Listing Agency: ELEETE REAL ESTATE

Listed By: The Lee Davies Team Show Phone

Source: Leedavies

Added: Jan 7 Changed: Nov 2 Last Checked: Oct 31 at 5:04PM

Report an Issue

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of ELEETE REAL ESTATE

Ask AI about this property

Review the available facts, identify missing information and prepare questions for the agent.

What should I ask the agent before proceeding? What information is missing from this listing?

Investment Insights

Based on property information with market context.

This commercial parcel encompasses 5,949 SF and is currently used for parking. Its EX Central Employment zoning allows high-density residential, commercial, and light industrial uses, supporting a range of development configurations.

The site is adjacent to I-84 and MLK Boulevard in Portland, with access to both corridors.

Key Highlights

• 5,949 SF parcel
• Currently improved as a parking lot
• EX Central Employment zoning permits high‑density residential, commercial, and light industrial uses

Property Analytics

Who owns this building? See the owner, sales and loan history

Open Analytics

Suggested Use

Top Pick Pet Grooming Service (Bike/Boat/Book/etc) Store Veterinary Clinic Tanning Salon Mobile Phone Store Adult Day Care

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

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

Similar For Sale Nearby

See more

Four-Lot Commercial Land

7062 NE M L KING Blvd, Portland, OR 97211

$599,000

0.23 Acres

View details

CM1 Mixed-Use Development Land

2880 SE STARK St, Portland, OR 97214

$575,000

0.11 Acres

View details

Two-Parcel Commercial Land

4121 NE GRAND Ave, Portland, OR 97211

$650,000

0.11 Acres

View details

Portland Redevelopment Opportunity Near Transit

12224 SE Ash, Portland, OR 97233

$550,000

7,049 SF

View details

NW Glenridge Land For Sale

13115 NW Glenridge Dr, Portland, OR 97229

$550,000

0.46 Acres

View details

CX-Zoned Commercial Land

4530 S Kelly Ave, Portland, OR 97239

$545,000

624 SF

View details

CM2-Zoned Commercial Land

4120 NE CULLY Blvd, Portland, OR 97218

$665,000

0.28 Acres

View details

Mt Tabor Land Opportunity

6838 SE Belmont St, Portland, OR 97215

$699,000

0.28 Acres

View details

CM2-Zoned Commercial Land

3620 NE M L KING Blvd, Portland, OR 97212

$500,000

0.21 Acres

View details

Fenced Commercial Land With Parking

S WATER Ave, Portland, OR 97201

$500,000

0.12 Acres

View details

Leased Land in South Waterfront

0000 S WATER AVE, Portland, OR 97201

$500,000

0.12 Acres

View details

CM2 Commercial Land

1455 NE KILLINGSWORTH St, Portland, OR 97211

$750,000

0.12 Acres

View details

Frequently Asked Questions

What type of property is this?

Commercial land - EX Central Employment zoning supports residential, commercial, and light industrial development.

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 parcel; Currently improved as a parking lot; EX Central Employment zoning permits high‑density residential, commercial, and light industrial uses