Libby's Lounge 11056-11070 SE Main St 15,454 SF 100% Leased Retail Building Milwaukie, OR 97222 $3,471,250 CAD ($224.62 CAD/SF)

Libbie’s Bar and Restaurant & The Golden Nugget are currently available for acquisition, presenting a substantial investment opportunity with an asking price of $225,000 for the business and $2,275,000 for its property (two buildings and parking lot). This establishment generates consistent annual revenue and solid Seller’s Discretionary
Earnings (SDE) figures. Located on Main Street in downtown Milwaukie, Oregon, the adjacent businesses benefit from high visibility and significant foot traffic, attracting a clientele with its exceptional food, beverages, and welcoming atmosphere. Theoffering includes two buildings containing two bars and a fully equipped commercial kitchen located within Libbie’s restaurant. Additionally, nine lottery machines contribute over $131,000 to the annual revenue as of 2023. The property also features six apartments with long-term tenants, providing below-market rents.
Included in the sale are various assets such as businesses, furniture, fixtures, and equipment, along with a full basement under Libbie’s restaurant encompassing approximately 4,760 square feet. The basement is equipped with two large walk-in coolers, shop area, storage space, bakery room with ample dry storage, two commercial sinks, pizza oven, and a spacious office. Additionally, there is a banquet/meeting room located at the rear of the restaurant. Parking accommodations include 21 on-site spaces plus street parking, with potential for apartment redevelopment.
For further details, please contact Broker for Confidential Business Review document.