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4540 SW Kelly Ave 8,466 SF Office Building Portland, OR 97239 $1,995,000 ($235.65/SF)

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INVESTMENT HIGHLIGHTS

  • Parking for 21 cars, including 2 ADA accessible stalls
  • Views of Mount Hood and the Willamette River from all floors
  • Restrooms with shower facilities
  • Large outdoor deck with direct building access
  • High-end fixtures and finishes in all parts of the building

EXECUTIVE SUMMARY

Ethos Commercial Advisors LLC, as executive advisor, is pleased to present to qualified owner-users the opportunity to acquire the fee-simple interest in a turnkey office property located at 4540 S Kelly Avenue, Portland, Oregon 97239 (the “Property”). The Property comprises approximately 8,466 SF on an approximately 0.41-acre site (+/- 17,779 SF), originally built in 1908 and renovated in 2006. The offering is well suited for a headquarters or office user seeking immediate functionality, ample onsite
parking, and a highly differentiated work environment.
The building features floor-to-ceiling windows, high-end fixtures and finishes, ADA-accessible entry / restrooms, showers, and a large outdoor deck with direct access, creating a compelling setting for both day-to-day operations and client-facing use. Views of Mount Hood and the Willamette River from multiple levels further elevate the workplace experience and brand presence. With up to 21 parking spaces (including ADA) and furniture negotiable, the Property supports a streamlined
move-in for an owner-user.
Located in close-in Southwest Portland near the Macadam / Johns Landing corridor, the Property offers efficient connectivity to Downtown, the South Waterfront, and regional access. The site is identified within the City’s CM2 commercial / mixed-use zoning framework, providing flexibility for a range of office and commercial uses over time.

TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access

ANNUAL ANNUAL PER SF
Taxes - -
Operating Expenses - -

TAXES & OPERATING EXPENSES (ACTUAL - 2026) Click Here to Access

Taxes
Annual -
Annual Per SF -
Operating Expenses
Annual -
Annual Per SF -
Total Expenses
Annual $99,999
Annual Per SF $9.99

PROPERTY FACTS

Sale Type
Owner User
Property Type
Office
Building Size
8,466 SF
Building Class
B
Year Built/Renovated
1908/2006
Price
$1,995,000
Price Per SF
$235.65
Tenancy
Single
Building Height
3 Stories
Typical Floor Size
2,822 SF
Slab To Slab
10’
Building FAR
0.48
Lot Size
0.41 AC
Zoning
C02D
Parking
21 Spaces (2.48 Spaces per 1,000 SF Leased)

AMENITIES

  • Bus Line
  • Signage
Walk Score®
Very Walkable (71)
Bike Score®
Very Bikeable (82)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
R247833
Land Assessment
$0 (2025)
Improvements Assessment
$0 (2025)
Total Assessment
$1,716,440 (2025)
  • Listing ID: 39181340

  • Date on Market: 1/22/2026

  • Last Updated:

  • Address: 4540 SW Kelly Ave, Portland, OR 97239

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