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    4747 Kelly Ave Portland, OR 97239

    Sponsored
    For Sale
    $2,370,000

    Vacant 6,681 SF Office, High Visibility

    Property size:
    6,681 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6,681 square foot traditional office building, located at 4747 S Kelly Avenue in Portland, Oregon, presents a compelling investment opportunity. Priced at $2,370,000 ($354.74/SF), the property boasts a vacant tenancy, offering immediate occupancy for an owner-user or the potential for substantial rental income through leasing to multiple tenants. The building sits on a 17,680 square foot lot and features ample parking with 15 spaces. Its CM2 zoning provides flexibility for a variety of uses. The property enjoys excellent visibility from S Macadam Avenue/Highway 43, ensuring high traffic exposure and brand recognition. Its strategic location offers close proximity to the OHSU South Waterfront Campus, providing easy access to a large pool of potential tenants and employees. Furthermore, its convenient access to major freeways and downtown Portland enhances its appeal and accessibility. The flexible layout allows for customization to suit diverse business needs, whether a single occupant desires the entire space or a landlord seeks to maximize rental income by dividing the space for multiple tenants. This property represents a rare opportunity to acquire a well-located, versatile office building in a thriving Portland neighborhood.

    Property Features for 4747 Kelly Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    6,681 SF

    HighLights

    • High visibility from S Macadam Avenue and Highway 43.
    • Excellent proximity to OHSU South Waterfront Campus.
    • Convenient freeway access and close to downtown Portland.
    • Flexible floor plan suitable for owner‑occupancy or multi‑tenant leasing.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial Finance Group Financial Institution

    Suggested Use

    Realty agency Restaurant Law Firm Spa & Massage Hair Salon Dental Office Nail Salon Clothing Store Building Supply Gym & Fitness

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Portland
    County
    Multnomah
    State
    Oregon
    Longitude
    -122.675183
    Latitude
    45.4888734

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    FAQs

    What type of property is this?
    Office Property / Space - Vacant 6,681 SF Office, High Visibility
    Where is this office property / space located?
    The property is located at 4747 Kelly Ave Portland, OR.
    What is the asking price?
    The asking price for this property is $2,370,000.
    What are key features of this property?
    This property features: High visibility from S Macadam Avenue and Highway 43.; Excellent proximity to OHSU South Waterfront Campus.; Convenient freeway access and close to downtown Portland.
    (503) 222-5100
    Request Owner's contact information
    4747 Kelly Ave Portland, OR 97239
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    Portland, OR 97239
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    4747 Kelly Ave Portland, OR 97239
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