4401 Martin Luther King Jr BlvdPortland, OR 97211

For Sale
$5,975,000

Portland Flex Warehouse, Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
94
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.

Highlights

  • Reduced price: $5,975,000 (previously $6,500,000).
  • 1.54-acre lot (67,082 square feet).
  • 34,157-square-foot building ($175 per square foot).
  • 3:1 base FAR, 5:1 bonus FAR.

Property Details for 4401 Martin Luther King Jr Blvd

Property type
Other warehouses, Other industrial properties
Square Feet
34,157 SF
Buildings
1
Stories
2
Lot Size (sq. ft)
67,082 SF

Location Insight

City
Portland
County
Multnomah
State
Oregon
Latitude
45.55457732
Longitude
-122.6624127
4401 Martin Luther King Jr Blvd, Portland, Oregon

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4401 Martin Luther King Jr Blvd
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