About 503 S 3rd Street
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.
Features of 503 S 3rd Street
| MLS® # | 2222743 |
|---|---|
| List Price | $1,100,000 |
| Sale Price | $950,000 |
| Bathrooms | 0.00 |
| Acres | 0.32 |
| Year Built | 1882 |
| Type | Business/Commercial |
| Sub-Type | Commercial Industrial |
| Status | Sold |
Community Information
| Address | 503 S 3rd Street |
|---|---|
| Area | 820 - La Conner |
| Subdivision | Historic |
| City | La Conner |
| County | Skagit |
| State | WA |
| Zip Code | 98257 |
Amenities
| Parking Spaces | 6 |
|---|---|
| Is Waterfront | No |
Interior
| Interior Features | Fir/Softwood, Laminate, Wall to Wall Carpet |
|---|---|
| Fireplace | No |
Exterior
| Exterior Features | Wood |
|---|---|
| Foundation | Poured Concrete |
Additional Information
| Days on Market | 384 |
|---|---|
| Cumulative Days on Market | 384 |
| Days on Website | 300 |
| Foreclosure | No |
| Short Sale | No |
| RE / Bank Owned | No |