For sale
Restaurants
OR
Milwaukie
97267
18893 Southeast McLoughlin Boulevard

Freestanding Retail/Restaurant Space Available

18893 Southeast McLoughlin Boulevard, Milwaukie, OR 97267

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For Sale

$499,500

Freestanding retail or restaurant space on Oregon Route 99E.

Type:Restaurant

Property size:

3,182 SF

Price / SF:

$156/SF

HighLights

High Traffic Counts: ±28.2k ADTV on Oregon Route 99E
Freestanding Retail/Restaurant Space: ± 3,182 SF Building on ± 5,809 SF Lot
Benefit from Pylon Signage with Frontage on Oregon Route 99E
FE&E Included: Two Large Built‑in Smokers, Four Walk‑in Refrigerators, Two Walk‑in Freezers
Easily Converted: Suitable for restaurant, commercial kitchen, neighborhood grocery, and other retail uses
Proforma Cap Rate: 9.28% if leased at $18/SF + NNN

We can help!

Listing Contact

Jason VanAbrams

For Sale

$499,500

Freestanding retail or restaurant space on Oregon Route 99E.

Type:Restaurant

Property size:

3,182 SF

Price / SF:

$156/SF

Added:: Nov 25, 2025
Days on Market:: 197
Last Refresh:: May 8 at 9:07 pm

Property Features for 18893 Southeast McLoughlin Boulevard

General Information

Standard status: Active
Size: 3,182 SF
Property subtype: Restaurant

Building Details

Year Built: 1963

We can help!

Listing Contact

Jason VanAbrams

Listing agent Jason VanAbrams

Listing office

Listing date Nov 25, 2025

Source Corfac

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

All listing content including descriptions, pricing, images are the copyrighted material of Jason VanAbrams

HighLights

High Traffic Counts: ±28.2k ADTV on Oregon Route 99E
Freestanding Retail/Restaurant Space: ± 3,182 SF Building on ± 5,809 SF Lot
Benefit from Pylon Signage with Frontage on Oregon Route 99E
FE&E Included: Two Large Built‑in Smokers, Four Walk‑in Refrigerators, Two Walk‑in Freezers
Easily Converted: Suitable for restaurant, commercial kitchen, neighborhood grocery, and other retail uses
Proforma Cap Rate: 9.28% if leased at $18/SF + NNN

Overview

This freestanding retail or restaurant space features a ± 3,182 square foot building on a ± 5,809 square foot lot. Constructed in 1963, the property is zoned General Commercial (C-3) according to Clackamas County Zoning. The building includes floor-to-ceiling windows and pylon signage with frontage on Oregon Route 99E. It offers six striped parking spots, a ratio of 2 per 1000 square feet. The business can vacate or be included in the sale. The space can be easily converted into a variety of retail uses including a restaurant, commercial kitchen, or neighborhood grocery. The property includes two large built-in smokers, four walk-in refrigerators, and two walk-in freezers. Traffic counts on 99E (NW+SE) reach approximately 28,200 ADTV. The property is being offered for sale and has a proforma cap rate of 9.28% if leased at $18 per square foot + NNN.

Local Financial Insights For Retail

Simulate Cap Rate and NOI

NOI Build-Up

Component	$	$/SF
Gross rent	$68.3k	$21.48
− Vacancy	−$5.1k	−$1.61
EGI	$63.2k	$19.87
− OpEx	−$19.0k	−$5.96
NOI	$44.3k	$13.91

3,182 SF · lease $21.48/SF/yr · vacancy 7.50% · expense 30.00%

Alternative Uses

Best Use

Retail

$632.2K

$553.2K – $737.6K (±1% cap)

NOI $44,256 @ 7.0% cap · market cap 8.86%

Second Best

Specialty Retail

$567.6K

$496.7K – $662.3K (±1% cap)

NOI $39,735 @ 7.0% cap · market cap 7.95%

Theoretical Best

Office A

$858.9K

$751.5K – $1.00M (±1% cap)

NOI $60,123 @ 7.0% cap · market cap 12.04%

Zoning and permitted uses should be independently verified with local authorities.

Property Profile Location Intelligence

Current Use by Public Records

Restaurants

Suggested Use

Location Insight

Map
Local Demand

City: Milwaukie
County: Clackamas
State: Oregon
Longitude: -122.609
Latitude: 45.3859

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For sale
Restaurants
OR
Milwaukie
97267
18893 Southeast McLoughlin Boulevard

What type of property is this?

Restaurant - Freestanding retail or restaurant space on Oregon Route 99E.

Where is this restaurant located?

The property is located at 18893 Southeast McLoughlin Boulevard Milwaukie, OR.

What is the asking price?

The asking price for this property is $499,500.

What are key features of this property?

This property features: High Traffic Counts: ±28.2k ADTV on Oregon Route 99E; Freestanding Retail/Restaurant Space: ± 3,182 SF Building on ± 5,809 SF Lot; Benefit from Pylon Signage with Frontage on Oregon Route 99E