About this home

TWO LEVELS, TWO INCOME STREAMS - AN EXCEPTIONAL OPPORTUNITY TO 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 full kitchen and excellent year-round foot traffic, currently occupied by the well-established The Wayfinder Cafe, a popular dining destination with a loyal customer base. ( Bussiness not for sale ) 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.

Interior features

Exterior features

Appliances

Property details

Heating

Forced Air

Cooling

None

Flooring

Ceramic Tile, Hardwood, Slate, Carpet

Parking

Off Street

View

Canal, Mountains

Lot

Corner Lot, Curbs, Paved, Sidewalk

Water source

Public

Sewer

Sewer Connected

Levels

Two

Fireplaces

1

Costs

Price / sq ft

$460

Annual taxes

$3,567 (2025)

Location

La Conner, WA 98257