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Historic Downtown Retail Space

517 N Main St, Milton Freewater, OR 97862

For Sale
$455,000

Built in 1919, the property has C1 zoning and a history of varied commercial occupancy.

Property Size8,340 SF
Price / SF$54.56
Days on Market290

Property Features for 517 N Main St

General Information

Standard status Active
Size 8,340 SF
Property subtype Commercial
Zoning C1

Taxes and HOA fees

Annual Taxes $983

Building Details

Building Size 8,340 SF
Year Built 1919
Buildings 1
Stories 2
Listing Agency: John L Scott Hermiston
Listed By: Dennis Gisi · License OR #201208415
Source: Jmannrealty
Added: Jan 29 Changed: Nov 11 Last Checked: Nov 13 at 5:41AM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of John L Scott Hermiston

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Investment Insights

Based on property information with market context.

This 8,340-square-foot retail property dates to 1919 and is zoned C1. Its past occupants include the First National Bank of Freewater, which operated here from 1911 to 1933, followed by a grocery store, clothing boutique, and gentlemen’s club.

The building is in downtown Milton-Freewater, near The Rocks sub-AVA of the Walla Walla Valley. Its commercial history and existing zoning provide useful context for evaluating the property.

Key Highlights

  • 8,340‑square‑foot retail property
  • Built in 1919; zoned C1
  • Former home of First National Bank of Freewater from 1911 to 1933

Property Analytics

Who owns this building? See the owner, sales and loan history
Open Analytics

Current Use

First National Bank Tour Operator

Suggested Use

Top Pick Parking Lot & Garage Law Firm Real Estate Agency Spa & Massage Center Hair Salon Nail Salon

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

312
Businesses Nearby
22k
Monthly Visits Nearby

Foot Traffic Nearby

Groceries 88% Shops & Services 12%
Safeway Groceries
19,212 visits/mo 0.4 miles
Les Schwab Tire Center Shops & Services
2,453 visits/mo 0.5 miles
U.S. Bank Shops & Services
269 visits/mo 0.5 miles

Demographics for 97862, OR

11,512
Population
5,245
Households
2.2
Avg Household Size
39
Median Age
13%
College-Educated
79%
High-School Grad
292.9 sq mi
ZIP Area
39
Density / Sq Mi
$54,013
Median Household Income
$32,787
Median Earnings
$858
Median Rent
$225,400
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Retail in West region

7% 2020
6.3% 2021
5.5% 2022
5.3% 2023
5.5% 2024
5.8% 2025

Frequently Asked Questions

What type of property is this?
Retail space - Built in 1919, the property has C1 zoning and a history of varied commercial occupancy.
Where is this retail space located?
The property is located at 517 N Main St Milton Freewater, OR.
What is the asking price?
The asking price for this property is $455,000.
What are key features of this property?
This property features: 8,340‑square‑foot retail property; Built in 1919; zoned C1; Former home of First National Bank of Freewater from 1911 to 1933
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