4401 Martin Luther King Jr Blvd Portland, OR 97211
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Portland Flex Warehouse, Investment Opportunity
Property size:
34,157 SFProperty Features for 4401 Martin Luther King Jr Blvd
General Information
- Property type
- Distribution properties
- Square Feet
- 34,157 SF
- Lot Size
- 67,082 SF
Building Details
- Buildings
- 1
- Stories
- 2
Listing Agent: Nicholas Diamond
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This exceptional 1.54-acre property, located at 4401 NE Martin Luther King Jr Blvd in Portland, Oregon's King District, presents a unique opportunity for owner-users, developers, or investors. The site boasts high visibility on a major thoroughfare with over 58,000 vehicles passing daily. Currently featuring a 34,157 square foot industrial warehouse with office space and 40+ off-street parking spaces, the property is being offered at a significantly reduced price of $5,975,000 ($174.93 per square foot). The existing building offers ample space for immediate occupancy or repurposing. The CM3 zoning allows for a wide range of uses, including retail, office, and residential development, making this a versatile investment. The property's 3:1 base and 5:1 bonus floor area ratio (FAR) provides significant development potential. The parcel's size (67,082 square feet) and the building's existing infrastructure make this a compelling opportunity in a rapidly growing area. The property includes one loading dock and one dock-high door. The Multnomah County Assessor's Parcel Number (APN) is R120833. This is a rare chance to acquire a prime location with significant upside potential. The property will be delivered vacant.
Property Profile
Location Intelligence
Current Use by Public Records
Flex space
Map
- City
- Portland
- County
- Multnomah
- State
- Oregon
- Longitude
- -122.6624127
- Latitude
- 45.55457732
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FAQs
What type of property is this?
Distribution property - Portland Flex Warehouse, Investment Opportunity
Where is this distribution property located?
The property is located at 4401 Martin Luther King Jr Blvd Portland, OR.
What is the asking price?
The asking price for this property is $5,975,000.
What are key features of this property?
This property features: Reduced price: $5,975,000 (previously $6,500,000).; 1.54-acre lot (67,082 square feet).; 34,157-square-foot building ($175 per square foot).