The Hardware Building 8621 N Lombard St 3,815 SF 80% Leased Retail Building Portland, OR 97203 $2,045,023 CAD ($536.05 CAD/SF) 5.48% Cap Rate

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.