8621 N Lombard St - Storefront Retail/Office FOR SALE


Portland, OR 97203- St Johns
$1,465,000 USD
206-459-1968
8621 N Lombard St, Portland, OR for Sale
$1,465,000 USD
Storefront Retail/Office - FOR SALE
1/8
null | 5.48% Cap Rate

8621 N Lombard St
Portland, OR 97203
St Johns


OVERVIEW

Arroyo Commercial Services is pleased to present an exclusive listing for The Hardware Building and a 2,806 SF parking lot serving the property. Situated in the heart of St. Johns, this high-visibility property presents an excellent opportunity to invest in a well-maintained, stable income-generating property located in one of Portland’s most vibrant retail corridors, less than 20 minutes from downtown. This cornerstone investment benefits from steady pedestrian traffic, easy access to transit, a growing retail and dining scene in a sought-after neighborhood with an established identity. The oldest building in St. Johns (1898), has been fully restored and features upgraded mechanical systems, a refreshed exterior, new storefronts, and energy-efficient windows. Demised into four beautifully finished commercial units, each is occupied by well-established, stable tenants under solid leases with varying terms. 2027-2028 lease expirations afford the opportunity to bring NNN rents to market rates. Please note cap rate reflects 2027 stabilized income. Property tours of interior spaces by appointment only; please call listing broker to arrange.

FOR SALE DETAILS

PRICE

$1,465,000 USD

PRICE/SF

$384 USD /SF

CAP RATE

5.48%

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

The Hardware Building

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1898

SPRINKLERS

-

PARKING SPACES

6

LAND DETAILS

LAND ACRES

0.09 AC

LAND SF

3,920 SF

ZONING

CM2/CSd

APN/PARCEL ID

R146586

ASK ABOUT THIS PROPERTY

Christopher HoldenArroyo Commercial ServicesMore Info
206-459-1968

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Christopher HoldenArroyo Commercial ServicesMore Info
206-459-1968

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.