$600,000

240 Ne M L KING Blvd, Portland, OR 97232

Land
Built in ——
—— sqft lot
—— car garage
$——/sqft
Listed 2 months ago

Property Description

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.

Listing Status:: Active
Date Added:: January 7, 2026
Data Last Updated:: April 5, 2026 at 5:41PM
Listing Office:: Keller Williams Realty Portland Premiere : 503-597-2444
Listing Agent:: Eduardo Reyes : 971-282-1806
MLS ID:: 448098199

General: Fenced

Road/Access: Paved
Originating MLS: Regional Multiple Listing ServiceInc.
County: Multnomah

Zoning: EXEAST PORTLANDBLOCK 109LOT 1 EXC PT IN STN 15' OF LOT 2 EXCR150150
View: View
Current Use: CommercialRaw land

Utilities: Electricity availablePublic sewerWater available

Source: Regional Multiple Listing ServiceInc.

This listing courtesy of Eduardo Reyes , Keller Williams Realty Portland Premiere

Monthly Payment

$Est. Payment

Principal & Interest $
Property Taxes $
Home Insurance $
VA Funding Fee $

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Location

Schools Nearby

Buckman Elementary School

320 SE 16th Ave, Portland, OR, 97214

Grades KG-5

0.68 miles away

Le Monde French Immersion Public Charter School

2044 E Burnside St, Portland, OR, 97214

Grades KG-8

0.82 miles away

Benson Polytechnic High School

546 NE 12th Ave, Portland, OR, 97232

Grades 9-12

0.46 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.