11056-11070 Main St, Milwaukie, OR 97222
15,454 SF | 100% Leased | Retail Building | Milwaukie, OR 97222 | $2,450,000 ($159/SF)
For Sale
Active
Asking Price $2,450,000
- Property Type
-
Retail
- Square Feet
- 15,454 SF
- Price / Square Foot
- $159
Listing Contacts
- Property Info
Property Overview
DO NOT DISCUSS SALE WITH EMPLOYEES
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.
• Located on Main Street in charming historic downtown Milwaukie, Oregon
• Two separate bars, one being the Golden Nugget, the other is attached to Libbie's Restaurant. The bar attached to Libbie's is separate, making it so minors are allowed in the restaurant.
• Total of 9 lottery machines in 2023 generating over $131,000
• Long-term tenants in the 6 apartments with below-market rents
• Businesses plus furniture, fixtures and equipment are included in the price of the real estate
• Two liquor licenses, open 7 days a week
• Full basement of approximately 5,200 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
• Banquet room in back of Libbie’s restaurant
• 21 on-site parking spaces, including a handicap space, plus angle street parking
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.
• Located on Main Street in charming historic downtown Milwaukie, Oregon
• Two separate bars, one being the Golden Nugget, the other is attached to Libbie's Restaurant. The bar attached to Libbie's is separate, making it so minors are allowed in the restaurant.
• Total of 9 lottery machines in 2023 generating over $131,000
• Long-term tenants in the 6 apartments with below-market rents
• Businesses plus furniture, fixtures and equipment are included in the price of the real estate
• Two liquor licenses, open 7 days a week
• Full basement of approximately 5,200 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
• Banquet room in back of Libbie’s restaurant
• 21 on-site parking spaces, including a handicap space, plus angle street parking
Property Details
- Class
- C
- Year Built
- 1945
- Stories
- 2
- Property Subtype
- Storefront Retail/Residential
- Lot Size (sq. ft)
- 12,197 SF
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