Restaurant Owner/User Opportunity with Apartments

11020-11070 SE Main Street, Milwaukie, OR 97222

  • For Sale $2,450,000
  • Property Type Retail - Street Retail
  • Property Size 15,454 SF
  • Lot Size 12,339 Acre
  • Additional Rent Contact for pricing
  • Property Tenancy Multi-Tenant
  • Date Updated Sep 12, 2024
Norris & Stevens is pleased to present the sale of three tax lots totaling 12,339 square feet of land, and approximately 15,454 square feet of mixed-use space across two buildings in historic downtown Milwaukie, Oregon. Libbie's Restaurant has operated in the property for over 40 years, and includes six apartment units on the second floor. The Golden Nugget Bar operates in the adjacent building, and the third parcel is a surface parking lot.

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Attachments

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

Contacts

broker

Thomas McDowell

Norris & Stevens

Location

Getting Around

  • Walk Score ®

    83/100 Very Walkable

  • Transit Score ®

    55/100 Good Transit

  • Bike Score ®

    75/100 Very Bikeable
Powered by Walk Score ®
  • City Milwaukie, OR
  • Neighborhood Historic Milwaulkie
  • Zip Code 97222
  • Market Portland

Points of Interest

  • Willamette Shore Trolley Lake Oswego Station

    1.98 miles

  • Oaks Park

    2.23 miles

  • Bancroft Street

    3.78 miles

  • Lents Town Center/Southeast Foster Road

    4.43 miles

  • Marquam Hill

    4.44 miles

  • Southeast Water/OMSI

    4.56 miles

  • Southeast Martin Luther King & Mill

    4.72 miles

  • Southeast Grand & Mill

    4.73 miles

  • Southeast Holgate Boulevard

    4.91 miles

  • PSU South/Southwest 5th & Jackson

    5.01 miles

  • Astro

    0.05 miles

  • 76

    0.07 miles

  • PGE Electric Avenue Milwaukie

    0.12 miles

  • Tesla Destination Charger

    0.14 miles

  • Chevron

    0.59 miles

  • Safeway Fuel Station

    1.08 miles

  • Fred Meyer

    1.30 miles

  • Shell

    1.64 miles

  • Electrify America

    2.02 miles

  • Blink

    3.25 miles

  • Milwaukie

    0.65 miles

  • SE Park Ave

    0.97 miles

  • SE Tacoma/Johnson Creek

    1.33 miles

  • Horse Parking

    1.67 miles

  • Christ Church Parish

    2.38 miles

  • West Parking

    2.63 miles

  • East Parking

    2.66 miles

  • North Parking

    2.84 miles

  • Oaks Bottom Trail Head

    2.99 miles

  • Lake Oswego United Methodist Church

    3.16 miles

  • Libbie's

    0.00 miles

  • Cha! Cha! Cha!

    0.01 miles

  • Ovation Bistro & Bar

    0.04 miles

  • Main Street Soda Fountain

    0.07 miles

  • Gramma's Corner Restaurant

    0.10 miles

  • Teppanyaki Hut

    0.14 miles

  • Milwaukie Station Food Cart Pod

    0.14 miles

  • Thai Street

    0.15 miles

  • The Greek Gods Gyro

    0.15 miles

  • Puddletown Bagels

    0.15 miles

  • New Seasons Market

    0.67 miles

  • Safeway

    1.14 miles

  • Fred Meyer

    1.86 miles

  • Whole Foods Market

    2.15 miles

  • Montelupo Italian Market

    2.18 miles

  • QFC

    2.33 miles

  • Walmart Neighborhood Market

    2.36 miles

  • Grocery Outlet

    2.51 miles

  • Zupan's

    2.54 miles

  • Big Lots

    2.60 miles

Frequently Asked Questions

How much does Restaurant Owner/User Opportunity with Apartments cost?

The space currently listed for sale at Restaurant Owner/User Opportunity with Apartments asks for $2,450,000.

What is the total square footage of Restaurant Owner/User Opportunity with Apartments?

Restaurant Owner/User Opportunity with Apartments totals 15,454 square feet.

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Contact Listing Broker

broker

Thomas McDowell

Norris & Stevens