3625 NE M L KING BLVD Portland, OR $ 1,495,000
3625 NE M L KING BLVD
$ 1,495,000
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3625 NE M L KING BLVD

Portland, OR, 97212
$ 1,495,000
Baths0.0 Sq 8,695

Monthly Estimate*

$ 10,443

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Studio

Commercial Property for sale in Portland, OR

for $1,495,000. This 8,695 square foot building was built in 2023 on a lot size of 0.2.

This food-cart pod is a wonderful investment for anyone looking for a cash flowing property with tremendous development potential given the CM2 zoning. Perfectly nestled between the Alameda, Irvington, and Boise neighborhoods in NE Portland, the property generously produces income as a food cart pod, but has great upside as a mixed use development. As a food cart pod, the site can comfortably fit 10 carts, has all utilities required to be up to current code (water, sewer, power, in-ground grease interceptor, etc) and makes for an attractive location for food-service tenants. This property makes financial sense to be kept as a food cart pod and also for future development. Seller would consider carrying a note under the right circumstances.

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Commercial Active

Price

$ 1,495,000

Bedrooms

Studio

Property Type

Commercial

Taxes

$ 2,243

Style

Commercial

Lot Size

0.2

Year Built

2023

Town/City

Portland

County/Region

Multnomah

MLS | Web ID

24343258

Features
General
Sewer PublicSewer
Heating None
Roof Other Rubber
Zoning CM2
Construction Materials Cedar MetalFrame
Year Built 2023
Sale Includes Building Equipment Land
Property SubType Commercial
Tax Year 2023
Current Use FoodService Other Restaurant
Gross Income 150000.0
County Multnomah
Operating Expense 54000.0
Property Type CommercialSale
Status Active
Directions NE MLK JR Blvd and Beech St
City Portland
MLS Area _142
Lot Size Square Feet 8712.0
Street Name M L KING
Listing Terms Assumable Cash Contract Conventional SellerWillSubordinate Trade
Tax Annual Amount 2243.38
Property Condition Approximately
Days on Market 104
Lease Type YearsRemaining1to5 MonthToMonth
Standard Status Active
Lease Amount 12500.0
Legal Description ALBINA HMSTD BLOCK 5 LOT 1 N 33 1/3' OF LOT 2
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Exterior
Parking Features OnStreet
Water Source PublicWater
Building Area Total 8695.0
Lot Size Acres 0.2
Road Surface Type Paved
Other Equipment Fixtures
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Interior
Street Suffix BLVD
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Internal Only
Street Number 1 3625
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* Excluded Features
List By
Ianos Realty

Broker

alex@ianosrealty.com

Email

Affordability Calculator

$10,630
Per Month
98%
2%
0%
Monthly Principal & Interest
$10,443
Monthly Property Taxes
$187
Monthly Home Insurance
--
Default based on a 30-year fixed rate of 7.49% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.
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The time to sell is now
THE TIME TO SELL IS NOW!
Nearby
1949264 Elementary School
1949174 Middle School
Unknown High School High School
Pricing History
DatePricePrice ChangeDescription
1/16/2024$1,495,000 Listed Price

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3625 NE M L KING BLVD, Portland, OR, 97212 is a Commercial Property for sale at $1,495,000 with 8,695 sqft and a lot size of 0.2. 3625 NE M L KING BLVD is a studio with 0.0 baths and was built in 2023. The property's zip code is 97212 which is in Portland, OR