85452 Highway 11 Milton-Freewater, OR 97862
- Warehouses
- 2.15 lot acres
Current Use by Public Records
- Warehouses
Property Details for 85452 Highway 11
- Lot size
- 2.15 lot acres
- Property type
- Warehouses
- Property subtype
- Land
Description
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.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Milton-Freewater
- County
- Umatilla
- State
- Oregon
- Longitude
- -118.388
- Latitude
- 45.9932
