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Listed by Acquire Properties • [email protected]
$499,900
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 318030144
HOA Y/N No
Annual Tax Amount $2,630
Property Sub-Type Mixed Use
Property Description
Prime Commercial Development Opportunity in Portland's Woodlawn Neighborhood. Rare opportunity to acquire a level lot located on NE Martin Luther King Jr. Blvd, just south of NE dekum street. The property benefits from excellent visibility and high traffic exposure along MLK Blvd. Its prominent location provides strong exposure to both vehicular and pedestrian traffic, making it an attractive site for a variety of potential commercial or mixed-use development concepts, subject to applicable zoning and city approvals.The lot is currently leased for parking at $1,600 per month, providing an immediate income stream while offering the potential for future redevelopment. The property is conveniently located near public transportation, neighborhood services, restaurants, retail establishments, and other amenities, adding to its long term development appeal.
Location
State OR
County Multnomah
Area _142
Zoning CM2h
Exterior
Utilities Available PublicSewer, WaterAvailable
Garage No
Schools
Elementary Schools Woodlawn
Middle Schools Ockley Green
High Schools Jefferson
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
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Nearby School & Business
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