LEED Gold Certified Office
For Sale
Contact for pricing
1515 SE Water Ave, Portland, OR
Four-story Class B office building in Portland's Eastside Submarket.
Property Size99,999 SF
Lot Size1.02 Acres
Days on Market451
Property Features for 1515 SE Water Ave
General Information
Standard status
Active
Size
99,999 SF
Lot size
1.02 Acres
Property subtype
RETAIL
Properties For Sale
at 1515 SE Water Ave Contact us1515 SE Water Ave AVAILABLE, Now
Floor
1
Size
16,850 SF
Type
OFFICE
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 River East AVAILABLE, Now
Floor
1
Size
777 SF
Type
RETAIL
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 1515 SE Water Ave AVAILABLE, Now
Floor
3
Size
38,771 SF
Type
OFFICE
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 1515 SE Water Ave AVAILABLE, Now
Floor
4
Size
12,812 SF
Type
OFFICE
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: Jul 22, 2025
Changed: Oct 9
Last Checked: Oct 12 at 8:14PM
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 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.
Key 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.
Property Analytics
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5,927
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Vacancy Rate% for Office in Portland, OR
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Frequently Asked Questions
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.
