Restaurant Owner/User Opportunity with Apartments

For Sale

11020-11070 SE Main Street, Milwaukie, OR 97222

This Milwaukie property for sale is located at 11020-11070 SE Main Street. The current listed sale price for Restaurant Owner/User Opportunity with Apartments is $2,450,000. Restaurant Owner/User Opportunity with Apartments is situated on a lot that is 12,339 acre in size.

Contacts

broker

Thomas McDowell

Norris & Stevens

(503) 225-8473

Property Details

  • Property Type Retail - Street Retail
  • Property Size 14,372 SF
  • Lot Size 12,339 Acre
  • Property Tenancy Multi-Tenant
  • Date Updated Apr 12, 2024
Norris & Stevens is pleased to present the sale of three tax lots totaling 12,339 square feet of land, and approximately 14,372 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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Highlights

  • Located on Main Street in charming historic downtown Milwaukie, Oregon
  • Two buildings with two bars that share one commercial kitchen located in Libbie’s 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

Attachments

Getting around

  • 83/100

    Walk Score ®

  • 55/100

    Transit Score ®

  • 75/100

    Bike Score ®

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Location

  • City Milwaukie, OR
  • Neighborhood Historic Milwaulkie
  • Zip Code 97222
  • Market Portland

Points of Interest

  • Milwaukie/Main Street

    0.13 miles

  • Southeast Park Avenue

    0.89 miles

  • Southeast Tacoma/Johnson Creek

    1.38 miles

  • Willamette Shore Trolley Lake Oswego Station

    1.98 miles

  • Southeast Bybee Boulevard

    2.21 miles

  • Oaks Park

    2.23 miles

  • Southeast 17th Avenue & Holgate Boulevard

    3.33 miles

  • Southeast Fuller Road

    3.34 miles

  • Clackamas Town Center Transit Center

    3.58 miles

  • Bancroft Street

    3.78 miles

  • Chevron

    0.05 miles

  • 76

    0.07 miles

  • PGE Electric Avenue Milwaukie

    0.12 miles

  • Tesla Destination Charger

    0.14 miles

  • 76

    0.50 miles

  • Chevron

    0.59 miles

  • Safeway Fuel Station

    1.08 miles

  • Fred Meyer

    1.30 miles

  • Chevron

    1.47 miles

  • Shell

    1.64 miles

  • Milwaukie Presbyterian Church

    0.29 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

  • Libbie's

    0.00 miles

  • Cha! Cha! Cha!

    0.01 miles

  • Gramma's Corner Restaurant

    0.10 miles

  • Milwaukie Station Food Cart Pod

    0.14 miles

  • Rice Thai Cookery

    0.20 miles

  • Casa de Tamales

    0.22 miles

  • Pietro's

    0.35 miles

  • Mike's Drive-In

    0.50 miles

  • McDonald's

    0.60 miles

  • Taco Bell

    0.61 miles

  • Eagle Bargain

    0.77 miles

  • Safeway

    1.14 miles

  • New Seasons Market

    1.58 miles

  • Fred Meyer

    1.86 miles

  • Safeway

    2.05 miles

  • Whole Foods Market

    2.15 miles

  • QFC

    2.33 miles

  • Walmart Neighborhood Market

    2.36 miles

  • Grocery Outlet

    2.51 miles

  • Zupan's

    2.54 miles

In-Depth Research Available for this Property

Access more in-depth information about this property — including ownership, tenant details, property characteristics and transaction history, along with local market insights and much more — on CommercialEdge.

Contact Listing Broker

broker

Thomas McDowell

Norris & Stevens

(503) 225-8473