6117 N Lombard St Portland, OR 97203
For Sale
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This exceptional retail property at 6117 N Lombard Street in Portland, Oregon, presents a unique investment opportunity. The freestanding building boasts 2,256 square feet situated on a sizable 10,000 square foot corner lot, offering excellent visibility and accessibility. Previously operating as a convenience store and restaurant, the property is currently vacant, providing a blank canvas for a variety of uses. The CM2 zoning designation unlocks significant redevelopment potential, allowing for a wide range of commercial ventures. The location is highly desirable, benefiting from its prominent position across from a New Seasons Market on North Lombard Street, ensuring high foot traffic and strong brand recognition. The corner lot also presents a valuable pylon signage opportunity for enhanced marketing and visibility. The asking price for this property is $699,000. This is a rare chance to acquire a well-located, versatile commercial space in a thriving Portland neighborhood with significant upside potential. The property's size and zoning make it suitable for a variety of retail concepts, restaurants, or even redevelopment projects. Don't miss this chance to secure a prime location in a dynamic market.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
CG · Portland, ORPortland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.