4540 S Kelly Ave, Portland, OR 97239
For Sale
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This exceptional three-story creative office building, located at 4540 S Kelly Ave in Portland, Oregon's desirable Johns Landing neighborhood, presents a unique owner-user opportunity. The 8,466 square foot building sits on a 17,799 square foot lot and is currently vacant, offering immediate occupancy. Priced at $2,490,000 ($294.12 per square foot), this property boasts a highly desirable location with easy access to downtown Portland, major bridges, and Interstate 5. The building features nineteen on-site parking spaces, large windows providing abundant natural light, and spectacular views of Mount Hood and the Willamette River. High exposed ceilings add to the creative atmosphere, complemented by a massive outdoor deck perfect for client entertainment. The surrounding area offers numerous shopping and dining options, enhancing the property's appeal. This is an ideal opportunity for a business seeking a prominent and well-appointed space in a vibrant Portland neighborhood. The property is situated in Multnomah County, Oregon, with a zip code of 97239.
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Cohen Richard A MD Physician
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Point B Consultant Advertising Agency
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendProperty tax & assessments
Tax year 2023Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
Similar Nearby for Lease
Property description
Physical attributes from public recordsZoning & alternative use
C02D · Portland, ORPortland. Always verify with local authorities before improvements.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.