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3620 NE M L King Blvd, Portland
$700,000
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- Lot size
- 9,017 sqft
- Property type
- Land
- Days on market
- 248
Overview
Seize a rare opportunity to acquire 9,000 square feet of high visibility development land along the NE Martin Luther King Jr. Boulevard corridor. Comprised of three separate tax lots and zoned CM2, the site supports potential for a wide range of higher density residential, retail, office, and mixed use development potential. With strong street presence and consistent daily traffic exposure, the property is well positioned for a mixed use concept featuring active ground floor retail with residential above. Strategically located with convenient access to major arterials, public transit, and approximately one mile from Legacy Emanuel Hospital. Surrounding development activity, neighborhood amenities, and proximity to central Portland employment hubs further reinforce the long term fundamentals of this location. Buyer to perform all due diligence with the City regarding development capacity.
Details
Interior
- Cooling
- No
- Heating
- No
Exterior and lot
- Lot size
- 9,017 sqft
- View
- No
Schools
- High school
- Jefferson
- Middle school
- Harriet Tubman
- Elementary school
- Sabin
Location
- City
- Portland
- County
- Multnomah
- Zoning
- CM2
Location
3620 NE M L King Blvd, Portland, OR 97212
Monthly payment estimate
$4,251 /mo
- Principal and interest
- $3,726
- Property tax (estimated)
- $525
- Total
- $4,251
Estimate only, and not an offer of credit. Assumes 20% down ($140,000) and a 30-year fixed rate at 7.00%. Property tax is estimated at 0.90% of the purchase price, because this listing carries no assessed figure; Oregon assesses on a capped assessed value rather than the sale price, so the real bill will differ. Rates change daily. Insurance and mortgage insurance are not included. Speak to a lender for terms that apply to you.
