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240 NE Martin Luther King Jr Blvd - NE MLK Development Opportunity 0.13 Acres of Commercial Land Offered at $600,000 in Portland, OR 97232

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Investment Highlights

Strong visibility located adjacent to I-84 and MLK Blvd!
High density residential, commercial and light industrial uses

EX Central Employment zoning - lots of flexibility

Executive Summary

Seize this rare opportunity to acquire a developable 5,949 SF lot currently improved as a parking lot, located adjacent to I-84 and MLK Boulevard. EX Central Employment zoning allows high density residential, commercial, and light industrial uses, offering exceptional flexibility for mixed use or employment focused development. Prime urban infill location with excellent freeway access and strong visibility, well positioned for developers seeking a strategic site with long term upside in a central Portland corridor.
Buyers to do all due diligence.
Email Admin@BradleyKingCRE.com for additional Buyer information including the Development package.

MLK Blvd-240 NE - Flyer

Property Facts

Price	$600,000	Proposed Use	Commercial Office Mixed Use Apartment Units Apartment Units - Condo Convenience Store Parking Lot
Sale Type	Investment	Total Lot Size	0.13 AC
No. Lots	1	No. Stories	1
Property Type	Land	Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Property Subtype	Commercial
Zoning	EX - Central Employment

Price	$600,000
Sale Type	Investment
No. Lots	1
Property Type	Land
Property Subtype	Commercial
Proposed Use	Commercial Office Mixed Use Apartment Units Apartment Units - Condo Convenience Store Parking Lot
Total Lot Size	0.13 AC
No. Stories	1
Opportunity Zone	Yes State officials designate a portion of qualified Census Tracts to be Opportunity Zones. Certain investments in Opportunity Zones may be eligible for preferential tax treatment.
Zoning	EX - Central Employment

1 Lot Available

Lot

Price	$600,000	Lot Size	0.13 AC
Price Per AC	$4,615,384.62

Price	$600,000
Price Per AC	$4,615,384.62
Lot Size	0.13 AC

Description

flat

1 1

Moderately walkable

70/100

Very drivable

80/100

Strong public transit

80/100

Moderately bikeable

60/100

Source: Local Logic^®

Property Taxes

Parcel Number	R150150	Improvements Assessment	$0
Land Assessment	$0	Total Assessment	$616,920

Property Taxes

Parcel Number

R150150

Land Assessment

Improvements Assessment

Total Assessment

$616,920

(503) 313-8262

Contact

Bradley King
KW Commercial Portland Premiere

Listing ID: 42055882
Date on Market: 9/4/2026
Last Updated:
Address: 240 NE Martin Luther King Jr Blvd, Portland, OR 97232

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240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 1 of 18 — Building Photo

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Other- Image 2 of 18 — Other

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Other- Image 3 of 18 — Other

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 4 of 18 — 448098199-4

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 5 of 18 — 448098199-5

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 6 of 18 — 448098199-7

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 7 of 18 — 448098199-8

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 8 of 18 — 448098199-9

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 9 of 18 — 448098199-10

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 10 of 18 — 448098199-11

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 11 of 18 — 448098199-12

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 12 of 18 — 448098199-13

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 13 of 18 — 448098199-14

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 14 of 18 — 448098199-15

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 15 of 18 — 448098199-16

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 16 of 18 — 448098199-17

240 NE Martin Luther King Jr Blvd, Portland, OR for sale Building Photo- Image 17 of 18 — 448098199-18

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240 NE Martin Luther King Jr Blvd - NE MLK Development Opportunity

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