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10415 SE Main St 352 SF Retail Building Milwaukie, OR 97222 $745,610 CAD ($2,118.21 CAD/SF)

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Investment Highlights

NNN lease to investment-grade tenant through 4/30/2027 — low-maintenance, in-place income
Located in Historic Downtown Milwaukie's main commercial corridor

Redevelopment upside via DMU zoning, supporting future commercial or mixed-use build-out
Convenient access to Hwy 99E and the Milwaukie/Main Street MAX Orange Line station

Executive Summary

10415 SE Main St offers a rare covered-land investment opportunity in the heart of Historic Downtown Milwaukie. The site is improved with an existing drive-thru building leased to a credit tenant on an absolute NNN basis through 4/30/2027, delivering secure, management-free income while preserving long-term redevelopment upside. Favorable DMU zoning allows for flexible commercial and mixed-use reuse at lease expiration, positioning the property for value-add investors targeting both near-term cash flow and future development potential in a rapidly reinvesting downtown corridor.
10415 SE Main St sits along SE Main St in the heart of Historic Downtown Milwaukie, minutes south of Portland. The site offers strong visibility along the SE Main St/McLoughlin Blvd (Hwy 99E) corridor, with flexible DMU zoning that supports redevelopment. The Milwaukie/Main Street TriMet MAX Orange Line station is a short walk away, providing direct light rail access to downtown Portland.

10415 SE Main St | Sale Brochure

Property Facts

Sale Type

Investment or Owner User

Property Type

Retail

Property Subtype

Bank

Building Size

352 SF

Building Class

Year Built

1978

Price

$745,610 CAD

Price Per SF

$2,118.21 CAD

Tenancy

Single

Building Height

1 Story

Building FAR

0.04

Lot Size

0.23 AC

Zoning

DMU - Downtown Mixed Use

Parking

5 Spaces (10 Spaces per 1,000 SF Leased)

Frontage

63’ on SE Main St

Pylon Sign

Signage

Finance and Insurance
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KeyBank began in 1825 through the chartering of the Commercial Bank of Albany and took its current form in 1994 after a merger between Society Corporation and KeyCorp. The company provides personal banking, small business banking, commercial banking, treasury and cash management, lending, and wealth management services across a broad U.S. banking network. KeyBank also serves institutional clients through capital markets, investment banking, and advisory capabilities, while Key Private Bank supports affluent and nonprofit clients with trust, portfolio management, and charitable giving services. The business remains part of a large financial services organization with long historical roots and a diversified mix of consumer, commercial, and institutional offerings.