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220 SW 1st Ave, Portland, OR 97204

$1,900,000

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Property Description

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.

220 SW 1st Ave | MLS# 691061809

This commercial property located at 220 SW 1st Ave, Portland, OR 97204 is currently listed for sale with an asking price of $1,900,000. Search Portland real estate on cameronvaldez.bendpremierrealestate.com today.

Property Features

Property Type: Commercial - Business
Cooling: Central Air
Fuel Type: Electricity
Heating: Forced Air
Lot Size: 0.06 Acres
Stories: 2.0
Taxes: $19,080
Year Built: 1889
Square Feet: 5,000

Feature Descriptions

Days on Site: 228
Parking Notes: OnStreet
Present Use: Office, Other, Retail
Sewer: Public Sewer
Water: Public Water

Listed By / Shown By

Listed By

Agency Name: LUXE Forbes Global Properties
Agency Phone: 503-389-2112

Shown By

Agent Name: Cameron Valdez Broker
Agent Phone: (267) 622-1419
Agency Title: Bend Premier Real Estate

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Disclaimer: All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumers personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information on this site was last updated 07/19/2026. The listing information on this page last changed on 07/19/2026. The data relating to real estate for sale on this website comes in part from the Internet Data Exchange program of Delta Media Group MLS (last updated Sun 07/19/2026 12:12:17 AM EST) or RMLS (last updated Sat 07/18/2026 2:43:30 AM EST) or COAR/MLSCO (last updated Sun 07/19/2026 12:11:26 AM EST). Real estate listings held by brokerage firms other than Bend Premier Real Estate may be marked with the Internet Data Exchange logo and detailed information about those properties will include the name of the listing broker(s) when required by the MLS. All rights reserved.

The content relating to real estate for sale on this web site comes in part from the IDX program of the RMLS of Portland, Oregon. Real estate listings held by other brokerage firms are marked with the RMLS logo, and detailed information about these properties includes the names of the listing brokers. Listing content is copyright © 2026 RMLS, Portland, Oregon. Some properties which appear for sale on this web site may subsequently have sold or may no longer be available.

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