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Property profile & analytics
OFF-MARKET
Land

240 Martin Luther King Jr Blvd Portland, OR 97232

Property ID
Property summary
AI-generated overview

This exceptional 5,949 square foot development opportunity is located at 240 NE Martin Luther King Jr Blvd in Portland, Oregon, within Multnomah County (APN R150150). The property's EX - Central Employment zoning allows for a diverse range of uses, including multi-family residential, retail, office, and industrial development. Its prime location in inner Northeast Portland offers high visibility and accessibility. A significant advantage is the inclusion of an income-producing billboard, generating additional revenue potential. The site is conveniently situated within walking distance of various local businesses, including restaurants and retailers, enhancing its appeal and potential for future development. This centrally located parcel presents a unique chance to capitalize on Portland's thriving real estate market and create a profitable venture. The lot size provides ample space for a variety of development projects, catering to diverse needs and investment strategies. Serious inquiries are encouraged to explore the full potential of this exceptional property. Contact us for pricing details.

Property profile
Verified
Property type Land
Cap rate & NOI
Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors
Implied cap rate, NOI & suggested price
Cap vs submarket · NOI estimate · 3 price anchors
Current use
Occupant on record · Public records
  • Isalis (Bike/Boat/Book/etc) Store
  • Party City Party Supply Store (Bike/Boat/Book/etc) Store
  • Skunk Funk Big Box & Wholesale Store
  • Carl's Trading Co Hat Shop
  • Bushka's Kitchen LLC (Bike/Boat/Book/etc) Store
Value estimations
Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
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Comparable Approach Comparable
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Blend (final) Blend
by Request
Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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