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    Warehouses

    85452 Highway 11, Milton-Freewater, OR 97862

    2.15 ac lot
    Property ID
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Warehouses
    Lot 2.15 ac (93,654 SF)
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
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    Owner & transaction history
    Owner on record
    Zoning & alternative use
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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