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Alexander King, Broker
(541) 921-5849

202 E 1st St, Wallowa, OR 97885

$490,000

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Property Description

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.

202 E 1st St | MLS# 606555348

This commercial property located at 202 E 1st St, Wallowa, OR 97885 is currently listed for sale with an asking price of $490,000. Search Wallowa real estate on alexanderking.bendpremierrealestate.com today.

Property Features

Property Type: Commercial - Business
Fuel Type: Electricity
Heating: Zoned
Lot Size: 0.15 Acres
Roof Type: Metal
Taxes: $2,128
Year Built: 1898
Square Feet: 8,142

Feature Descriptions

Days on Site: 213
Gross Income: $32700.00 (Actual)
Lot Dimensions: 60X110
Miscellaneous Features: AccessibleDoors
Operating Expenses: $9962.00 (Actual)
Parking Notes: OnStreet
Present Use: FoodService, Other, Salon
Road Surface: Concrete
Sewer: Public Sewer
Special View Info: Mountain
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: Ruby Peak Realty, Inc.
Agency Phone: 541-432-5000

Shown By

Agent Name: Alexander King, Broker
Agent Phone: (541) 921-5849
Agency Title: Bend Premier Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 04/06/2026. The listing information on this page last changed on 04/06/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Mon 04/06/2026 12:35:31 AM EST) or RMLS (last updated Mon 04/06/2026 12:33:18 AM EST) or COAR/MLSCO (last updated Mon 04/06/2026 12:31:15 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

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