6516 Lombard StPortland, OR 97203

Property Details for 6516 Lombard St

Year built

1990

Lot size

0.11 AC

Property size (Sq ft)

520 SF

Zone code

CG

Property type

Commercial land

APN

1N1E07BD 03401

APU

1N1E07BD03401

Description

This exceptional 10,073 square foot commercial lot presents a unique investment opportunity in Portland, Oregon's desirable University Park neighborhood. Located at 6516 N Lombard St, zip code 97203, this vacant land boasts highly flexible CE zoning, permitting a variety of profitable uses. The zoning allows for commercial, including retail and office spaces, as well as residential development, catering to diverse investment strategies. Its prime location, just two blocks from a New Seasons Market, places it within a thriving and convenient area. The property's potential is further enhanced by current construction projects in the vicinity, indicating a robust and growing market. While the asking price is $649,000, the property offers significant potential for return on investment. The site's size and zoning flexibility make it ideal for a range of development projects, from small-scale retail to larger-scale mixed-use developments. Note that photos included in marketing materials depict suggested designs and are not indicative of existing structures. Information regarding design and construction financing is available upon request. This is a rare opportunity to acquire a versatile property in a rapidly developing area of Portland.

• Alternative Use

  Use

  Valuation

  Residential

  $163,478

  Hospitality

  $149,745

  Educational

  $124,586

  Medical

  $128,870

  Retail

  $193,800

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5856

Longitude

-122.734

CBSA code

38900

CBSA name

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

Property Tax & Assessments

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