409 SE Martin Luther King Jr Blvd - Supermarket FOR SALE


Portland, OR 97214- Central Eastside
$2,975,000 USD
503-724-3540
409 SE Martin Luther King Jr Blvd, Portland, OR for Sale
$2,975,000 USD
Supermarket - FOR SALE
1/9
null | Request Cap Rate

409 SE Martin Luther King Jr Blvd
Portland, OR 97214
Central Eastside


HIGHLIGHTS

  • High-visibility corner location on SE MLK Jr. Blvd with strong traffic counts.
  • Flexible EXd zoning allows for commercial, residential, or mixed-use projects.
  • ±12,484-square-foot building includes showroom, warehouse, and mezzanine.
  • Central Eastside location minutes from downtown and major Portland bridges.
  • On-site parking with additional extensive street parking availability.
  • Future redevelopment potential with 6:1 FAR and 100-foot base height limit.

OVERVIEW

Rare opportunity to acquire one of Portland’s most recognized properties within the vibrant Central Eastside. Formerly home to Sheridan Fruit Co., this 18,000-square-foot corner site offers unmatched visibility and excellent access along SE Martin Luther King Jr. Boulevard, a key arterial with heavy traffic counts. The property features a ±12,484-square-foot building with showroom and warehouse space, dock-high loading, and on-site parking. Zoned EXd (Central Employment with Design Overlay), the site supports a wide range of commercial, residential, and mixed-use redevelopment opportunities with a 6:1 FAR allowing up to 108,000 square feet of building area. Its convenient location near downtown Portland, major bridges, Interstate 5, and Burnside Bridgehead makes it a prime candidate for future repositioning or adaptive reuse. With flexible zoning and strong surrounding demographics, this asset delivers exceptional potential for owner/users and investors looking to participate in Portland’s ongoing urban transformation. Offered at $2,975,000.

FOR SALE DETAILS

PRICE

$2,975,000 USD

PRICE/SF

$238 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Single

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Supermarket

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1929

SPRINKLERS

-

PARKING SPACES

17

LAND DETAILS

CROSS STREETS

se oak street

LAND ACRES

0.41 AC

LAND SF

17,860 SF

ZONING

EXD

APN/PARCEL ID

R150041

ASK ABOUT THIS PROPERTY

David HillKidder MathewsMore Info
503-724-3540

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David HillKidder MathewsMore Info
503-724-3540

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.