Commercial Land with Parking
For Sale
$600,000
240 NE M L KING Blvd, Portland, OR 97232
Land, Portland, OR
Property SizeContact for details
Lot Size0.14 Acres
Days on Market244
Property Features for 240 NE M L KING Blvd
General Information
Property type
Land
Property subtype
Other
Zoning
EX
View
City
Elementary school
Buckman
Middle school
Hosford
High school
Cleveland
Directions
NE Mlk to NE Everett st
Subdivision
_142
Standard status
Active
APN
R150150
Lot size
0.14 Acres
Taxes and HOA fees
Tax Description
EAST PORTLAND, BLOCK 109, LOT 1 EXC PT IN ST, N 15' OF LOT 2 EXC
Tax Annual Amount
16221
Legal Description
EAST PORTLAND, BLOCK 109, LOT 1 EXC PT IN ST, N 15' OF LOT 2 EXC
Listing Agency:
Keller Williams Realty Portland Premiere
(503) 597-2444
Listed By:
Bradley King · License #201235429
(503) 313-8262
Added: Jan 7
Changed: Sep 4
Last Checked: Sep 8 at 2:06PM
MLS# 448098199
Copyright © 2026 Regional Multiple Listing Services. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified.
Investment Insights
Based on property information with market context.
This 0.137-acre commercial land parcel contains 5,949 SF and is currently improved with a parking lot. The site is zoned EX, or Central Employment, a designation that supports high-density residential, commercial, and light industrial development. Its existing paved use provides a clear physical condition for evaluating future plans.
The property is located at 240 NE M L KING Blvd in Portland, adjacent to I-84 and MLK Boulevard. The site sits within a central Portland corridor and offers direct proximity to a major interstate and boulevard connection. The combination of EX zoning, an existing parking improvement, and an urban infill setting creates a compact commercial land offering for a range of permitted development concepts.
The property is located at 240 NE M L KING Blvd in Portland, adjacent to I-84 and MLK Boulevard. The site sits within a central Portland corridor and offers direct proximity to a major interstate and boulevard connection. The combination of EX zoning, an existing parking improvement, and an urban infill setting creates a compact commercial land offering for a range of permitted development concepts.
Key Highlights
- 5,949 SF commercial land parcel
- 0.137 acres
- Currently improved as a parking lot
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
5,242
Businesses Nearby
Explore this area
Business Placement
Demographics for 97232, OR
15,382
Population
9,594
Households
1.6
Avg Household Size
37
Median Age
65%
College-Educated
96%
High-School Grad
1.9 sq mi
ZIP Area
8,096
Density / Sq Mi
$71,278
Median Household Income
$49,794
Median Earnings
$1,584
Median Rent
$801,300
Median Home Value
Questions? Ask Rey
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - EX zoning supports high-density residential, commercial, and light industrial uses.
Where is this commercial land located?
The property is located at 240 NE M L KING Blvd Portland, OR.
What is the asking price?
The asking price for this property is $600,000.
What are key features of this property?
This property features: 5,949 SF commercial land parcel; 0.137 acres; Currently improved as a parking lot
