5003 Lombard St, Portland, OR 97203

3,400 SF | 100% Leased | Retail Building | Portland, OR 97203 | $1,625,000 ($478/SF) | 7.54% Cap Rate

Asking Price $1,625,000

Property Type: Retail, Restaurant
Square Feet: 3,400 SF
Price / Square Foot: $478

Listing Contacts

Denise Brohoski

Verified Profile

Property Info

Property Overview

7.54% Cap Rate - an amazing investment property available in a fantastic area. Built in 1950, the 3,440 SF building saw complete restoration in 2015, creating two beautiful, fully leased spaces. Suite A currently houses a restaurant with its lease expiring October of 2025, while Suite B is occupied by a commercial kitchen with their lease expiring 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.

Property Details

Class: C
Year Built/Renovated: 1950/2015
Stories: 1
Lot Size (sq. ft): 6,970 SF

Highlights

Over 16,000 ADT
Off street parking
7.54% cap
20,000 residents within a 1 mile radius

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