8641 Lombard St, Portland, OR 97203-3730
- Retail space
- 5,393 SF
- 0.10 lot acres
Current Use by Public Records
- La Paloma / (Bike/Boat/Book/etc) Store
Property Details for 8641 Lombard St
- Year built
- 1912
- Lot size
- 0.10 lot acres
- Zone code
- CS
- Property type
- Retail space
- APN
- 1N1W12BA 06900
- APU
- 1N1W12BA06900
Sales History
| Date | Price | Buyer | Seller | Deed Type | Mortgage |
|---|---|---|---|---|---|
| May 15, 2025 | $1,310,000 | Lombard 8641 LLC | Simer Kurczewski LLC | Warranty Deed | $1.3M · Craft3 |
| Jun 24, 2022 | $1,250,000 | Simer Kurczewski LLC | Jing Chen | Warranty Deed | $1.1M · Enterprise Bank & Trust |
| Mar 27, 2015 | $835,000 | Jing Chen | Light Through Water LLC | Warranty Deed | $712k · Wells Fargo Bank NA |
| Jun 11, 2007 | $825,000 | Light Through Water LLC | Hazelton LLC | Warranty Deed | $506k · West Coast Bank |
| Jan 30, 2004 | $280,000 | Hazleton LLC | Lombard Street Investors LLC | Grant Deed | $228k · Pinnacle Bank |
| Nov 14, 2001 | — | Lombard Street Investors LLC | Foster,michael | Quit Claim Deed · related | $250k · Albina Community Bank |
| Nov 14, 2001 | $186,730 | Michael Foster | Dicarlo,raymond | Grant Deed | — |
| May 15, 1991 | $57,000 | Raymond Dicarlo | Gittings,gary G | Grant Deed | $25k · Goodwill Ind Co |
| — | — | Light Through Water LLC | — | Deed Of Trust · related | $56k · Patten Katharine T M Tr (pt) |
| — | — | Hazelton LLC | — | Deed Of Trust · related | $40k · Portland Development Commissio |
| — | — | Hazelton LLC | — | Deed Of Trust · related | $386k · Pinnacle Bank |
| — | — | Hazelton LLC | — | Deed Of Trust · related | $442k · Pinnacle Bank Or |
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.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $1,140,000
-
CAP approach
- CAP Return
- Estimation
- 6%
- $1,050,000
- 6.5%
- $965,000
- 7%
- $900,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $1,626,000
- AI Estimate
- $1,626,000
Market price range: $830k - $1.90MMarket price range: $830k - $1.90M -
Alternative Use
- Use
- Estimation
- RETAIL STORES
- $1,350,000 Current use
- RESTAURANT
- $1,845,000 Change: +37% Conversion: Easy
- AUTO REPAIR, GARAGE
- $1,645,000 Change: +22% Conversion: Difficult
- MEDICAL BUILDING
- $1,630,000 Change: +21% Conversion: Difficult
- OFFICE BUILDING
- $1,560,000 Change: +15% Conversion: Easy
- COMMERCIAL (GENERAL)
- $1,555,000 Change: +15% Conversion: Easy
- APARTMENT HOUSE (5+ UNITS)
- $1,435,000 Change: +6% Conversion: Difficult
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Location Insight
- Map
- Local Demand
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.755
- Latitude
- 45.5906
- CBSA code
- 38900
- CBSA name
- PORTLAND-VANCOUVER-BEAVERTON, OR-WA METROPOLITAN STATISTICAL AREA
