Listing provided courtesy of Ruby Peak Realty, Inc.- MLS# 606555348
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202 E 1ST STWallowa, OR 97885
Commercial · 8,142 Sq. ft. | 0.15 Acres$390,000
Active
202 E 1ST ST Overview
- Time on Site:
- 298 days
- Visits:
- 0
Prime Highway 82 Investment Opportunity in Downtown Wallowa! Positioned in the heart of Wallowa with 60 feet of unbeatable storefront exposure, this property includes two commercial buildings packed with potential. Currently home to a mix of established tenants - a hair salon, retail shop, coffee shop, and a studio apartment - this investment already generates reliable income. Beyond the existing rentals, the property boasts three additional vacant storefronts (two facing Hwy 82 and one on Pine Street), plus extra unused space waiting to be transformed into whatever you envision - boutiques, offices, studios, or more. Recent upgrades give peace of mind and a modern appeal: a newer 40-year roof, updated plumbing and electrical, and refreshed interiors with modern bathrooms, new flooring, and stylish finishes. With strong income in place and plenty of room for growth, this property is a standout opportunity for investors or entrepreneurs. Even better, the owner is open to carrying a contract, making it easier than ever to step into this prime location. 202 & 204 E First Street are included in the sale.
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202 E 1ST ST Facts & Features
- Type Commercial
- Sq. ft. 8,142
- Price/Sq.ft. $48
- Lot 0.15 Acres
Details
General
Income/Expenses
- Existing Lease Type: Month To Month
- Gross Income: 32700.0
- Operating Expense: 9962.0
Building Information
- Year Built: 1898
Business Information
- Current Use: Food Service,Other,Salon
Location/Region
- Country: US
- County Or Parish: Wallowa
- MLS Area Major: 470 - Wallowa County
Tax Information
- Tax Annual Amount: 2128.32
- Tax Year: 2025
General Information
- Inclusions: Building,Land
- Listing Terms: Cash,Contract,Conventional,Other
- Parcel Number: 5504
- Property Condition: Updated/Remodeled
- Property Sub Type: Commercial
- Property Type: Commercial Sale
- Zoning: C
Interior
Building Interior
- Building Area Total: 8142.0
General Information
- Heating: Zoned
Exterior
Parking Information
- Parking Features: On Street
Lot Information
- Lot Size Acres: 0.15
- Lot Size Area: 6600
- Lot Size Dimensions: 60X110
- Lot Size Square Feet: 6534.0
- Number Of Buildings: 2
- Road Surface Type: Concrete
- Water Source: Public Water
Building Exterior/Construction
- Construction Materials: Wood Siding
- Roof: Metal
General Information
- Sewer: Public Sewer
202 E 1ST ST Neighborhood
Community
97885 (WALLOWA) Demographics
45
Median Age
4
Population Density (per sq. mile)
29%
College Educated
$50,990
Estimated Median Income
403
Estimated Total Home Owners
116
Estimated Total Renters
78% / 22%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Schools
School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.202 E 1ST ST Monthly Cost
202 E 1ST ST Market Data
Based on the last 30 days in this zip code
$1,569,782
Average List Price
$1,134
Average Price per Square Foot
4
Properties Sold
129
Average Days on Market
17
Properties for Sale
202 E 1ST ST History
| Date | Value | Agent |
|---|---|---|
| 6/18/2026Source: Regional MLS | $390,000 -20.4% |
|
| 9/4/2025Source: Regional MLS | September 04, 2025 |