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488 Main St Springfield, OR 97477

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For Sale
$4,950,000

New mixed-use property with apartments, retail, and live/work spaces.

Lot size:
0.11 Acres

Property Features for 488 Main St

General Information

Standard status
Active
Lot size
0.11 Acres
Exterior features
Membrane
Interior features
Heat Pump

Building Details

Year built
2024

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Listing Contact
Christopher Lazaro
Christopher Lazaro
Source: Kw

Listing Agency: Real Broker LLC Listing Agent: Christopher Lazaro

Displayed information is deemed reliable but is not guaranteed and should be independently verified.

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Property Insight Report

Overview

New Mixed-Use Development in Springfield

Rivett on 5th & Main is a mixed-use development completed in December 2024 in the Eugene/Springfield metro area. The property features 12 townhouse-style apartments on the second floor, along with two retail spaces and one live/work unit. The property is architecturally designed and includes top-of-the-line amenities. There is a 10-year property tax freeze on the apartments, excluding the commercial units. Lease-up has recently begun, and at the asking price, the seller will lease back any apartment unit not leased by closing.
Property Profile Insight Report Location Intelligence

Current Use by Public Records

Live-work space

Suggested Use

Restaurant Real Estate Agency Law Firm Building Supply Spa & Massage Center Dental Office Big Box & Wholesale Store Auto Repair Shop Hair Salon Nail Salon

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

Location Insight

  • Map
  • Local Demand
City
Springfield
County
Lane
State
Oregon
Longitude
-123.0193346
Latitude
44.0463673

FAQs

What type of property is this?
Live-work space - New mixed-use property with apartments, retail, and live/work spaces.
Where is this live-work space located?
The property is located at 488 Main St Springfield, OR.
What is the asking price?
The asking price for this property is $4,950,000.
What are key features of this property?
This property features: - New construction completed December 2024 in the Eugene/Springfield metro area.; - Enjoy a 10-year property tax freeze on apartments.; - Seller will lease back any unleased apartment units at closing.
More about this property
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