220 SW 1ST AVE Portland, OR $ 1,900,000
220 SW 1ST AVE
$ 1,900,000
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220 SW 1ST AVE

Portland, OR, 97204
$ 1,900,000
Bedrooms-- Baths-- Sq 5,000

Monthly Estimate*

$ 11,854

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Commercial Property for sale in Portland, OR

for $1,900,000. This 5,000 square foot building was built in 1889 on a lot size of 0.06.

The Lombard Building presents a rare opportunity to acquire a meticulously renovated historic property in Portland's central core. Originally built in 1889, the building combines architectural character with modern functionality. The building's location delivers convenient connectivity with multiple MAX stations within a 5-minute walk, Union Station a 15-minute walk, and PDX airport a 21-minute drive. The surrounding Old Town/Chinatown district offers tenants and customers an amenity-rich environment with dining, shopping, and entertainment options, plus close proximity to waterfront parks and the Pearl District. With turnkey condition, tenant income, and unmatched transit access in one of Portland's most dynamic neighborhoods, this represents a compelling core investment opportunity. Seller has an active real estate license in OR.

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Commercial Active

Price

$ 1,900,000

Property Type

Commercial

Taxes

$ 19,079

Style

Commercial

Lot Size

0.06

Year Built

1889

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

691061809

Features
General
Sewer PublicSewer
Heating ForcedAir
Cooling CentralAir
Zoning CXD
Year Built 1889
Sale Includes Building
Stories Count 2
Property Subtype Commercial
Tax Year 2025
Current Use Office Other Retail
Parcel Number R246008
Gross Income 0
County Multnomah
Operating Expense 0
Property Type CommercialSale
HOA N
Status Active
Directions SW 1st Ave between SW Oak St and SW Pine St
City Portland
MLS Area _141
Lot Size Square Feet 2613.0
Listing Terms Cash Conventional
Tax Annual Amount 19079.74
Property Condition UpdatedRemodeled
Standard Status Active
Accessory Dwelling Unit Y/N N
Legal Description PORTLAND BLOCK 26 W 50' OF LOT 6 S 0.5' OF W 1/2 OF LOT 7
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Exterior
Parking Features OnStreet
Water Source PublicWater
Number of Buildings 1
Building Area Total 5000.0
Lot Size Acres 0.06
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Internal Only
Street Number 1 220
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* Excluded Features
List By
Luxe Forbes Global Properties

Broker

vince@luxeoregon.com

Email

Affordability Calculator

$13,443
Per Month
88%
12%
0%
Monthly Principal & Interest
$11,854
Monthly Property Taxes
$1,590
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 6.375% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
12/1/2025$1,900,000 Listed Price

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220 SW 1ST AVE, Portland, OR, 97204 is a Commercial Property for sale at $1,900,000 with 5,000 sqft and a lot size of 0.06. 220 SW 1ST AVE was built in 1889. The property's zip code is 97204 which is in Portland, OR