8641 Lombard StPortland, OR 97203

Property Details for 8641 Lombard St

Year built

1912

Lot size

0.10 AC

Property size (Sq ft)

5,393 SF

Zone code

CS

Property type

Retail space

APN

1N1W12BA 06900

APU

1N1W12BA06900

Description

This exceptional commercial property, originally a silent cinema, presents a unique opportunity in Portland's vibrant St. Johns neighborhood. Located at 8641 N Lombard St, 97203, this mixed-use building offers flexible space ideal for creative or executive offices, or retail use. The main level boasts 2,200 to 5,000 square feet of adaptable space, perfect for a variety of businesses. Benefit from the building's rich history and prime location within the historic downtown district, surrounded by thriving businesses including clothing boutiques, coffee shops, a cinema, and more. The property features multiple tenancies and offers additional basement space for storage, providing ample room for expansion or inventory. While there are no elevators, the main level's accessibility makes it a convenient and attractive option. This is a chance to establish your business in a thriving community with a unique and character-filled building. The total usable space on the main floor exceeds 5,000 square feet. This property is perfect for businesses seeking a blend of history, character, and modern functionality in a bustling Portland neighborhood.

• CAP approach

  CAP return

  Valuation

  6%

  $2,177,425

  6.5%

  $2,009,931

  7%

  $1,866,364

• Comparable approach

  Method

  Valuation

  Relative Method

  $2,617,232

  Geo Method

  $2,617,232

• Alternative Use

  Use

  Valuation

  Residential

  $1,695,452

  Hospitality

  $1,553,025

  Educational

  $1,292,098

  Medical

  $1,336,536

  Retail

  $2,009,931

Location Insight

City

Portland

County

Multnomah

State

Oregon

Latitude

45.5906

Longitude

-122.755

CBSA code

38900

CBSA name

PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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