11056-11070 SE Main St - Storefront Retail/Residential FOR SALE


Milwaukie, OR 97222- Historic Milwaukie
$2,500,000 USD
503-729-0235
11056-11070 SE Main St, Milwaukie, OR for Sale
$2,500,000 USD
Storefront Retail/Residential - FOR SALE
1/15
null | Request Cap Rate

11056-11070 SE Main St
Milwaukie, OR 97222
Historic Milwaukie


OVERVIEW

Libbie’s Bar and Restaurant & The Golden Nugget are currently available for acquisition, presenting a substantial investment opportunity with an asking price of $225,000 for the business and $2,275,000 for its property (two buildings and parking lot). This establishment generates consistent annual revenue and solid Seller’s Discretionary Earnings (SDE) figures. Located on Main Street in downtown Milwaukie, Oregon, the adjacent businesses benefit from high visibility and significant foot traffic, attracting a clientele with its exceptional food, beverages, and welcoming atmosphere. Theoffering includes two buildings containing two bars and a fully equipped commercial kitchen located within Libbie’s restaurant. Additionally, nine lottery machines contribute over $131,000 to the annual revenue as of 2023. The property also features six apartments with long-term tenants, providing below-market rents. Included in the sale are various assets such as businesses, furniture, fixtures, and equipment, along with a full basement under Libbie’s restaurant encompassing approximately 4,760 square feet. The basement is equipped with two large walk-in coolers, shop area, storage space, bakery room with ample dry storage, two commercial sinks, pizza oven, and a spacious office. Additionally, there is a banquet/meeting room located at the rear of the restaurant. Parking accommodations include 21 on-site spaces plus street parking, with potential for apartment redevelopment. For further details, please contact Broker for Confidential Business Review document.

FOR SALE DETAILS

PRICE

$2,500,000 USD

PRICE/SF

$162 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Libby's Lounge

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1945

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,197 SF

ZONING

DMU

APN/PARCEL ID

00027214,00027223

ASK ABOUT THIS PROPERTY

Daren BucklinTransworld Business Advisors of PortlandMore Info
503-729-0235

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Daren BucklinTransworld Business Advisors of PortlandMore Info
503-729-0235

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.