8950 Lombard StPortland, OR 97203

Property Details for 8950 Lombard St

Year built

1975

Lot size

0.33 AC

Property size (Sq ft)

6,222 SF

Zone code

CS

Property type

Retail properties

Property subtype

Retail space

APN

1N1W01CD 10700

APU

1N1W01CD10700

Description

This freestanding retail building presents a compelling investment opportunity in Portland's desirable St. Johns neighborhood. Located at 8950 N Lombard St, this 6,393 square foot property sits on a 0.33-acre lot and offers exceptional visibility with frontage on Lombard Street. Built in 1975, the building is zoned CM2 (Commercial Mixed Use 2), allowing for diverse commercial uses. Ample off-street parking is available, along with prominent monument and on-building signage opportunities. The property's strategic location provides easy access to Highway 30 and Interstate 5, ensuring convenient access to downtown Portland and surrounding areas. This vacant storefront is priced at $1,625,000, translating to $254.18 per square foot. A special lease incentive of $12 per square foot is available for the first year of a lease with a term of three years or longer. This property is ideal for businesses seeking a high-profile location in a thriving community. All information is deemed reliable but not guaranteed.

• CAP approach

  CAP return

  Valuation

  6%

  $2,512,134

  6.5%

  $2,318,893

  7%

  $2,153,258

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,019,546

  Geo Method

  $3,019,546

• Alternative Use

  Use

  Valuation

  Residential

  $1,956,073

  Hospitality

  $1,791,752

  Educational

  $1,490,717

  Medical

  $1,541,985

  Retail

  $2,318,893

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.592

Longitude

-122.757

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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