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    203 Alder St Walla Walla, WA 99362

    Sponsored
    For Sale
    $1,000,000

    Historic building, versatile space, prime location

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional $1,000,000 property at 203 Alder Street in Walla Walla, Washington, presents a unique investment opportunity. Situated on a 0.18-acre lot at the highly visible corner of Alder and 4th Street, this historic building boasts a rich past. Originally constructed in 1905 as an opera house by Howard R. Keylor, it later operated as the Paramount Theater, hosting live events. More recently, it served for three decades as a jewelry and loan shop. The building's exterior brick walls have undergone recent repointing, enhancing its curb appeal. Inside, you'll find an elevator equipped with a new motor, ample client space, dedicated office areas, and numerous rooms adaptable to various uses, including storage. The flexible layout and distinct character make it suitable for a wide range of businesses. Importantly, residential living space has been approved for the first floor and upper levels, opening up additional possibilities. This prime downtown location offers unparalleled visibility and access, making it an ideal investment for discerning buyers seeking a versatile and historically significant property in the heart of Walla Walla, WA 99362. The property is classified as Industrial and Land, with a Warehouse and Commercial subtype.

    Property Features for 203 Alder St

    General Information

    Property type
    Distribution properties
    Lot Size
    7,841 SF

    HighLights

    • $1,000,000 investment opportunity at 203 Alder Street, Walla Walla, WA.
    • 0.18‑acre lot at the highly visible corner of Alder and 4th Streets.
    • Historic 1905 building, previously an opera house and jewelry/loan shop.
    • Recently repointed exterior brick walls.
    • Features an elevator with a new motor, ample client space, dedicated offices, and adaptable rooms.
    • Approved for residential use on the first floor and upper levels.
    Property Profile Location Intelligence

    Current Use by Public Records

    H & H Sports ... Pawn Shop

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Walla Walla
    County
    Walla Walla
    State
    Washington
    Longitude
    -118.3412873
    Latitude
    46.0644012

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    FAQs

    What type of property is this?
    Distribution property - Historic building, versatile space, prime location
    Where is this distribution property located?
    The property is located at 203 Alder St Walla Walla, WA.
    What is the asking price?
    The asking price for this property is $1,000,000.
    What are key features of this property?
    This property features: $1,000,000 investment opportunity at 203 Alder Street, Walla Walla, WA.; 0.18-acre lot at the highly visible corner of Alder and 4th Streets.; Historic 1905 building, previously an opera house and jewelry/loan shop.
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    203 Alder St Walla Walla, WA 99362
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