Log In/Sign Up
Your email has been sent.
409 SE Martin Luther King Jr Blvd
Portland, OR 97214
Retail Property For Sale
Investment Highlights
- High-visibility corner location on SE MLK Jr. Blvd with strong traffic counts.
- ±12,484-square-foot building includes showroom, warehouse, and mezzanine.
- On-site parking with additional extensive street parking availability.
- Flexible EXd zoning allows for commercial, residential, or mixed-use projects.
- Central Eastside location minutes from downtown and major Portland bridges.
- Future redevelopment potential with 6:1 FAR and 100-foot base height limit.
Executive Summary
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.
Property Facts
Sale Type
Owner User
Property Type
Retail
Property Subtype
Supermarket
Building Size
12,484 SF
Building Class
C
Year Built/Renovated
1929/1973
Price
$4,216,854 CAD
Price Per SF
$337.78 CAD
Tenancy
Single
Building Height
2 Stories
Loading Docks
2 Exterior
Building FAR
0.70
Lot Size
0.41 AC
Opportunity Zone
Yes
Zoning
EXD
Parking
17 Spaces (1.55 Spaces per 1,000 SF Leased)
Frontage
100’ on Martin Luther King Jr Blv
Amenities
- Bus Line
- Metro/Subway
- Pylon Sign
- Signage
Property Taxes
| Parcel Number | R150041 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $1,289,110 CAD |
Property Taxes
Parcel Number
R150041
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$1,289,110 CAD
1 of 10
Videos
Matterport 3D Exterior
Matterport 3D Tour
Photos
Street View
Street
Map
