7062 NE M L KING BLVD, Portland, OR 97211

$599,000

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List Price
$599,000
Days on Market
9
MLS#
178362334
Property Type
Land
Lot Size
10, 000 to 14, 999 SqFt
Region
Portland Northeast
Status
ACTIVE

Property Description

Excellent investment and development opportunity! Four platted lots ideally positioned at the corner of Morgan and MLK. Zoned CM2 and located in a high-visibility, high-traffic area. Property currently generates rental income from the car lot tenant, along with billboard income, providing holding income while planning for future development. Contact your agent for developer packet and additional property information. PLEASE DO NOT DISTURB TENANTS.

Additional Information

Tax Amount
$2,918
High School
Jefferson
Elementary School
Woodlawn
Middle School
Ockley Green
Acres
0.23
Property Type
Mixed Use
Terms
Cash, Conventional
View
Territorial
Utilities Included
Electricity Connected, Sewer Connected, Water Connected
Present Use
Commercial, Other
Road Surface
Paved

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Farrell Realty & Property Management, Inc.

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