The Hardware Building
Fully Restored Retail Building, 100% leased, 4.5 Year WALT, Adjacent Parking Lot
Marketing description
Arroyo Commercial Services is pleased to present an exclusive listing for The Hardware Building and a 2,806 SF parking lot serving the property.
Situated in the heart of St. Johns, this high-visibility property presents an excellent opportunity to invest in a well-maintained, stable income-generating property located in one of Portland’s most vibrant retail corridors, less than 20 minutes from downtown. This cornerstone investment benefits from steady pedestrian traffic, easy access to transit, a growing retail and dining scene in a sought-after neighborhood with an established identity.
Property tours of interior spaces by appointment only; please call listing broker to arrange.
Owner motivated to review all reasonable offers.
PROPERTY FACTS
The oldest building in St. Johns (1898), has been fully restored and features upgraded mechanical systems, a refreshed exterior, new storefronts, and energy-efficient windows. Demised into four beautifully finished commercial units, each is occupied by well-established, stable tenants under solid leases with varying terms. 2027-2028 lease expirations afford the opportunity to bring NNN rents to market rates. Presently calculate to 4.54 Year WALT.
Investment highlights
Property is 100% leased,
Recent activity includes new five-year lease in last vacancy and two-year extension of anchor coffee shop. Lease terms calculate to 4.5 Year Weighted Average.
Property encompasses .09-acre parking lot fronting North Burlington with 6-8 unreserved stalls. Zoned CM2,
with potential for future stand-alone development, subject to existing easements for neighboring owner access.
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