5003 N Lombard St, Portland , OR for sale

Investment Overview

Originally built in 1950 and comprehensively restored in 2015, this 3,440 SF building presents a distinctive owner-user opportunity in North Portland. The property comprises two well-appointed suites: Suite A, a leased 1,700 SF second-generation restaurant and Suite B, a commercial kitchen available now. Shared infrastructure includes a 270-gallon grease trap and common-area restrooms. The building features a roll-up glass door, outdoor seating, and expansive windows that bring natural light throughout. Well-suited for an operator seeking both a flagship location and a complementary income stream.

Investment Highlights

• Suite A: 1,700 SF restaurant leased through 8/30/2031
• Suite B: 1,740 SF commercial kitchen available for lease
• Pro forma cap rate: 8%
• Located in University Park neighborhood
• 20,000 residents within a 1 mile radius
• Traffic counts in excess of 16,000 along N Lombard
• Off-street parking