16550 Mcloughlin BlvdMilwaukie, OR 97267

  • Commercial real estate
  • 0.96 AC
For Sale
$7,300,000 View listing

Property Details for 16550 Mcloughlin Blvd

Year built
1978
Lot size
0.96 AC
Zone code
C3
Property type
Commercial real estate
APN
21E12DD01102
APU
21E12DD01102

Description

This exceptional investment opportunity presents a 12-unit strip mall ideally situated at 16550 SE McLoughlin Blvd in Milwaukie, Oregon. The property boasts a total of 31,564 square feet across three distinct buildings situated on a generous 2.96-acre lot. The property features a prominent monument sign ensuring high visibility and convenient access with two points of ingress and egress. Building 1, encompassing 5,464 square feet, is currently occupied by a long-term tenant, Round Table Pizza. Building 2, a substantial 17,700 square feet, houses a mix of six tenants, including three larger and three smaller businesses. Finally, Building 3 offers 8,400 square feet and accommodates five additional tenants. The property benefits from a strong history of long-term tenants, indicating a stable and reliable income stream. This well-maintained and strategically located strip mall presents a compelling investment opportunity for discerning buyers seeking a proven, high-performing commercial asset in a thriving Oregon market. The substantial size, diverse tenant base, and prime location combine to create a truly exceptional investment prospect. The property's established tenant roster and visible location contribute to its strong potential for continued growth and profitability. This is a rare opportunity to acquire a well-established and highly sought-after commercial property in a desirable location.

Location Insight

City
Milwaukie
County
Clackamas
State
Oregon
Latitude
45.4041
Longitude
-122.622
CBSA code
38900
CBSA name
PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$19,302
-
-
$1,020,128
-
$741,888
$939,370
$1,681,258

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