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    2824 N Lombard St Portland, OR 97217

    Picture of Bars at N Lombard St 2824, Portland, OR
    For Sale
    $950,000

    COMMERCIAL - Portland, OR

    Property size:
    3,458 SF
    Lot size:
    0.12 Acres
    Days on Market:
    90
    Last Refresh:
    Dec 14 at 11:06 am

    Property Features for 2824 N Lombard St

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CR
    APN
    R124793
    Size
    3,458 SF
    Lot size
    0.12 Acres

    Building Details

    Year built
    1954

    Oregon First (503) 646-5006 [email protected]

    Listing agent Soo Paik (503) 667-5686

    Listing date Sep 16, 2025

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Portland Commercial Property For Sale

    This commercial property in Portland, Oregon, offers an easy income opportunity with a monthly net income of $5,000. The tenants cover all NNN fees and utilities. A new roof and exterior paint job were completed in April 2024. The property includes an apartment in the back, suitable for a manager. Currently, the tenant operates a bar, video poker, and restaurant with a full, efficient kitchen. The location is highly visible, and the business is a well-known local establishment. The tenant consistently pays rent on time. The property, zoned CR, has a size of 3,458 square feet and is situated on a 0.12-acre lot.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Sweet Home Bar ... Bar & Grill

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Mock Crest Tavern, Mousetrap Tavern, Canary, Psychic Reader, Sweet Home Bar & Grill

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.696063
    Latitude
    45.576905

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    FAQs

    What type of property is this?
    Bar - Profitable commercial property with established tenants in Portland, Oregon.
    Where is this bar located?
    The property is located at 2824 N Lombard St Portland, OR.
    What is the asking price?
    The asking price for this property is $950,000.
    What are key features of this property?
    This property features: - High Monthly Net Income: $5,000/month.; - NNN Lease: Tenants pay all NNN fees and all utilities.; - Established Business: Current tenant operates a bar, video poker, and restaurant with a full kitchen.
    (503) 667-5686
    Request Owner's contact information
    2824 N Lombard St Portland, OR 97217
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    Portland, OR 97217
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    2824 N Lombard St Portland, OR 97217
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