4401 Martin Luther King Jr BlvdPortland, OR 97211

This exceptional 1.54-acre property, located at 4401 NE Martin Luther King Jr Blvd in Portland, Oregon's King District, presents a unique opportunity for owner-users, developers, or investors. The site boasts high visibility on a major thoroughfare with over 58,000 vehicles passing daily. Currently featuring a 34,157 square foot industrial warehouse with office space and 40+ off-street parking spaces, the property is being offered at a significantly reduced price of $5,975,000 ($174.93 per square foot). The existing building offers ample space for immediate occupancy or repurposing. The CM3 zoning allows for a wide range of uses, including retail, office, and residential development, making this a versatile investment. The property's 3:1 base and 5:1 bonus floor area ratio (FAR) provides significant development potential. The parcel's size (67,082 square feet) and the building's existing infrastructure make this a compelling opportunity in a rapidly growing area. The property includes one loading dock and one dock-high door. The Multnomah County Assessor's Parcel Number (APN) is R120833. This is a rare chance to acquire a prime location with significant upside potential. The property will be delivered vacant.