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For Sale

RESTAURANT OWNER/USER OPPORTUNITY W/ APARTMENTS

11020-11070 SE Main Street | Milwaukie, OR 97222

Property Details

Price$2,450,000
Available SF15,454 SF
Property Size0.28 Acres

Supporting Documents

Description

  • Total Building Size: ± 15,454 - 2 buildings + 4,760 SF basement
  • Land Size: ± 12,339 SF - 3 tax parcels
  • Year Built: 1915 - Golden Nugget building
    1948 - Libbie's building
  • Parking: 21 on-site spaces, including 1 handicap, plus abundant street parking
  • Excellent Visibility: Lighted vertical signage on Main Street
  • 2nd Floor Apartments: 6 units, fully leased

Highlights

  • Location - Situated on Main Street in charming historic downtown Milwaukie, Oregon
  • Opportunity - 2 buildings with 2 bars, plus a commercial kitchen located in Libbie’s restaurant
  • Solid income - 9 lottery machines in 2023 generating over $131,000
  • Stable - Long-term tenants in the 6 apartments with below-market rents
  • All included - Businesses, plus furniture, fixtures and equipment are included
  • Bonus - Full basement of approximately 4,760 square feet located under Libbie's restaurant. Basement has large walk-in cooler, shop area, storage, bakery room with abundant dry storage area, two commercial sinks, pizza oven, and a large office.
  • Events - Banquet/Meeting room in back of Libbie’s restaurant
  • Parking - 21 on-site parking spaces plus street parking
  • Future redevelopment site - apartments
  • City Grants - Milwaukie is business-friendly

Brokers

GETTING STARTED

Put our sales and management experience to work for you.

CONTACT US
73265 E Hwy 26
4062 NW Saltzman Rd

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