For Sale
$1,950,000

85452 Highway 11Milton-Freewater, OR 97862

Prime Milton-Freewater Warehouse Investment

Overview

Added:
Dec 11, 2024
Days on market:
112
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.

Highlights

  • Exceptional Milton-Freewater, OR investment opportunity on a 2.15-acre lot.
  • Two steel commercial buildings on a high-traffic Highway 11 corridor.
  • First building (1984): Tobacco shop tenant, owner-occupied space (available for lease), three attached two-bay garages, three detached storage units, loading dock, and a two-bedroom apartment.
  • Second building (2000): Stateline Chiroptic and Price Computers tenants, warehouse bays with oversized doors, mezzanine office.
  • Excellent paved parking, ample storage, strong rental history, and $1,950,000 asking price.

Property Details for 85452 Highway 11

Property type
Warehouses, Land
Lot Size (sq. ft)
93,654 SF

Location Insight

City
Milton-Freewater
County
Umatilla
State
Oregon
Latitude
45.9932269
Longitude
-118.3880666
85452 Highway 11, Milton-Freewater, Oregon

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85452 Highway 11
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