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LEED Gold Certified Office Building

1515 SE Water Ave, Portland, OR

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For Sale

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Four-story Class B office building in Portland's Eastside Submarket.

Type:RETAIL

Property size:

99,999 SF

Lot size:

1.02 Acres

HighLights

LEED Gold certified, four‑story Class B building with 99,999 rentable square feet.
Benefit from 176 parking stalls, a highly coveted amenity within the Urban Core.
Located in Portland’s dynamic Close‑In Eastside Submarket, near trendy restaurants, cafes, and clubs.
Efficient floor plates measuring approximately 37,000 square feet on the first and third floors.
Enjoy open layouts, generous window lines, and abundant natural light.
Flexible mezzanine space for single or multi‑tenant use.

We can help!

Listing Contact

Lee Morrison

For Sale

Contact for pricing

Four-story Class B office building in Portland's Eastside Submarket.

Type:RETAIL

Property size:

99,999 SF

Lot size:

1.02 Acres

Added:: Jul 22, 2025
Days on Market:: 326
Last Refresh:: May 20 at 8:13 pm

Property Features for 1515 SE Water Ave

General Information

Standard status: Active
Size: 99,999 SF
Lot size: 1.02 Acres
Property subtype: RETAIL

We can help!

Listing Contact

Lee Morrison

Listing agent Lee Morrison License #B.930100005

Listing office Lincoln Property Company | Portland

Listing date Jul 22, 2025

Source Moodyscre

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

HighLights

LEED Gold certified, four‑story Class B building with 99,999 rentable square feet.
Benefit from 176 parking stalls, a highly coveted amenity within the Urban Core.
Located in Portland’s dynamic Close‑In Eastside Submarket, near trendy restaurants, cafes, and clubs.
Efficient floor plates measuring approximately 37,000 square feet on the first and third floors.
Enjoy open layouts, generous window lines, and abundant natural light.
Flexible mezzanine space for single or multi‑tenant use.

Overview

River East Center is a four-story, Class B office building located in Portland’s Close-In Eastside Submarket. The building, which is LEED Gold certified, offers 99,999 rentable square feet. Situated on 3.63 acres, the property was renovated in 2006 and features floor plates measuring approximately 37,000 square feet on the first and third floors. The building also includes flexible mezzanine space suitable for single or multi-tenant use, open layouts, generous window lines, abundant natural light, and river views. There are 176 parking stalls available. The property has served as the headquarters for Mackenzie Engineering since 2007. It is located near restaurants, cafes, and clubs.

Property Profile Location Intelligence

Current Use by Public Records

Viewpoint (Bike/Boat/Book/etc) Store Wasabi Paddling Club Boat Club RiverEast Center Rowing Club Mackenzie Civil Engineer Coaxis Inc (Bike/Boat/Book/etc) Store

Suggested Use

Location Insight

Map
Local Demand

City: Portland
County: Washington
State: Oregon
Longitude: -122.666
Latitude: 45.5119

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For sale
Office buildings
OR
Portland
1515 SE Water Ave

What type of property is this?

Office building - Four-story Class B office building in Portland's Eastside Submarket.

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: LEED Gold certified, four‑story Class B building with 99,999 rentable square feet.; Benefit from **176 parking stalls**, a highly coveted amenity within the Urban Core.; Located in Portland’s dynamic Close‑In Eastside Submarket, near trendy restaurants, cafes, and clubs.

1515 SE Water Ave, Portland, OR

Four-story Class B office building in Portland's Eastside Submarket.

Property Features for 1515 SE Water Ave

General Information

We can help!

HighLights

Overview

Current Use by Public Records

Suggested Use

Location Insight

Nearby Similar for Sale

Six-Unit Apartment Community

Single-Level Fourplex with Garages

Detached Cottage Multifamily Portfolio

Modern 4-Unit Residential Property

New Construction Cottage Portfolio

New Multifamily Investment by Park

Versatile Commercial Property with Warehouse

1907 Duplex with Separate Entrances

Rose City Park Multifamily Investment

New Cottage Homes in Beaumont-Wilshire

Four-Unit Residential Income Property

Craftsman Triplex with Three Meters

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