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    7205 NE Martin Luther King Jr Blvd Portland, OR 97211

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    For Sale
    Contact for pricing

    10,000 SF lot suitable for retail or residential development.

    Property Features for 7205 NE Martin Luther King Jr Blvd

    General Information

    Zoning
    RM2

    Source: Seth Platsman Agent Seth Platsman

    Displayed information is deemed reliable but is not guaranteed and should be independently verified.

    Overview

    Corner Lot on Evolving Corridor

    This property presents an opportunity for an owner/user to occupy 3,000 SF with ample off-street parking and yard space. The site consists of a single tax lot, with an aged mechanic building covering the western 1/3rd of the lot. Existing grandfathered use allows for retail sales and service uses. The current layout features 5 drive-in bays and a small office. There is also a development opportunity to acquire an approximately 10,000 SF lot on a rapidly evolving corridor. The site's RM2 zoning designation allows for potential residential uses, limiting development density to a maximum of 12-13 units. The subject property is a well-located parcel on the corner of MLK and NE Buffalo St. It offers ample frontage along MLK, which is a rapidly evolving corridor with numerous multi-family developments within a small radius.
    Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    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

    AG Ward's Auto Body, Clockn Auto & Truck Repair, Art of Maintenance, Double J Tire Center, VIP Collision Center

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Washington
    State
    Oregon
    Longitude
    -122.644
    Latitude
    45.5753

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    FAQs

    What type of property is this?
    Auto shop - 10,000 SF lot suitable for retail or residential development.
    Where is this auto shop located?
    The property is located at 7205 NE Martin Luther King Jr Blvd Portland, OR.
    What are key features of this property?
    This property features: - 10,000 SF lot in a rapidly developing area on MLK.; - RM2 zoning allows for potential residential development (up to 12-13 units).; - Existing grandfathered use allows for retail sales and service uses.
    (503) 416-0091
    Request Owner's contact information
    7205 NE Martin Luther King Jr Blvd Portland, OR 97211
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    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
    7205 NE Martin Luther King Jr Blvd Portland, OR 97211
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