Your AI Navigator in Commercial Real Estate
Sign Up Successful!
You now have access to more from Realmo!
    For Sale
    • For Sale
    • For Lease
    • Recently Sold
    • Property Lookup
    • Brokers
    AI Search
    Back to Search

    7062 NE M L King Blvd Portland, OR 97211

    For Sale
    $599,000

    LAND - Portland, OR

    Lot size:
    0.23 Acres
    Days on Market:
    59
    Last Refresh:
    Dec 14 at 3:06 am

    Property Features for 7062 NE M L King Blvd

    General Information

    Property type
    Land
    Property subtype
    Other
    Standard status
    Active
    Zoning
    CM2
    APN
    R155330
    Lot size
    0.23 Acres

    Farrell Realty & Property Management (503) 750-8298 [email protected]

    Listing agent Cindy Somsanith (503) 283-1900

    Listing date Oct 17, 2025

    MLS# 367429396 Listing URL

    Copyright © 2025 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.

    Overview

    Prime Corner Lots in Portland

    This property presents an opportunity for investors or developers, featuring four platted lots situated on the corner of Morgan and MLK in Portland, Oregon. The property is zoned CM2 and benefits from a location with high traffic volume. Currently, the site generates income from a car lot and a billboard, offering immediate returns for investors while awaiting future development. The lot size is approximately 0.23 acres. The property is located in Multnomah County. The existing tenants should not be disturbed.
    Property Profile Location Intelligence

    Current Use by Public Records

    Parking lots & garages

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Similar Places Nearby

    Ryder Truck Rental, Samo, Penske Truck Rental, U-Haul Neighborhood Dealer

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.660894
    Latitude
    45.574241

    Nearby Similar for Sale

    • $3,600,000
      4.51 Acres

      Forested Acres with Rental Units

      Unique investment opportunity near downtown Portland with high revenue potential.
      8720 SW Katherine Ln, Portland, OR 97225
      View Details
    • $989,000
      0.08 Acres

      Innovative Duplex in Portland, Oregon

      Versatile duplex with potential for multi-generational living or rental income.
      16505 NW Liberty St, Portland, OR 97229
      View Details
    • $370,000
      1,109 SF

      Renovated Loft in Pearl District

      Stunning, remodeled loft with commercial potential in prime location.
      1314 NW Irving St, Portland, OR 97209
      View Details
    • $1,075,000
      3,007 SF

      Office/Medical Building on Beaverton-Hillsdale Highway

      Well-maintained office/medical building in prime location with development opportunities.
      7303 SW Beaverton Hillsdale Hwy, Portland, OR 97225
      View Details
    • $1,475,000
      5,899 SF

      Turn-Key Multifamily Investment Opportunity

      Well-maintained, income-generating property in desirable Mill Park neighborhood.
      2448 SE 117Th Ave, Portland, OR 97216
      View Details
    • $690,000
      0.11 Acres

      Richmond Duplex: Investment Opportunity

      Charming 1912 duplex in the heart of Richmond.
      3504 SE Sherman St, Portland, OR 97214
      View Details

    FAQs

    What type of property is this?
    Parking lot & garage - Four platted lots in high-traffic area, generating income.
    Where is this parking lot & garage located?
    The property is located at 7062 NE M L King Blvd Portland, OR.
    What is the asking price?
    The asking price for this property is $599,000.
    What are key features of this property?
    This property features: - Four platted lots on a corner location.; - Zoned CM2, suitable for commercial development.; - High traffic area.
    (503) 283-1900
    Request Owner's contact information
    7062 NE M L King Blvd Portland, OR 97211
    Message sent successfully
    Error
    If you are the owner or broker of this property and would like to edit or remove this listing please send a message to web site administrator.
    7062 NE M L King Blvd
    Portland, OR 97211
    Message sent successfully
    Error
    Email to Your Friends
    Link copied to clipboard
    Separate multiple addresses with a comma
    Message sent successfully
    Error

    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    7062 NE M L King Blvd Portland, OR 97211
    Thanks! Your message was sent.
    Error! Your message wasn't sent.
    Please enter your name
    Please enter email
    Please enter the email in the correct format
    Please enter phone
    Please enter the number in the correct format
    Please enter message
    Google sign-in failed. Please try again or use another login method.
    Create New Password
    • At least 8 characters
    • Contains both letters and numbers
    • Contains uppercase and lowercase letters
    • At most 32 characters
    • Password required
    • Password reset link has expired. Please request a new one.