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240 NE Martin Luther King Jr Blvd - NE MLK Development Opportunity

0.14 Acres of Commercial Land Offered at £552,300 in Portland, OR 97232

Investment Highlights

  • Zoning Allows for Multiple Uses Including, Multi-Family, Retail, Office, and Industrial Uses
  • Within Walking Distance to Multiple Local Retailers and Restaurants

Executive Summary

5,949 SF Development Opportunity in NE Portland
Income Producing Billboard • High Visibility Along NE MLK Blvd
--------------------
Lot Size: 5,949 SF
Zoning: EX - Central Employment
REDUCED Sale Price: $700,000

Attachments

240_NE_MLK_Lot_Flyer

Property Facts

Price £552,300 Property Subtype Commercial
Sale Type Investment or Owner User Total Lot Size 0.14 AC
No. Lots 1 Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Type Land
Price £552,300
Sale Type Investment or Owner User
No. Lots 1
Property Type Land
Property Subtype Commercial
Total Lot Size 0.14 AC
Opportunity Zone Yes
State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.

1 Lot Available

Lot

Price £552,300 Lot Size 0.14 AC
Price Per AC £4,044,080
Price £552,300
Price Per AC £4,044,080
Lot Size 0.14 AC

• Centrally Located in Inner NE Portland • Corner of NE MLK & NE Everett • Close Proximity to Major Transit Lines, Portland Street Car, and MAX Light Rail Station

Links

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240 NE Martin Luther King Jr Blvd, Portland, OR - aerial map view
Walk Score ®
Very Walkable (83)
Transit Score ®
Excellent Transit (82)
Bike Score ®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®
Learn How It Works Detailed Scores

PROPERTY TAXES

Parcel Number R150150 Improvements Assessment £62,465
Land Assessment £938,752 Total Assessment £1,001,217

PROPERTY TAXES

Parcel Number
R150150
Land Assessment
£938,752
Improvements Assessment
£62,465
Total Assessment
£1,001,217

zoning

Zoning Code EX (Central Employment)
EX (Central Employment)
(503) 326-9000

  • Listing ID: 31600125

  • Date on Market: 24/04/2024

  • Last Updated:

  • Address: 240 NE Martin Luther King Jr Blvd, Portland, OR 97232

The Land Property at 240 NE Martin Luther King Jr Blvd, Portland, OR 97232 is currently available For Sale. Contact Capacity Commercial Group LLC for more information.

Nearby Listings

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240 NE Martin Luther King Jr Blvd, Portland, OR for sale Aerial- Image 2 of 3
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© 2024 CoStar Group

240 NE Martin Luther King Jr Blvd - NE MLK Development Opportunity
(503) 326-9000 x

240 NE Martin Luther King Jr Blvd - NE MLK Development Opportunity

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Michael Horter

(503) 326-9000

(503) 326-9000

Riley Henderson

(503) 212-0927

(503) 212-0927

Nicholas Diamond

(503) 222-2655

(503) 222-2655

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