409 SE Martin Luther King Jr Blvd 12,484 SF Retail Building Portland, OR 97214 $2,975,000 ($238.31/SF)

Rare opportunity to acquire one of Portland’s most recognized properties within the vibrant Central Eastside. Formerly home to Sheridan Fruit Co., this 18,000-square-foot corner site offers unmatched visibility and excellent access along SE Martin Luther King Jr. Boulevard, a key arterial with heavy traffic counts. The property features a ±12,484-square-foot building with showroom and warehouse space, dock-high loading, and on-site parking. Zoned EXd (Central Employment with Design Overlay), the site supports a wide range of commercial, residential, and mixed-use redevelopment opportunities with a 6:1 FAR allowing up to 108,000 square feet of building area. Its convenient location near downtown Portland, major bridges, Interstate 5, and Burnside Bridgehead makes it a prime candidate for future repositioning or adaptive reuse. With flexible zoning and strong surrounding demographics, this asset delivers exceptional potential for owner/users and investors looking to participate in Portland’s ongoing urban transformation. Offered at $2,975,000.