Property profile

2824 N Lombard St Portland, OR 97217

FOR SALE
Restaurant
Property ID
US71-0917956
3,458 SF 0.12 ac lot Built 1954
Saved · see the list in your Dashboard
2824 N Lombard St, Portland, OR 97217 For Sale
$950,000 3,458 SF
2824 N Lombard St, Portland, OR 97217
View Listing →

Property summary

AI-generated overview

This commercial property in Portland, Oregon is used as a bar/restaurant and video poker establishment and includes a full, functional kitchen. The building has an apartment located at the rear and was upgraded with a roof replacement and exterior paint work completed in April 2024. The property comprises approximately 3,458 square feet of building area on a 0.12-acre lot, and it is zoned CR. The tenancy arrangement is structured such that the tenant is responsible for NNN fees and utilities. The site is positioned for strong street visibility.

Property profile

Verified
Property type Restaurant
Year built 1954
Total area 3,458 SF
Lot 0.12 ac (5,053 SF)
APN 1N1E16BA 00900
UPID US71-0917956

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • Bar & Pub Restaurant

Location

2824 N Lombard St Portland, OR 97217
Portland metro
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
by Request

Owner & transaction history

since 1995
Last sale
$11,700
1 recorded transaction
1995
$11,700
Try Rey
Ask anything about this address in plain English.
“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
Thanks! Your message was sent.
Error! Your message wasn't sent.
Please enter your name
Please enter email
Please enter the email in the correct format
Please enter phone
Please enter the number in the correct format
Please enter message