5003 N Lombard St - Restaurant FOR SALE


Portland, OR 97203- Portsmouth
$1,595,000 USD
503-309-5106
5003 N Lombard St, Portland, OR for Sale
$1,595,000 USD
Restaurant - FOR SALE
1/17
null | 7.23% Cap Rate

5003 N Lombard St
Portland, OR 97203
Portsmouth


HIGHLIGHTS

  • Over 16,000 ADT
  • Off street parking
  • 7.32% cap
  • 20,000 residents within a 1 mile radius

OVERVIEW

7.23% 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.

FOR SALE DETAILS

PRICE

$1,595,000 USD

PRICE/SF

$469 USD /SF

CAP RATE

7.23%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Restaurant

ADD'L SUBTYPES

Bar, Freestanding, Food Processing

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.16 AC

LAND SF

7,013 SF

ZONING

CMU

APN/PARCEL ID

R292254

ASK ABOUT THIS PROPERTY

Denise BrohoskiCommercial Real Estate NWMore Info
503-309-5106

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Denise BrohoskiCommercial Real Estate NWMore Info
503-309-5106

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.