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Property profile & analytics
FOR SALE
Retail space

6117 N Lombard St Portland, OR 97203

2,256 SF 0.23 ac lot Built 1973
Entity Owned Free & Clear
Property ID
US71-1846297
Property summary
AI-generated overview

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.

Property profile
Verified
Property type Retail space
Use group RETAIL STORES (PERSONAL SERVICES)
Year built 1973
Total area 2,256 SF
Lot 0.23 ac (10,000 SF)
Zoning code CG
APN 1N1E07AC 13400
UPID US71-1846297
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$794k
Blend (final) Blend
$795k
Owner & transaction history
Deacon Development LLC
Deacon Development LLC
since 2026
2 recorded transactions
2026
$575,000
2003
$318,150
Zoning & alternative use
CG · Portland, OR
Permitted uses
Permitted uses
Allowed · conditional · prohibited
Top alternative use upside
Auto repair, garage $690,000 +22.0%
Medical building $680,000 +20.7%
Office building $650,000 +15.5%
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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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