2650 Martin Luther King Jr Blvd Portland, OR 97213
This exceptional free-standing retail building, located at 2650 NE Martin Luther King Jr Blvd in Portland, Oregon, presents a unique investment opportunity. Boasting a total of 18,100 square feet, the property features 12,984 square feet on the first floor and an additional 5,116 square feet of mezzanine space. Situated on a 1.09-acre lot at the corner of NE MLK Jr. Blvd and NE Knott Street, this two-story building offers unparalleled visibility and accessibility. Built in 1999, the property currently has 18,100 square feet of vacant space, presenting a blank canvas for a discerning tenant. The building includes 69 parking spaces, providing ample convenience for customers and employees. The property is zoned CM3 – Commercial Mixed-Use, offering flexibility for a variety of retail uses. Its location in a walkable neighborhood further enhances its appeal. This high-profile location on a major thoroughfare ensures significant foot traffic and exposure, making it an ideal space for a flagship retail operation or a multi-tenant development. The property's size, location, and zoning make it a truly exceptional opportunity in the vibrant Portland market. Inquire for lease rate information.
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Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.