8416 Lombard StPortland, OR 97203

For Sale
$1,800,000

Portland, OR: 8,000 SF, Dual Buildings

Overview

Added:
Dec 11, 2024
Days on market:
93
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.

Highlights

  • Prime St. Johns location with high development potential.
  • Two buildings on N Lombard St, plus 10,000 SF of mixed-use land.
  • Diverse income streams possible: beer garden, food carts, bar, pickleball courts, daycare, retail, office, studio space.
  • Potential for owner-occupancy with rental income offsetting expenses.

Property Details for 8416 Lombard St

Property type
Day care centers & nurseries, Other retail properties
Square Feet
8,000 SF
Year Built/Renovated
1930/2015
Buildings
2
Stories
1

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.5895221
Longitude
-122.7534893
8416 Lombard St, Portland, Oregon

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8416 Lombard St
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