Four-Lot Mixed-Use
New
For Sale
$599,000
7062 NE M L KING BLVD, Portland, OR 97211
CM2-zoned property occupies a corner position at Morgan and NE M L King Blvd.
Property SizeContact for details
Days on Market4
Property Features for 7062 NE M L KING BLVD
General Information
Standard status
Active
Property subtype
MixedUse
Taxes and HOA fees
Annual Taxes
$2,918
Listing Agency:
Farrell Realty & Property Management, Inc
Listed By:
Cindy Somsanith · License #201203724
(503) 750-8298
Source:
Eleeterealestate
Added: Sep 2
Changed: Sep 4
Last Checked: Sep 5 at 6:37AM
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 Farrell Realty & Property Management, Inc
Investment Insights
Based on property information with market context.
This mixed-use property comprises four platted lots at the intersection of Morgan and NE M L King Blvd in Portland. The site carries CM2 zoning and is currently associated with a car lot tenant, providing an existing rental-income component.
The property also generates billboard income, creating two current income sources from the site. Its corner configuration, established tenant use, billboard presence, and CM2 designation are the principal physical and operational characteristics identified for the property.
The property also generates billboard income, creating two current income sources from the site. Its corner configuration, established tenant use, billboard presence, and CM2 designation are the principal physical and operational characteristics identified for the property.
Key Highlights
- Four platted lots included in the property
- CM2 zoning designation
- Corner location at Morgan and NE M L King Blvd
Property Analytics
Property Profile
Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
Explore this area
Business Placement
Demographics for 97211, OR
33,762
Population
15,106
Households
2.2
Avg Household Size
38
Median Age
56%
College-Educated
96%
High-School Grad
7.1 sq mi
ZIP Area
4,755
Density / Sq Mi
$109,604
Median Household Income
$59,171
Median Earnings
$1,818
Median Rent
$616,800
Median Home Value
Market
Vacancy Rate% for Retail in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Mixed-use property - CM2-zoned property occupies a corner position at Morgan and NE M L King Blvd.
Where is this mixed-use property 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 included in the property; CM2 zoning designation; Corner location at Morgan and NE M L King Blvd
