Creative Office and Retail
For Lease
Contact for pricing
1515 SE Water Ave, Portland, OR 97214
Renovated mixed-use center offers creative office and retail space with secured bike storage and showers.
Space Size12,812 SF
Days on Market633
Property Features for 1515 SE Water Ave
General Information
Standard status
Active
Size
12,812 SF
Property subtype
OFFICE
Occupancy
100%
Additional Details
Highway Access
Yes
Amenities
Bike Storage
Energy Star
Showers
LEED GOLD (Core and Shell)
River and City Views
8 EV Chargers
Building Details
Year Built
1952
Year Renovated
2006
Spaces For Lease
at 1515 SE Water Ave Contact us- Floor
- 4
- Size
- 12,812 SF
- Type
- OFFICE
- Rate
- Contact for pricing
- Availability
- AVAILABLE, Now
- Sublease
- No
1515 SE Water Ave
- River East Center is a premier creative office and retail property located on the...
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Contact us
Listing Agency:
Lincoln Property Company | Portland
(916) 716-9534
Listed By:
Lee Morrison
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Aug 8
Last Checked: Aug 9 at 11:46AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Lincoln Property Company | Portland
Investment Insights
Based on property information with market context.
River East Center is a creative office and retail property originally constructed in 1952 and renovated in 2006. The building features interior finishes including sealed concrete, carpeting, and ceramic tile, along with sustainable stormwater systems designed to help prevent sewer overflows. The property includes a gravel channel at the base of the building that collects runoff, and it is LEED Gold certified (Core and Shell).
Amenities and site features include bike storage, showers, Energy Star, and eight EV chargers. The property also offers river and city views. Parking is available at a 1.5/1,000 parking ratio, and it provides access to the CBD and major routes including I-405, I-5, and I-84.
Available uses within the property are office and retail, with the creative-oriented buildout supported by the existing interior finishes and modern sustainability improvements.
Amenities and site features include bike storage, showers, Energy Star, and eight EV chargers. The property also offers river and city views. Parking is available at a 1.5/1,000 parking ratio, and it provides access to the CBD and major routes including I-405, I-5, and I-84.
Available uses within the property are office and retail, with the creative-oriented buildout supported by the existing interior finishes and modern sustainability improvements.
Key Highlights
- River East Center is LEED Gold certified (Core and Shell) and includes sustainable stormwater systems designed to prevent sewer overflows into the Willamette River
- Originally built in 1952 and renovated in 2006, featuring sealed concrete, carpeting, and ceramic tile interior finishes
- Creative office and retail mixed‑use property with secured bike storage and showers
Property Analytics
Current Use
Lease Details
100%
Occupancy
Yes
Highway access
NNN (Triple Net)
Lease Type
Location Intelligence
Trade Area within ½ mile
5,927
Businesses Nearby
Explore this area
Business Placement
Demographics for 97214, OR
28,403
Population
15,948
Households
1.8
Avg Household Size
36
Median Age
67%
College-Educated
98%
High-School Grad
2.9 sq mi
ZIP Area
9,794
Density / Sq Mi
$86,879
Median Household Income
$55,643
Median Earnings
$1,628
Median Rent
$733,200
Median Home Value
Market
Lease Benchmarks for Portland, OR
$35.88 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
22,034 SF
Avg Space Size
Vacancy Rate% for Office in Portland, OR
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Office building - Renovated mixed-use center offers creative office and retail space with secured bike storage and showers.
Where is this office building located?
The property is located at 1515 SE Water Ave Portland, OR.
What are key features of this property?
This property features: River East Center is LEED Gold certified (Core and Shell) and includes sustainable stormwater systems designed to prevent sewer overflows into the Willamette River; Originally built in 1952 and renovated in 2006, featuring sealed concrete, carpeting, and ceramic tile interior finishes; Creative office and retail mixed‑use property with secured bike storage and showers
