209 1St StEnterprise, OR 97828

Property Details for 209 1St St

Year built

1992

Lot size

0.17 AC

Property size (Sq ft)

2,507 SF

Property type

Retail properties

Property subtype

Banks

APN

01S4435DC 8200

APU

01S4435DC8200

Description

This exceptional commercial property, located at 209 NW 1st Street in Enterprise, Oregon, presents a unique investment opportunity. The 2,507 square foot building, constructed in 1992, is a single-story, wood-frame structure situated on a 0.16-acre lot. Currently vacant, this traditional office building offers significant potential for a variety of uses. Its prime location along NW 1st Street, a major commercial thoroughfare in Enterprise, and its proximity to Highway 82 (W North Street) ensure high visibility and accessibility. The property is zoned C1, providing flexibility for various commercial ventures. Built in 1992, the building is situated outside of any FEMA designated flood zones, offering peace of mind to potential buyers. The single-unit building offers a straightforward ownership structure, making it an attractive option for both seasoned investors and first-time buyers. This is a rare opportunity to acquire a well-located commercial property in a thriving Oregon community. The property's size and zoning provide ample room for customization and adaptation to suit a wide range of business needs. Don't miss this chance to own a piece of Enterprise's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $750,940

  6.5%

  $693,175

  7%

  $643,663

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,346,984

  Geo Method

  $1,346,984

• Alternative Use

  Use

  Valuation

  Residential

  $584,719

  Hospitality

  $535,600

  Educational

  $445,613

  Medical

  $460,938

  Retail

  $693,175

Location Insight

City

Enterprise

County

Wallowa

State

Oregon

Latitude

45.4271

Longitude

-117.279

Property Tax & Assessments

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