Creative Office and Retail
1515 SE Water Ave, Portland, OR 97214
For Lease
Contact for pricing
Renovated mixed-use center offers creative office and retail space with secured bike storage and showers.
Space Size12,812 SF
Days on Market729
Property Features for 1515 SE Water Ave
General Information
Standard status
Size
Property subtype
Occupancy
Site & Location
Neighborhood
Highway Access
Amenities
Bike Storage
Energy Star
Showers
LEED GOLD (Core and Shell)
River and City Views
8 EV Chargers
Building Details
Year Built
Year Renovated
Spaces For Lease
at 1515 SE Water Ave
1515 SE Water Ave
AVAILABLE, Now
Floor
4
Size
12,812 SF
Type
OFFICE
Rate
Contact for pricing
Sublease
No
- River East Center is a premier creative office and retail property located on the eastside of Portland, Oregon adjacent to the Hawthorne Bridge. Originally constructed in 1952, the abandoned warehouse property was renovated in 2006 and features sustainable stormwater systems that prevent sewer overflows into the Willamette River with a gravel channel located at the base of the building that collects water runoff. Interior finishes include sealed concrete, carpeting, and ceramic tile. River East Center is LEED Gold certified, reflecting the property’s sustainable design principles. On average, the property rents increase 3% annually and maintains a 100% occupancy rate.
- 1.5/1000 parking ratio
- Bike Storage
- Energy Star
- Showers
- LEED GOLD (Core and Shell)
- River and City Views
- 8 EV Chargers
- Excellent access to CBD, I-405, I-5 and I-84
Contact us
Listing Agency:
Lincoln Property Company | Portland
(503) 224-1193
Listed By:
Lee Morrison
(916) 716-9534
Source:
Moodyscre
Added: Nov 15, 2024
Changed: Nov 5
Last Checked: Nov 12 at 8:55AM
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
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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
Who owns this building?
See the owner, sales and loan history
Open 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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Lease Benchmarks for Portland, OR
$30.56 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
29,438 SF
Avg Space Size
Properties on Market for Office buildings in Portland
Vacancy Rate% for Office in Portland, OR
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
