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Investment Highlights

  • Commercial kitchen or 2nd gen restaurant available for owner user
  • 20,000 residents within a 1 mile radius
  • Off street parking
  • Over 16,000 ADT

Executive Summary

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 1,740 SF second-generation restaurant available now and Suite B, a commercial kitchen available May 2026. 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.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Restaurant
Building Size
3,400 SF
Building Class
C
Year Built/Renovated
1950/2015
Price
$1,523,764 CAD
Price Per SF
$448.17 CAD
Tenancy
Multiple
Building Height
1 Story
Building FAR
0.49
Lot Size
0.16 AC
Zoning
CMU - Commercial mixed use
Frontage
94’ on Lombard St

Amenities

  • Bus Line
  • Corner Lot
  • Restaurant

Space Availability

  • Space
  • Size
  • Space Use
  • Position
  • Available
  • A
  • 1,700 SF
  • Restaurant
  • End Cap
  • Now

2nd generation restaurant/cafe in prime N Lombard location available now. The building was renovated in 2015 and features outdoor seating, large windows, full commercial kitchen with hood & walk-ins, common area restrooms, and shared 270 gallon grease trap and restrooms with separate catering/commercial kitchen also in the building.

  • B
  • 1,700 SF
  • Retail
  • -
  • Apr 2026

1,700 SF commercial/catering kitchen available April 2026. The building was renovated in 2015 and features glass rollup door, off-street parking, office/storage, hood. Shared grease trap and restrooms with Suite A restaurant.

Space Size Space Use Position Available
A 1,700 SF Restaurant End Cap Now
B 1,700 SF Retail - Apr 2026

A

Size
1,700 SF
Space Use
Restaurant
Position
End Cap
Available
Now

B

Size
1,700 SF
Space Use
Retail
Position
-
Available
Apr 2026

A

Size 1,700 SF
Space Use Restaurant
Position End Cap
Available Now

2nd generation restaurant/cafe in prime N Lombard location available now. The building was renovated in 2015 and features outdoor seating, large windows, full commercial kitchen with hood & walk-ins, common area restrooms, and shared 270 gallon grease trap and restrooms with separate catering/commercial kitchen also in the building.

B

Size 1,700 SF
Space Use Retail
Position -
Available Apr 2026

1,700 SF commercial/catering kitchen available April 2026. The building was renovated in 2015 and features glass rollup door, off-street parking, office/storage, hood. Shared grease trap and restrooms with Suite A restaurant.

Fairly walkable
50/100
Moderately drivable
60/100
Some public transit
40/100
Moderately bikeable
70/100

Nearby Major Retailers

Starbucks
Chase Bank
New Seasons Market
Fred Meyer Fuel Center
KeyBank
Columbia Bank
CrossFit

Property Taxes

Property Taxes

Parcel Number
R292254
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$582,660 CAD
  • Listing ID: 31547079

  • Date on Market: 2024-04-18

  • Last Updated:

  • Address: 5003 N Lombard St, Portland, OR 97203

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