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The Hardware Building 8621 N Lombard St 3,815 SF 100% Leased Retail Building Portland, OR 97203 $1,195,000 ($313.24/SF) 6.72% Cap Rate
Executive Summary
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. 100% occupied and demised into four beautifully finished commercial units, each occupied by well-established, credit-worthy tenants, providing long-term stable income. Please note that two leases are projected to renew in 2027 and as such, 2028 NOI reflects asking price.
Property tours of interior spaces by appointment only; please call listing broker to arrange.
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. 100% occupied and demised into four beautifully finished commercial units, each occupied by well-established, credit-worthy tenants, providing long-term stable income. Please note that two leases are projected to renew in 2027 and as such, 2028 NOI reflects asking price.
Property tours of interior spaces by appointment only; please call listing broker to arrange.
Property Facts
Sale Type
Investment NNN
Property Type
Retail
Property Subtype
Storefront Retail/Office
Building Size
3,815 SF
Building Class
B
Year Built
1898
Price
$1,195,000
Price Per SF
$313.24
Cap Rate
6.72%
NOI
$80,275
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Building FAR
0.97
Lot Size
0.09 AC
Zoning
CM2/CSd - The CM2 zone is a commercial mixed-use zone for medium-scale development in areas well-served by transit or within mixed-use centers and corridors.
Parking
6 Spaces (1.57 Spaces per 1,000 SF Leased)
Frontage
100’ on Lombard St
Amenities
- Corner Lot
- Restaurant
- Signage
- Tenant Controlled HVAC
- Smoke Detector
Walk Score®
Walker's Paradise (94)
Bike Score®
Biker's Paradise (94)
Nearby Major Retailers
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $24,500 | Total Assessment | $274,180 |
Property Taxes
Parcel Numbers
Land Assessment
$24,500
Improvements Assessment
$0
Total Assessment
$274,180
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Presented by
Arroyo Commercial Services
The Hardware Building | 8621 N Lombard St
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