LEED Gold Office
For Sale
Contact for pricing
1515 SE Water Ave, Portland, OR 97214
Four-story Class B office building with LEED Gold certification, flexible mezzanine space, and 176 parking stalls.
Property Size99,999 SF
Lot Size3.63 Acres
Days on Market374
Property Features for 1515 SE Water Ave
General Information
Standard status
Active
Size
99,999 SF
Class
Class B
Total Parking Spaces
176
Lot size
3.63 Acres
Property subtype
OFFICE
Additional Details
Business Included
No
Amenities
LEED Gold certified
river views
Building Details
Year Renovated
2006
Stories
4
Listing Agency:
JLL | Portland
(503) 972-8091
Listed By:
Zach Kersten · License #B.930100005
(503) 417-5586
Source:
Moodyscre
Added: Jul 22, 2025
Changed: Jul 28
Last Checked: Jul 29 at 12:25PM
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 JLL | Portland
Investment Insights
Based on property information with market context.
River East Center is a four-story Class B office building that has been LEED Gold certified. Renovated in 2006, the property offers efficient floor plates of approximately 37,000 rentable square feet on the first and third floors, along with flexible mezzanine space suitable for single or multi-tenant use. The building’s open layouts feature generous window lines, abundant natural light, and river views.
The property is located at 1515 SE Water Ave in Portland’s Close-In Eastside submarket and sits on 3.63 acres. River East Center is currently known for its use as the headquarters for Mackenzie Engineering since 2007, and it provides 176 parking stalls.
On-site parking and adaptable interior space support a range of office configurations within the building’s four-story structure.
The property is located at 1515 SE Water Ave in Portland’s Close-In Eastside submarket and sits on 3.63 acres. River East Center is currently known for its use as the headquarters for Mackenzie Engineering since 2007, and it provides 176 parking stalls.
On-site parking and adaptable interior space support a range of office configurations within the building’s four-story structure.
Key Highlights
- LEED Gold certified, four‑story Class B office building with 99,999 rentable SF
- Situated on 3.63 acres with efficient ~37,000 SF floor plates on the first and third floors
- Flexible mezzanine space for single- or multi‑tenant use
Property Analytics
Current Use
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
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 - Four-story Class B office building with LEED Gold certification, flexible mezzanine space, and 176 parking stalls.
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 office building with 99,999 rentable SF; Situated on 3.63 acres with efficient ~37,000 SF floor plates on the first and third floors; Flexible mezzanine space for single- or multi‑tenant use
