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Property profile & analytics
OFF-MARKET
Retail properties & Spaces

1211-1223 Martin Luther King Jr Blvd Portland, OR 97232

4,270 SF
Property ID
Property summary
AI-generated overview

The Merrick Building, located at 1211-1223 NE Martin Luther King Jr Blvd in Portland, Oregon (97232), presents a unique mixed-use investment opportunity. This six-story building offers a total of 4,270 square feet of retail and restaurant space, currently entirely vacant and available for lease. The building is comprised of three individual suites, offering flexibility for various business needs. Individual suite sizes range from a minimum of 1,317 square feet to a maximum contiguous space of 1,556 square feet. The building's location in Multnomah County provides excellent access to a vibrant and growing market. This is an exceptional chance to establish a presence in a bustling Portland neighborhood. The property's mixed-use zoning allows for a variety of potential tenants, creating a diverse and potentially lucrative investment. The entire 4,270 square feet is available for lease, presenting a rare opportunity to secure a significant footprint in a desirable location. Interested parties are encouraged to inquire for further details and leasing options.

Property profile
Verified
Property type Retail properties & Spaces
Total area 4,270 SF
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
Value estimations
Realmo proprietary · 4 methods
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Owner & transaction history
Owner on record
Zoning & alternative use
Permitted uses
Permitted uses
Allowed · conditional · prohibited
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