About 240 Ne M L King Blvd
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.
Features of 240 Ne M L King Blvd
| MLS® # | 448098199 |
|---|---|
| Price | $600,000 |
| Bathrooms | 0.00 |
| Acres | 0.14 |
| Type | Land |
| Sub-Type | Mixed Use |
| Status | Active |
Community Information
| Address | 240 Ne M L King Blvd |
|---|---|
| Area | 142 - Portland Northeast |
| City | Portland |
| County | Multnomah |
| State | OR |
| Zip Code | 97232 |
Amenities
| Utilities | Electricity Available, Public Sewer, Water Available |
|---|---|
| View | City |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot, Gated |
|---|
School Information
| Elementary | Buckman |
|---|---|
| Middle | Hosford |
| High | Cleveland |
Additional Information
| Date Listed | January 7th, 2026 |
|---|---|
| Days on Market | 256 |
| Zoning | EX |
| Short Sale | No |
| RE / Bank Owned | No |
Listing Details
| Office | Keller Williams Realty Portland Premiere |
|---|---|
| Contact Info | 503-313-8262 |