1622 Lombard St Portland, OR 97217

Property Details for 1622 Lombard St

Year built

1958

Lot size

0.45 lot acres

Property size

11,429 SF

Zone code

CG

Property type

Retail space

APN

1N1E16AA 01400

APU

1N1E16AA01400

Description

This exceptional Class A, freestanding retail property in Multnomah County's North Portland submarket offers 11,429 square feet of single-tenant occupancy. Currently leased to Aaron's Rents, this building presents a unique sublease opportunity. The existing lease agreement has a considerable term remaining, extending until October 2032, providing long-term stability for the investor. The property's classification as a freestanding building offers excellent visibility and accessibility, making it an ideal location for a variety of retail businesses. Its location within the vibrant North Portland submarket ensures high foot traffic and exposure to a diverse customer base. Interested parties are encouraged to schedule a property tour to fully appreciate the potential of this exceptional retail space. Please note that direct contact with the current tenant is discouraged; property tours will be arranged through the appropriate channels. This is a rare opportunity to acquire a well-located, high-quality retail asset with a substantial remaining lease term. The property's size and location make it suitable for a wide range of retail uses, offering significant potential for return on investment. All inquiries should be directed through official channels to ensure a smooth and efficient process.

Location Insight

City

Portland

County

Multnomah

State

Oregon

Longitude

-122.684

Latitude

45.5769

CBSA code

38900

CBSA name

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

Property Tax & Assessments