7133 N Lombard St
Portland, OR 97203
St. Johns Office · Office Property For Sale

7133 North Lombard Street is a two story, wood framed 5,846 square foot office building on a 9,720 square lot in the up and coming St. Johns neighborhood of Portland, Oregon. The property has 12 striped parking spaces available rendering a parking ratio of 1.77/1,000 per square foot. Built in 1985 with wood siding and a flat, rolled on asphalt roof, the building is currently owned and operated by an office tenant that is considering consolidating some staff to another location, but may wish to retain office space for sales staff. This property is attractive to both a prospective owner/user or an investor who could easily divide it into four separate suites of approximately 1,400 square feet, with each individual suite able to support up to four separately leased micro-offices. Alternatively, this building could easily be converted into multifamily or mixed use, incorporating an existing firewall to allow for half of both stories to be converted to apartments while the other half remains office space. Zoned CM1, the lot is attractive to developers looking for opportunities to build up to three stories of multifamily, commercial or office space close to downtown St. Johns near a food cart pod and other retail amenities with a Walk Score of 87. The Transit Score is 46 as St. Johns has consistent, if somewhat limited bus service and this building has stops heading both directions along North Lombard Street mere steps away. A prospective owner/user can occupy the majority of the building immediately. The seller would be interested in a leaseback of approximately 1400 SF for their sales staff, but will completely vacate if buyer desires occupying all available spaces.