8416 Lombard St Portland, OR 97203
- Retail space
- 3,000 SF
- 0.06 lot acres
Current Use by Public Records
- Retail space
Property Details for 8416 Lombard St
- Year built
- 1924
- Lot size
- 0.06 lot acres
- Property size
- 3,000 SF
- Zone code
- CS
- Property type
- Retail space
- APN
- 1N1W12AB 08600
- APU
- 1N1W12AB08600
Description
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.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.753
- Latitude
- 45.5895
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
