For Sale
$1,595,000

5003 Lombard St Portland, OR 97203

High-Cap Rate, Fully Leased, Two Tenants

Property records and analytics

Overview

Added:
Dec 11, 2024
Days on market:
131
This exceptional Portland investment property, located at 5003 N Lombard St, offers a compelling opportunity. The 3,440 square foot building, completely renovated in 2015, boasts a 7.68% cap rate and a strong NOI of $122,525. Currently 100% occupied by two tenants – a restaurant and a commercial kitchen – the property features a multi-tenant lease structure with lease expirations in April 2026 (kitchen) and October 2025 (restaurant). The shared amenities include a 100-gallon grease trap and two restrooms. Built in 1950 on a 7,000 square foot lot, the single-story building offers attractive features such as a roll-up glass door, outdoor seating, and large windows. The asking price is $1,595,000, translating to $463.66 per square foot. This prime location in Multnomah County, Oregon, presents a rare chance to acquire a stable, high-performing commercial property with significant upside potential. The remaining lease term for the current tenants is approximately 1.4 years.

Highlights

  • $1,595,000 asking price for a 3,440 SF multi-tenant retail property in Portland, OR.
  • 7.68% cap rate with a $122,525 NOI.
  • 100% occupancy with two tenants: a restaurant and a commercial kitchen.
  • NNN lease structure with lease expirations in April 2026 and October 2025.
  • Located at 5003 N Lombard St, Portland, OR 97203, on a 7,000 SF lot.
  • Completely renovated in 2015, originally built in 1950.

Property Details for 5003 Lombard St

Property type
Retail properties, Restaurants
Square Feet
3,440 SF
Year Built/Renovated
1950/2015
Stories
1

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.581013465853
Longitude
-122.71980833158
5003 Lombard St, Portland, Oregon

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FAQs

What type of property is this?
Retail property - High-Cap Rate, Fully Leased, Two Tenants
Where is the retail property located?
The property is located at 5003 Lombard St Portland, OR.
What is the asking price?
The asking price for this property is $1,595,000.
What are key features of this property?
This property features: $1,595,000 asking price for a 3,440 SF multi-tenant retail property in Portland, OR.; 7.68% cap rate with a $122,525 NOI.; 100% occupancy with two tenants: a restaurant and a commercial kitchen.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
How do I access a private listing?
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Contacts

Denise Brohoski
Denise Brohoski
Visit Broker Website

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Lombard St
Portland, OR 97203

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Portland, OR 97203

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Disclaimer

The property value estimates provided on this website are automated calculations based on publicly available data, user-submitted information, and proprietary algorithms. These estimates are not appraisals and should not be used as a substitute for a professional valuation by a licensed appraiser.

We do not guarantee the accuracy, reliability, or completeness of these estimates, as market conditions, property features, and other factors may affect actual property values. Users should conduct their own due diligence and consult with a real estate professional before making financial or investment decisions.

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5003 Lombard St
  • Denise Brohoski
    Denise Brohoski
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