503 S 3rd StreetLa Conner, WA98257

$1,100,000
0.32 acres
22 days on market

VestorFilter™

Price per acre$3.44M/ac
Time on market19847 days

Property Description

Katy's Inn has been in operation since 1984 and is located in the center of La Conner, Washington. A destination for festivals, agricultural fairs and tourism into the San Juan Islands & North Cascades as well as the annual Skagit Valley Tulip Festival. There are four guest bedrooms and one 400 sf studio apartment for the owner. Common areas include patio with 2 gazebos. The inn easily has an occupancy rate of 50%. An aggressive owner could certainly increase the occupancy. In 2024 the average nightly rate is bringing in $175.00 plus tips. Training for new owners can be included. All intellectual property is included; web site, logos, printed materials, recipes, written policies and procedures. List of assets included is available.

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Financial Data

Original Price$1,100,000
Current Price$1,100,000
Property Taxes$6,087

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Home Facts

StatusActive
Year Built1882
Interior Features
Exterior Features
MLS IDNWM2222743