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    220 SW 1St Ave Portland, OR 97204

    New
    For Sale
    $1,900,000

    COMMERCIAL - Portland, OR

    Property size:
    5,000 SF
    Lot size:
    0.06 Acres
    Days on Market:
    5
    Last Refresh:
    Dec 5 at 10:06 pm

    Property Features for 220 SW 1St Ave

    General Information

    Property type
    Commercial Sale
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CXD
    APN
    R246008
    Size
    5,000 SF
    Lot size
    0.06 Acres

    Utilities

    Heating system
    Forced Air
    Cooling system
    Central Air

    Building Details

    Year built
    1889
    Floors in Building
    2

    LUXE Forbes Global Properties (503) 389-2112 [email protected], [email protected]

    Listing agent Vince Cortese (503) 389-2112

    Listing date Dec 1, 2025

    Copyright © 2025 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Historic Portland Building For Sale

    The Lombard Building offers a chance to own a renovated historic property in Portland's central area. Constructed in 1889, the building merges architectural character with modern features. Its location provides connectivity, with several MAX stations within a 5-minute walk, Union Station a 15-minute walk, and PDX airport a 21-minute drive. Situated in the Old Town/Chinatown area, it provides an amenity-rich environment for tenants and customers, including dining, shopping, and entertainment, as well as proximity to waterfront parks and the Pearl District. The property, totaling 5000 square feet, is in turnkey condition and generates tenant income. The lot size is 0.06 acres. The zoning is CXD.
    Property Profile Insight Report Location Intelligence

    Current Use by Public Records

    Serra Dispensary Cannabis Store Groundworks Industries (Services) Corporate Office

    Suggested Use

    Realty agency Restaurant Building Supply Dental Office Wholesale Shop Spa & Massage Auto Repair Shop Hair Salon Auto Parts Store Nail Salon

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.671712
    Latitude
    45.520806

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    FAQs

    What type of property is this?
    Office building - Renovated historic building in Portland's central core with modern functionality.
    Where is this office building located?
    The property is located at 220 SW 1St Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $1,900,000.
    What are key features of this property?
    This property features: - Meticulously renovated historic building (built in 1889) combining architectural character with modern functionality.; - Prime location in Portland's central core, Old Town/Chinatown district.; - Unmatched transit access: multiple MAX stations (5-minute walk), Union Station (15-minute walk), PDX airport (21-minute drive).
    (503) 389-2112
    Request Owner's contact information
    220 SW 1St Ave Portland, OR 97204
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    Portland, OR 97204
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    220 SW 1St Ave Portland, OR 97204
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