10900 21st Ave Milwaukie, OR 97222-7602

Property Details for 10900 21st Ave

Year built

1965

Lot size

0.15 lot acres

Zone code

DR

Property type

Commercial real estate

APN

11E36BB04000

APU

11E36BB04000

Description

This exceptional investment opportunity presents a former bank and attached office building totaling 5,729 square feet on a 0.37-acre lot in desirable Downtown Milwaukie, Oregon. The property, located at 10900 SE 21st Ave, 97222, features two buildings constructed in 1965 and 1967, offering a combined 5,729 square feet of net rentable space. The main building, a former bank, boasts tall ceilings, floor-to-ceiling windows, and high visibility from its corner location at NE 21st Ave and Monroe Street. The attached office building provides private offices, a conference room, kitchen/breakroom, bathrooms, a server room, and storage. The property includes a substantial 22-space parking lot, low-maintenance landscaping, and a prominent monument sign. Currently vacant, this Class C property is zoned DMU (Downtown Mixed Use), presenting excellent potential for owner-user occupancy or future development. The asking price is $1,525,000 ($266.19/sq ft). Conveniently located near schools, parks, and the riverfront walk, the property also benefits from an average daily traffic count of approximately 28,972 vehicles (measured two blocks away at McLoughlin and Washington). This is a rare opportunity to acquire a well-positioned property in a thriving downtown area.