5003 N Lombard St

5003 N Lombard St, Portland, OR

$1,625,000

Price

3,440 sqft

Building Size

0.1607 acres

Lot Area

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Street
Map
Overview
Building Size
3,440 sqft
Lot Area
0.1607 acres
Occupancy
100%
Class
C
Units
2
Year Built
1950
Floors
1
Description

Amazing investment property available in a fantastic area. Built in 1950, the 3,440 SF building saw complete restoration in 2015, creating two beautiful lease spaces. Suite A currently houses a restaurant with its lease expiring October 2025, while Suite B is occupied by a commercial kitchen with their lease expiring in April 2026. Both share a 100 gallon grease trap, and two restrooms located in a common area. Just a few of the amenities include a roll up glass door, outdoor seating, and large windows.

Located in the University Park neighborhood of North Portland, the subject property is in close proximity to University of Portland, and surrounded by 20,000 residences within a 1 mile radius. Over 16,000 cars travel by the highly visible corner of North Lombard and North Haven daily. Additionally, this area has an excellent walking and biking score.

Highlights
  • Located in University Park neighborhood
  • 20,000 residents within a 1 mile radius
  • Traffic counts in excess of 16,000 along N Lombard
  • 7.54% cap solid investment property
  • Off street parking
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Location
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