Damonian Pike

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Listing provided courtesy of Ruby Peak Realty, Inc.- MLS# 606555348MLS Provider

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
Community data courtesy of LiveBy, Inc.

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.
* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

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
Calculations provided by Reliance Network

202 E 1ST ST History

Date Event Value Agent
6/18/2026Source: Regional MLS Price Reduction
$390,000 -20.4%
9/4/2025Source: Regional MLS Added to Database
September 04, 2025