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    5003 N Lombard St Portland, OR 97203

    For Sale
    $1,475,000

    Restored restaurant and commercial kitchen in North Portland.

    Property size:
    3,440 SF

    Property Features for 5003 N Lombard St

    General Information

    Size
    3,440 SF

    Building Details

    Year built
    1950

    Source: Denise Brohoski Agent Denise Brohoski

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Turnkey Restaurant in University Park

    This property, constructed in 1950 and fully restored in 2015, is located in the University Park neighborhood of North Portland. The 3,440 square foot building is divided into two suites. Suite A, comprising 1,740 square feet, is a second-generation restaurant space suitable for an owner-user. Suite B is currently occupied by a commercial kitchen, with their lease expiring in April 2026. The property includes a 270-gallon grease trap and two restrooms located in a common area. Additional features include a roll-up glass door, outdoor seating, and large windows. The location benefits from high visibility on the corner of North Lombard and North Haven, with traffic counts exceeding 16,000 vehicles daily. The surrounding area has a high density of 20,000 residences within a one-mile radius and is near the University of Portland. Off-street parking is available, and the area is conducive to walking and biking.
    Insight Report Location Intelligence

    Current Use by Public Records

    Sassy Souk's Pho ... Restaurant Albina City Nuts Manufacturer Mcdowell Brothers Plumbers ... Plumber

    Suggested Use

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

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

    Similar Places Nearby

    Exuberance Catering

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.7200272
    Latitude
    45.5812228

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    FAQs

    What type of property is this?
    Restaurant - Restored restaurant and commercial kitchen in North Portland.
    Where is this restaurant located?
    The property is located at 5003 N Lombard St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,475,000.
    What are key features of this property?
    This property features: - Prime location in North Portland's University Park, surrounded by 20,000 residences within a 1-mile radius.; - 1,740 SF second-generation restaurant space (Suite A) available for owner-user.; - High visibility corner location with over 16,000 cars passing daily.
    (503) 309-5106
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    5003 N Lombard St Portland, OR 97203
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    Portland, OR 97203
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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
    5003 N Lombard St Portland, OR 97203
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