1211-1223 Martin Luther King Jr Blvd Portland, OR 97232
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.
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
Similar Nearby for Lease
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.