13515 Mcloughlin BlvdMilwaukie, OR 97222

Property Details for 13515 Mcloughlin Blvd

Year built

1967

Lot size

3.37 AC

Zone code

C3

Property type

Commercial real estate

APN

21E01CA03600

APU

21E01CA03600

Description

This exceptional 3.37-acre commercial property, located at 13515 SE McLoughlin Blvd in Milwaukie, Oregon (zip code 97222), presents a significant redevelopment opportunity. The 146,797 square foot property boasts a prime location on McLoughlin Boulevard, a major transportation hub and economic engine, offering 265.45 feet of frontage and 571.68 feet in depth. Currently zoned C3, allowing for diverse uses, the rectangular lot also benefits from road access via Torbank Street. The property's existing structures include executive office space, a restaurant, motel office, 17 cabins, a garage, and a shop, currently at 25% occupancy. The asking price is $6,312,000, translating to $43 per square foot. The land value alone is also assessed at $43 per square foot. The property's strategic location provides easy access to all areas of the Portland Metro area, including major freeway access points to Portland and Beaverton. Its high visibility and accessibility, combined with the expansive C3 zoning, make it an ideal candidate for multi-tiered development projects. The site's superior location, infrastructure, and zoning advantages significantly outweigh comparable properties in the area, presenting a compelling investment opportunity in a rapidly growing market with high median income and strong livability perceptions. The property is offered with a gross lease and single tenancy.

• Alternative Use

  Use

  Valuation

  Residential

  $29,784,476

  Hospitality

  $27,282,420

  Educational

  $22,698,652

  Medical

  $23,479,294

  Retail

  $35,309,016

Location Insight

City

Milwaukie

County

Clackamas

State

Oregon

Latitude

45.4254

Longitude

-122.635

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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