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    8416 Lombard St Portland, OR 97203

    Sponsored
    For Sale
    $1,800,000

    Portland, OR: 8,000 SF, Dual Buildings

    Property size:
    8,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional Portland investment opportunity presents 8,000 square feet of commercial space across two buildings situated on a sizable 18,000 square foot lot. Located on N Lombard Street in the St. John's neighborhood, the property boasts a prime location with diverse zoning (CM2) allowing for a multitude of uses. Originally constructed in 1930 and extensively renovated in 2015, the buildings offer a blend of character and modern functionality. The property's versatility is highlighted by its suitability for a range of businesses, including daycare, restaurant, retail, office space, or a combination thereof. The substantial lot size also presents the potential for additional development, such as an outdoor beer garden or food cart pod. With two buildings, the property is ideal for owner-users seeking to occupy one space while generating income from the other, effectively offsetting debt service. The asking price is $1,800,000, translating to $225 per square foot. Parcel numbers are R232269, R232270, R232265, and R232266. This is a rare chance to acquire a flexible, high-potential commercial property in a thriving Portland neighborhood. The property's adaptability and location make it an attractive investment for both seasoned and emerging entrepreneurs.

    Property Features for 8416 Lombard St

    General Information

    Property type
    Day care centers
    Square Feet
    8,000 SF

    Building Details

    Year Built/Renovated
    1930/2015
    Buildings
    2
    Stories
    1

    HighLights

    • Prime St. Johns location with high development potential.
    • Two buildings on N Lombard St, plus 10,000 SF of mixed‑use land.
    • Diverse income streams possible: beer garden, food carts, bar, pickleball courts, daycare, retail, office, studio space.
    • Potential for owner‑occupancy with rental income offsetting expenses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Day care centers

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Building Supply Clothing Store Auto Repair Shop

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

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.7534893
    Latitude
    45.5895221

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    FAQs

    What type of property is this?
    Day care center - Portland, OR: 8,000 SF, Dual Buildings
    Where is this day care center located?
    The property is located at 8416 Lombard St Portland, OR.
    What is the asking price?
    The asking price for this property is $1,800,000.
    What are key features of this property?
    This property features: Prime St. Johns location with high development potential.; Two buildings on N Lombard St, plus 10,000 SF of mixed-use land.; Diverse income streams possible: beer garden, food carts, bar, pickleball courts, daycare, retail, office, studio space.
    Request Owner's contact information
    8416 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
    8416 Lombard St Portland, OR 97203
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