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    550 Martin Luther King Jr Blvd Portland, OR 97214

    Sponsored
    For Lease
    Contact for pricing

    New 7-story building, multiple units available.

    Lot size:
    3,980 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional retail opportunity is located at 550 SE Martin Luther King Jr Blvd in Portland, Oregon, within the vibrant Multnomah County. The property, a brand-new 7-story building completed in 2024, offers multiple retail spaces ideal for a variety of uses, including restaurants, storefronts, and service businesses. Three spaces are currently available, ranging in size from 1,075 square feet to 1,600 square feet, providing flexibility for businesses of varying scales. The building's prime location on SE Martin Luther King Jr Blvd ensures high visibility and accessibility for customers. The zip code is 97214. This is a fantastic chance to establish or expand your business in a thriving Portland neighborhood. The building's modern design and construction offer a fresh and appealing space for tenants. The multiple unit availability allows for potential expansion or the opportunity to lease multiple spaces for a larger operation. This location offers excellent potential for high foot traffic and strong business growth. Don't miss this chance to secure your space in this exciting new development. Contact us today to learn more about leasing options and availability.

    Property Features for 550 Martin Luther King Jr Blvd

    General Information

    Property type
    Restaurants
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    3,980 SF

    Building Details

    Year Built
    2024
    Stories
    7

    Unit(s) available at that property

    Space
    Retail 1
    Size
    1,600 SF
    Space
    Retail 2
    Size
    1,075 SF
    Space
    Retail 3
    Size
    1,305 SF

    HighLights

    • High‑profile restaurant/bar and retail spaces available in a new 7‑story mixed‑use building with 132 residential units in Portland's Central Eastside.
    • Ground‑floor restaurant/bar space at SE MLK & Stark boasts high ceilings, large windows, and a sizable secure patio.
    • Prime location near established businesses including Grand Amari Hotel, District Office, and numerous popular restaurants and retailers.
    • Spaces available Fall 2024.
    Property Profile Location Intelligence

    Current Use by Public Records

    Bars

    Map

    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.66179134563
    Latitude
    45.519056328399

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    FAQs

    What type of property is this?
    Restaurant - New 7-story building, multiple units available.
    Where is this restaurant located?
    The property is located at 550 Martin Luther King Jr Blvd Portland, OR.
    What are key features of this property?
    This property features: High-profile restaurant/bar and retail spaces available in a new 7-story mixed-use building with 132 residential units in Portland's Central Eastside.; Ground-floor restaurant/bar space at SE MLK & Stark boasts high ceilings, large windows, and a sizable secure patio.; Prime location near established businesses including Grand Amari Hotel, District Office, and numerous popular restaurants and retailers.
    Request Owner's contact information
    550 Martin Luther King Jr Blvd Portland, OR 97214
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    Portland, OR 97214
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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
    550 Martin Luther King Jr Blvd Portland, OR 97214
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