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.
Active
$600,000
240 NE M L King Blvd, Portland, OR 97232
--beds
0baths
--sqft
Unimproved Land
Built in ----
-- sqft lot
$-- Zestimate®
$--/sqft
$-- HOA
What's special
Strong visibilityExcellent freeway accessPrime urban infill location
- 193 days |
- 109 |
- 2 |
Zillow last checked:
Listing updated:
Listed by:
Eduardo Reyes 971-282-1806,
Keller Williams Realty Portland Premiere,
Lake Shovoly 503-704-0919,
Keller Williams Realty Portland Premiere
Source: RMLS (OR),MLS#: 448098199
Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Property
Features
- Fencing: Fenced
- Has view: Yes
- View description: City
Lot
- Features: Corner Lot, Gated, Level, SqFt 5000 to 6999
Details
- Parcel number: R150150
- Zoning: EX
Utilities & green energy
- Utilities for property: Electricity Available, Water Available
Community & HOA
HOA
- Has HOA: No
Location
- Region: Portland
Financial & listing details
- Annual tax amount: $16,220
- Date on market: 1/7/2026
- Listing terms: Cash,Conventional
- Road surface type: Paved
Estimated market value
Not available
Estimated sales range
Not available
Not available
Price history
| Date | Event | Price |
|---|---|---|
| 2/5/2026 | Listed for sale | $600,000 |
Source:  RMLS (OR) #448098199 Report a problem | ||
Public tax history
Tax history is unavailable.
Monthly payment
Climate risks
Neighborhood: Kerns
Nearby schools
GreatSchools rating
- 8/10Buckman Elementary SchoolGrades: K-5Distance: 0.7 mi
- 8/10Hosford Middle SchoolGrades: 6-8Distance: 1.7 mi
- 7/10Cleveland High SchoolGrades: 9-12Distance: 2.1 mi
Schools provided by the listing agent
- Elementary: Buckman
- Middle: Hosford
- High: Cleveland
Source: RMLS (OR). This data may not be complete. We recommend contacting the local school district to confirm school assignments for this home.
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A local agent can set up tours, give advice and negotiate with sellers.
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