James & Angie Smith

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Listing provided courtesy of Keller Williams Realty Portland Premiere- MLS# 448098199MLS ProviderContact Information: 971-282-1806

240 NE M L KING BLVDPortland, OR 97232

Vacant Land
$600,000 Active

240 NE M L KING BLVD Overview

Time on Site:
145 days
Visits:
0

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.

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240 NE M L KING BLVD Facts & Features

  • Type Vacant Land

Details

General

School Information

  • Elementary School: Buckman
  • Middle Or Junior School: Hosford
  • High School: Cleveland

Business Information

  • Current Use: Commercial,RawLand

Location/Region

  • Country: US
  • County Or Parish: Multnomah
  • MLS Area Major: 142 - Portland Northeast

Tax Information

  • Tax Annual Amount: 16220.75

General Information

  • Disclosures: Disclosure
  • Listing Terms: Cash,Conventional
  • Parcel Number: R150150
  • Property Sub Type: Mixed Use
  • Property Type: Land
  • Zoning: EX

Interior

Exterior

Lot Information

  • Lot Features: Corner Lot,Gated
  • Road Surface Type: Paved

General Information

  • Other Structures: Fenced
  • Utilities: ElectricityAvailable,PublicSewer,WaterAvailable

240 NE M L KING BLVD Neighborhood

Community

97232 (Portland) Demographics

35
Median Age
7,421
Population Density (per sq. mile)
69%
College Educated
$59,109
Estimated Median Income
2,033
Estimated Total Home Owners
5,963
Estimated Total Renters
25% / 75%
Estimated Owner / Renter Divide
2
Estimated Average Household Size
Community data courtesy of LiveBy, Inc.

Schools

School data courtesy of LiveBy, Inc. School ratings are based on a scale of 1-5, with 5 being the highest rating and 1 being the lowest rating.

240 NE M L KING BLVD Monthly Cost

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* All calculations are estimates and provided by Reliance Network, for informational purposes only. Actual amounts may vary. ** Assumes 6.50% APR, 20% down payment, and conventional 30-year fixed rate first mortgage. Rates cited are for instructional purposes only; current rates are subject to change at any time without notice. You should not make any decisions based simply on the information provided. Additional required amounts such as taxes, insurance, homeowner association dues, assessments, mortgage insurance premiums, flood insurance or other such required payments should also be considered. Contact your mortgage company for current rates and additional information. Any mortgage broker or insurance agent that may appear is independent and is not affiliated with, endorsed by, or provided by the MLS.

240 NE M L KING BLVD Market Data

Based on the last 30 days in this zip code

$589,149
Average List Price
$340
Average Price per Square Foot
6
Properties Sold
87
Average Days on Market
43
Properties for Sale
Calculations provided by Reliance Network

240 NE M L KING BLVD History

Date Event Value Agent
2/5/2026Source: Regional MLS Added to Database
February 05, 2026