Investment Overview

Marcus & Millichap is pleased to present for sale the land and buildings located at 7606 NE Martin Luther King Jr. Boulevard in Portland, Oregon. This 1.58-acre offering covers seven parcels including: 1N1E11CC 00700, 1N1E11CC 00800, 1N1E11CC 00900, 1N1E11CC 01200, 1N1E11CC 01300, 1N1E11CC 01400, and 1N1E11CC 01500 zoned Commercial Employment (CE), suitable for retail, office, vehicle repair, limited manufacturing, and more, and General Industrial 2 (IG2), suitable for manufacturing, warehouses, industrial service, and more. This property is close to Portland International Airport (PDX), the Vancouver Waterfront, Portland International Raceway, and the Oregon Humane Society. The area experiences significant traffic on NE Martin Luther King Jr Boulevard and Highway 99E (17,500 vehicles per day), NE Lombard Street (26,300 vehicles per day), and NE Columbia Boulevard (25,200 vehicles per day). The offering includes two structures, a +/- 19,500 square foot concrete block split-level building suitable for remodeling and a separate 3,950 square foot building used for storage. Square footage should be measured and confirmed by the Buyer. The roof has received repairs when needed. The property was cleaned for prior hazardous materials cleanup and has received an Oregon Department of Environmental Quality a No Further Action Letter (NFA). The Seller has indicated that there is potential for the property to be redeveloped as housing and that the City of Portland would support such change of land use. The Buyer should check with the City of Portland if interested.