Profitable Restaurant and Bar
2824 N LOMBARD Portland, OR 97217
2824 N LOMBARD, Portland, OR, 97217
$950,000
For Sale
$950,000
Income-generating property with restaurant, bar, and apartment.
Property Size3,458 SF
Lot Size0.12 Acres
Price / SF$274.73
Days on Market307
Property Features for 2824 N LOMBARD
General Information
- Standard status
- Active
- Size
- 3,458 SF
- Lot size
- 0.12 Acres
- Property subtype
- Commercial
Building Details
- Year Built
- 1954
Listing Agency
OREGON FIRST
(503) 667-5686
Listed by
SOO PAIK
Source
Corcoran
Added: Sep 18, 2025 Updated: Jul 6 at 10:02 am Checked: Jul 19 at 4:02 am
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of OREGON FIRST
Investment Insights
Based on property information with market context.
This property offers an easy income opportunity, currently netting $5,000 per month. The tenants are responsible for all NNN fees and utilities. Recent improvements include a new roof and exterior paint job completed in April 2024. The property features an apartment in the back, suitable for a manager. The current tenant operates a bar, video poker, and restaurant with a full, efficient kitchen. The business benefits from a highly visible location and is a well-known local establishment. The tenant consistently pays rent on time. The property size is 3,458 square feet.
Key Highlights
- High Monthly Net Income: $5,000/month.
- Triple Net Lease (NNN): Tenants pay all fees and utilities.
- Established Business: Current tenant operates a bar, video poker, and restaurant.
Local Financial Insights For Specialty Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $66.4k | $19.20 |
| − Vacancy | −$4.3k | −$1.25 |
| EGI | $62.1k | $17.95 |
| − OpEx | −$15.5k | −$4.49 |
| NOI | $46.6k | $13.46 |
3,458 SF · lease $19.20/SF/yr · vacancy 6.50% · expense 25.00%
Alternative Uses
Best Use
Specialty Retail
$665.1K
$582.0K – $776.0K
NOI $46,559 @ 7.0% cap · market cap 4.90%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$971.1K
$849.7K – $1.13M
NOI $67,976 @ 7.0% cap · market cap 7.16%
Zoning and permitted uses should be independently verified with local authorities.
Property Analytics
Property Profile
Location Intelligence
Current Use by Public Records
Sweet Home Bar ...
Bar & Pub
Similar For Sale Nearby
Similar Off Market Nearby
- Mock Crest Tavern — 3435 N Lombard St, Portland, OR 97217
- Mousetrap Tavern — 2305 N Lombard St, Portland, OR 97217
- Canary — 3416 N Lombard St, Portland, OR 97217
- Psychic Reader — 3208 N Lombard St, Portland, OR 97217
- Sweet Home Bar & Grill — 2824 N Lombard St, Portland, OR 97217
FAQs
What type of property is this?
Bar & Pub - Income-generating property with restaurant, bar, and apartment.
Where is this bar & pub located?
The property is located at 2824 N LOMBARD 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.; Triple Net Lease (NNN): Tenants pay all fees and utilities.; Established Business: Current tenant operates a bar, video poker, and restaurant.
