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Executive Summary

The Lombard Building presents a rare opportunity to acquire a meticulously renovated historic property in Portland's central core. Originally built in 1889, the building combines architectural character with modern functionality. The building's location delivers convenient connectivity with multiple MAX stations within a 5-minute walk, Union Station a 15-minute walk, and PDX airport a 21-minute drive. The surrounding Old Town/Chinatown district offers tenants and customers an amenity-rich environment with dining, shopping, and entertainment options, plus close proximity to waterfront parks and the Pearl District. With turnkey condition, tenant income, and unmatched transit access in one of Portland's most dynamic neighborhoods, this represents a compelling core investment opportunity. Seller has an active real estate license in OR.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
5,000 SF
Building Class
C
Year Built
1889
Price
$2,598,630 CAD
Price Per SF
$519.73 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
1.85
Lot Size
0.06 AC
Opportunity Zone
Yes
Zoning
CX - The CX zone is a high density commercial zone intended for development within Portland's most urban and intense areas.
Frontage
51’ on SW 1st st
Exceptionally walkable
100/100
Moderately drivable
60/100
Exceptional public transit
90/100
Exceptionally bikeable
90/100

Nearby Major Retailers

Silicon Valley Bank
WaFd Bank
Wells Fargo
U.S. Bank
Buffalo Wild Wings
Perfect Pizza
Starbucks
Safeway
Banner Bank
Morton's

Property Taxes

Property Taxes

Parcel Number
R246008
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$969,371 CAD
  • Listing ID: 38795327

  • Date on Market: 2025-12-16

  • Last Updated:

  • Address: 220-228 SW 1st Ave, Portland, OR 97204

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