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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.
Highlights
5,729 SF total building area (2,320 SF at 10900 SE 21st & 3,409 SF at 2120 SE Monroe).
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The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.
We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.
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