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Mixed-Use Land for Sale in Portland, Oregon

240 NE M L King Blvd, Portland, OR 97232

$600,000
0.13 acres
Active
ago
Est $5,447/mo

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.

Location

Street address
240 NE M L King Blvd
Elevation
77 feet
Coordinates
45.5247, -122.6613

Property details

Lot size
0.134 acres5,837 sq ft
Zoning
EX
MLS #
RMLS 513305407
Posted

Property taxes

Recent
$16,221 - EAST PORTLAND, BLOCK 109, LOT 1 EXC PT IN ST, N 15' OF LOT 2 EXC

Parcels

  • R150150

Legal description

Details and features

Listing

Type
Land
Franchise
John L. Scott

Lot

View
City

Nearby schools

NameLevelDistrictDescription
BuckmanElementary
HosfordMiddle
ClevelandHigh

Listing history

DateEventPriceChangeSource
Jan 7, 2026New listing$600,000RMLS
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This 0.134-acre property is located at 240 NE M L King Blvd in Portland, OR 97232. The property is available for sale for $600,000.

Checked 8 hours ago — Updated

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