Four-Lot Commercial
7062 NE M L KING, Portland, OR 97211
For Sale
$599,000
Four platted lots with CM2 zoning and existing rental and billboard income.
Property SizeContact for details
Days on Market74
Property Features for 7062 NE M L KING
General Information
Standard status
Property subtype
Site & Location
Neighborhood
Taxes and HOA fees
Annual Taxes
Amenities
Corner Lot
Listing Agency:
FARRELL REALTY & PROPERTY MANAGEMENT, INC
(503) 283-1900
Listed By:
CINDY SOMSANITH · License OR #201203724
(503) 750-8298
Source:
Corcoran
Added: Sep 2
Changed: Nov 13
Last Checked: Nov 12 at 7:18AM
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
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Investment Insights
Based on property information with market context.
This commercial land offering comprises four platted lots at the intersection of Morgan and MLK. The property carries CM2 zoning and is currently occupied by a car lot tenant, with additional billboard income generated on site.
The corner position places the parcel at 7062 NE M L KING in Portland, Oregon. Existing revenue provides an interim use while future development plans are evaluated. A developer packet and further property information are available through the agent.
The corner position places the parcel at 7062 NE M L KING in Portland, Oregon. Existing revenue provides an interim use while future development plans are evaluated. A developer packet and further property information are available through the agent.
Key Highlights
- Four platted lots included
- CM2 zoning
- Corner of Morgan and MLK
Property Analytics
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Current Use
Location Intelligence
Trade Area within ½ mile
609
Businesses Nearby
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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
$616,800
Median Home Value
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Market
Average Price Trend$/SF for Commercial land in Portland, OR
Properties on Market for Commercial land in Portland
Vacancy Rate% for Retail in Portland, OR
Frequently Asked Questions
What type of property is this?
Commercial land - Four platted lots with CM2 zoning and existing rental and billboard income.
Where is this commercial land located?
The property is located at 7062 NE M L KING 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; CM2 zoning; Corner of Morgan and MLK
