5262 Lombard St Portland, OR 97203-4258

Property Details for 5262 Lombard St

Year built

1908

Lot size

0.33 lot acres

Property size

5,793 SF

Zone code

CS

Property type

Office Properties & Spaces

APN

1N1E07DA 07001

APU

1N1E07DA07001

Description

This exceptional investment opportunity presents a fully leased, two-tenant retail storefront in Portland, Oregon. The 5,091 square foot building, constructed in 1908 and renovated in 2019, sits on a 0.33-acre lot and boasts a prime location at 5262 N Lombard St, in the University Park neighborhood (zip code 97203). Anchored by T-Mobile and OnPoint Community Credit Union, the property benefits from strong, investment-grade tenants with several years remaining on their absolute NNN leases. The property features ample on-site parking (23+ spaces), excellent visibility along N Lombard Street (8,849+ vehicles per day), and convenient access to major highways (Hwy 405 and Hwy 30). Its location offers a desirable blend of urban convenience and suburban feel, close to St. John's Bridge, Fremont Bridge, and the University of Portland. The property is zoned CS and offers a land value of $204 per square foot. This is a rare opportunity to acquire a stable, high-performing retail asset in a thriving Portland neighborhood. The asking price is $2,550,000.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Longitude

-122.723

Latitude

45.5819

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments