a cabin generating additional rental income.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Marinas

    Suggested Use

    Realty agency Restaurant Law Firm Wholesale Shop Spa & Massage Dental Office Hair Salon Auto Parts Store Nail Salon Pharmacy

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    La Conner
    County
    Skagit
    State
    Washington
    Longitude
    -122.49589737
    Latitude
    48.39389411

    Nearby Comparable

    • $2,995,000

      La Conner Marina For Sale

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    Nearby Similar for Sale

    • $1,795,000
      5,911 SF

      Mixed-Use Property in La Conner

      Two commercial units and an upscale apartment in historic LaConner.
      101-107 S 1St St, La Conner, WA 98257
      View Details
    • $250,000
      1,961 SF

      Established Bookstore in La Conner

      Turnkey PNW-themed bookstore with strong community roots for sale.
      106 1St St, La Conner, WA 98257
      View Details
    • $2,995,000

      La Conner Marina For Sale

      Marina with commercial/residential uplands and waterfront potential.
      317 N 1St St, La Conner, WA 98257
      View Details

    FAQs

    What type of property is this?
    Marina - Downtown La Conner Marina, Full Occupancy, High Potential
    Where is this marina located?
    The property is located at 317 1St St La Conner, WA.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: $2,995,000 asking price for this La Conner, WA marina.; Located in downtown La Conner, a popular boating destination.; Commercially zoned property with residential potential.
    Request Owner's contact information
    317 1St St La Conner, WA 98257
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    La Conner, WA 98257
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    317 1St St La Conner, WA 98257
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