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Renovated Office Building in Johns Landing
For Lease
$30 SF/Yr

4640 South Macadam Avenue, Portland, OR 97239

Newly renovated office building in a unique riverside setting.

Space SizeContact for details
Days on Market273

Property Features for 4640 South Macadam Avenue

General Information

Standard status Active
Property subtype Office
Listing Agency: CBRE | Portland
Listed By: Joe Beehler
Source: Cbre
Added: Nov 22, 2025 Changed: Aug 12 Last Checked: Aug 22 at 1:44PM

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 CBRE | Portland

Investment Insights

Based on property information with market context.

This newly renovated office building is situated in a unique riverside setting within Johns Landing. The building features updated systems and finishes. It offers a bike-friendly environment, complete with storage, shower, and locker facilities. The property is set in a park-like environment with access to biking, walking, and running paths. It provides easy access to freeways and the Portland Streetcar, and is located minutes from Downtown Portland and Lake Oswego. Neighboring amenities include restaurants, retail options, a hotel, a gym, and other professional services. The intended use of the property is for office purposes.

Key Highlights

  • Unique riverside setting in Johns Landing
  • Newly renovated building with updated systems and finishes
  • Easy access to freeways and the Portland Streetcar, minutes to Downtown Portland and Lake Oswego

Property Analytics

Current Use

GeTein Medical Clinic Paragon BioTeck Factory SUTUREGARD Medical, Inc. Production Facility Dan R. Summerfeldt, ... Loan Service Stacy C. Yost, ... Loan Service

Suggested Use

Top Pick Building Supply Auto Parts Store Storage Facility HVAC Service Auto Repair Shop Electrical Service

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Lease Details

NNN (Triple Net)
Lease Type
$4.50 /SF/Yr
CAM

Location Intelligence

Trade Area within ½ mile

1,693
Businesses Nearby

Demographics for 97239, OR

18,323
Population
9,963
Households
1.8
Avg Household Size
39
Median Age
74%
College-Educated
99%
High-School Grad
3.6 sq mi
ZIP Area
5,090
Density / Sq Mi
$108,795
Median Household Income
$67,384
Median Earnings
$1,749
Median Rent
$713,100
Median Home Value

Market

Lease Benchmarks for Portland, OR

$34.07 /SF/Yr
Avg Asking Price
$12–$180 /SF/Yr
Price Range
26,474 SF
Avg Space Size

This space is priced 12% below the average of $34.07 /SF/Yr.

Vacancy Rate% for Office in Portland, OR

10.1% 2019
12.3% 2020
16.1% 2021
18.5% 2022
20.8% 2023
21.7% 2024
24.3% 2025
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Frequently Asked Questions

What type of property is this?
Office building - Newly renovated office building in a unique riverside setting.
Where is this office building located?
The property is located at 4640 South Macadam Avenue Portland, OR.
What is the lease rate?
The lease rate is $30 SF/Yr.
What are key features of this property?
This property features: Unique riverside setting in Johns Landing; Newly renovated building with updated systems and finishes; Easy access to freeways and the Portland Streetcar, minutes to Downtown Portland and Lake Oswego
More about this property
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