Four-Lot Commercial
New
For Sale
$599,000
7062 NE M L KING Blvd, Portland, OR 97211
Land, Portland, OR
Property SizeContact for details
Lot Size0.23 Acres
Days on Market2
Property Features for 7062 NE M L KING Blvd
General Information
Property type
Land
Property subtype
Other
Zoning
CM2
View
Territorial
Elementary school
Woodlawn
Middle school
Ockley Green
High school
Jefferson
Directions
MLK Between Morgan & Bryant
Subdivision
_142
Standard status
Active
APN
R155330
Lot size
0.23 Acres
Taxes and HOA fees
Tax Description
EL TOVAR, BLOCK 9, LOT 1-4, LAND & IMPS SEE R155331 (R241802311) FOR BILLBOARD
Tax Annual Amount
2918
Legal Description
EL TOVAR, BLOCK 9, LOT 1-4, LAND & IMPS SEE R155331 (R241802311) FOR BILLBOARD
Listing Agency:
Farrell Realty & Property Management, Inc
(503) 283-1900
Listed By:
Cindy Somsanith · License #201203724
(503) 750-8298
Added: Sep 2
Last Checked: Sep 3 at 1:06PM
MLS# 178362334
Copyright © 2026 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.
Investment Insights
Based on property information with market context.
This 0.23-acre commercial land offering comprises four platted lots at the corner of Morgan Street and NE M L KING Blvd. The property carries CM2 zoning and is currently associated with rental income from a car-lot tenant and a billboard, providing an existing income component while future plans are evaluated.
Located in Portland, Oregon, the parcel is positioned at a signalized?
Located in Portland, Oregon, the parcel is positioned at a signalized?
Key Highlights
- 0.23‑acre commercial land parcel
- Four platted lots at the corner of Morgan Street and NE M L KING Blvd
- CM2 zoning
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
Realmo’s AI knows this listing — price, zoning, demand, history. Ask anything.
Frequently Asked Questions
What type of property is this?
Commercial land - CM2-zoned corner parcel with existing car-lot and billboard income.
Where is this commercial land 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: 0.23‑acre commercial land parcel; Four platted lots at the corner of Morgan Street and NE M L KING Blvd; CM2 zoning
