85452 Highway 11, Milton-Freewater, OR 97862
This exceptional Milton-Freewater, Oregon property, located at 85452 Highway 11, offers a compelling investment opportunity. The 2.15-acre lot features two substantial steel commercial buildings, strategically positioned on a high-traffic corridor. The first building, constructed in 1984, houses a tobacco shop tenant, owner-occupied space (available for lease), three attached two-bay garages, three detached storage units, an exterior loading dock, and a two-bedroom upstairs residence. The second building, a 2000 construction, currently accommodates Stateline Chiroptic and Price Computers as tenants, each occupying separate warehouse bays with oversized doors. This building also includes a mezzanine office/conference area. Both buildings boast excellent paved parking and ample storage space. The existing tenants demonstrate a strong rental history, providing a stable income stream. The owner-occupied portion offers flexibility, with a potential lease arrangement available to accommodate a buyer's preferences. This property presents a rare opportunity to acquire a well-established, multi-tenant industrial complex in a desirable location. The asking price is $1,950,000. The property is zoned for commercial and industrial use and is located in Umatilla County, Oregon, zip code 97862.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
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Property description
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