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    5775 Martin Luther King Jr Blvd Portland, OR 97211

    Sponsored
    For Sale
    Contact for pricing

    Former Bank Building, 1765 SF, Drive-Thru ATM

    Property size:
    1,765 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1,765-square-foot freestanding former bank building presents a unique investment opportunity in Portland, Oregon. Located at 5775 NE Martin Luther King Jr Blvd, in the desirable 97211 zip code within Multnomah County, this Class B property boasts a convenient drive-thru ATM. Built in 1947, the vacant building offers significant potential for redevelopment or repurposing. The property includes 21 parking spaces, with one ADA-compliant space. Currently zoned CM2 (Commercial Mixed Use), this versatile space allows for a range of commercial uses. The sale is conducted through a modified sealed bid process. Detailed due diligence information is available in the virtual deal room accessible via the provided link. Prospective buyers are responsible for conducting their own due diligence before submitting an offer. The property is being sold "as is".

    Property Features for 5775 Martin Luther King Jr Blvd

    General Information

    Property type
    Individual retail properties
    Square Feet
    1,765 SF
    Class
    B

    Building Details

    Year Built
    1947

    HighLights

    • 1,765 SF vacant retail bank building.
    • Located at 5775 NE Martin Luther King Jr Blvd, Portland, OR 97211.
    • Features a drive‑thru ATM.
    • Class B construction, built in 1947.
    • Offered via a modified sealed bid process; contact broker for details and property tour.
    Property Profile Location Intelligence

    Current Use by Public Records

    Isalis Gift Shop Party City Party Store Skunk Funk Wholesaler Carl's Trading Co Hat Shop Bushka's Kitchen LLC Outdoor Clothing And Equipment Shop

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Building Supply Clothing Store Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.66147709932
    Latitude
    45.565140003644

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    FAQs

    What type of property is this?
    Individual retail property - Former Bank Building, 1765 SF, Drive-Thru ATM
    Where is this individual retail property located?
    The property is located at 5775 Martin Luther King Jr Blvd Portland, OR.
    What are key features of this property?
    This property features: 1,765 SF vacant retail bank building.; Located at 5775 NE Martin Luther King Jr Blvd, Portland, OR 97211.; Features a drive-thru ATM.
    Request Owner's contact information
    5775 Martin Luther King Jr Blvd Portland, OR 97211
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    Portland, OR 97211
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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
    5775 Martin Luther King Jr Blvd Portland, OR 97211
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