1260 Lloyd Ctr Portland, OR 97232

Located in the Lloyd Center Mall in Portland, Oregon, this former Sears store is a four-story retail building encompassing approximately 142,996 square feet and situated on 1.51 acres. The net rentable area is approximately 111,695 square feet. Originally constructed in 1959 and renovated in 1999, the property is currently vacant and awaits a new tenant or developer. The future owner of this lot plays a pivotal role as development plans for the Lloyd Center begin their approval process. The use agreement attached to this property provides ownership certain rights over what is ultimately built on the larger Lloyd Center mall property. The property comes with control of 275 outdoor parking spaces. The Lloyd District in Portland, Oregon, features a blend of commercial, recreational, and residential spaces. The district provides access to green spaces with Holladay Park and riverfront paths in Peace Memorial Park. Nearby are the Moda Center and the Oregon Convention Center. The neighborhood includes office buildings, hotels, and apartments. Accessible public transportation, including MAX light rail and buses, facilitates movement within the area and connects Lloyd District to the broader Portland community. The property has excellent access via I-84 and MAX Light Rail. Surrounding Lloyd Center is a multi-year $1B+ redevelopment into a mixed-use neighborhood.