Active
Courtesy of Renaissance Development Corp.
Photograph 1 of 18
5,968 Sq.Ft. Lot
240 NE M L King Blvd, Portland
$600,000
ActiveMLS®: 448098199
- Lot size
- 5,968 sqft
- Property type
- Land
- Days on market
- 309
Overview
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.
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 5,968 sqft
- Lot features
- Corner Lot, Gated
- View
- Yes
- View description
- City
Schools
- High school
- Cleveland
- Middle school
- Hosford
- Elementary school
- Buckman
Location
- City
- Portland
- County
- Multnomah
- Zoning
- EX
Taxes and dues
- Annual taxes
- $16,221 (2025)
Location
240 NE M L King Blvd, Portland, OR 97232
Monthly payment estimate
$4,545 /mo
20% · $120,000
7.00%
- Principal and interest
- $3,193
- Property tax (2025)
- $1,352
- Total
- $4,545
Estimate only, and not an offer of credit. Assumes 20% down ($120,000) and a 30-year fixed rate at 7.00%. Property tax is the assessed annual amount from the listing, divided by twelve. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
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