11222 Main St Milwaukie, OR 97222

Exceptional investment opportunity in vibrant Downtown Milwaukie, Oregon. This portfolio comprises two Class A retail buildings totaling 16,888 square feet on a combined 34,440 square foot lot. Building 11138, a 5,546 square foot single-tenant structure, is leased to a local tech company, while the adjacent 11,342 square foot Building 11222 houses two tenants: the United States Postal Service (USPS), holding an investment-grade credit rating (AA+), with a recently signed five-year lease extension, and a specialty retailer. Both buildings boast strong occupancy and benefit from annual 3% rent increases for two of the tenants. Constructed in 1965, the property features 30 parking spaces and is zoned Downtown Mixed-Use (DMU), offering flexible redevelopment potential. The strategic location on Main Street provides convenient access to TriMet's Max Light Rail Orange Line and bus service, enhancing visibility and accessibility. Below-market rents for some tenants present a significant opportunity for future income growth. The fee-simple ownership offers a stabilized investment with a 7.00% cap rate and an asking price of $3,075,000. This prime location in a thriving downtown area, coupled with the strong tenant mix and flexible zoning, makes this a compelling investment prospect.