Property summary
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 profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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No zoning code is on file for this parcel. Zoning coverage grows with every catalog release — check back, or open Location Intelligence for use analysis of this corner.
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