Libbie's Restaurant | 11056-11070 SE Main St
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Libbie's Restaurant 11056-11070 SE Main St
15,454 SF 100% Leased Retail Building Milwaukie, OR 97222 $2,450,000 ($159/SF)
Executive Summary
• 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
• 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
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Residential
Building Size
15,454 SF
Building Class
C
Year Built
1945
Price
$2,450,000
Price Per SF
$159
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.27
Land Acres
0.28 AC
Zoning
DMU - Downtown Mixed Use
Parking
30 Spaces (1.94 Spaces per 1,000 SF Leased)
Frontage
90 FT on Main St
Amenities
- Signage
Walk Score ®
Very Walkable (86)
Bike Score ®
Very Bikeable (80)
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $661,456 |
PROPERTY TAXES
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$661,456
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Raymond Duchek -
Norris & Stevens, Inc.
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Libbie's Restaurant | 11056-11070 SE Main St
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