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    5Th Ave Eugene, OR 97401

    Sponsored
    For Lease
    Contact for pricing

    Prime Eugene Riverfront Parcel; Ground Lease

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    396
    This exceptional 14,810 square foot commercial land parcel presents a unique ground lease opportunity in Eugene's burgeoning River District. Located on Mill Street, this property (APN 17-03-32-22-02400) is zoned S-DR (Downtown Riverfront Special Area), ideal for retail development. Utilities including water, sewer, electric, natural gas, and fiber connections are readily available at the curb. The site benefits from its strategic location adjacent to 617 planned residential units, the scenic Downtown Riverfront Park, and the popular Ruth Bascom Bike Path. This prime location offers unparalleled access to the Willamette River, a key attraction for residents and visitors alike. The River District's vibrant atmosphere, coupled with the influx of new residents from the nearby housing development, creates a strong foundation for a thriving retail business. This is a rare chance to be part of Eugene's most exciting and rapidly developing area, capitalizing on the significant growth and potential of this dynamic riverfront location. The property's direct river access and proximity to amenities make it an exceptional investment opportunity for forward-thinking developers seeking to establish a presence in a thriving, amenity-rich neighborhood. This is a truly remarkable opportunity to establish a retail presence in a rapidly growing and highly desirable area of Eugene.

    Property Features for 0 5Th Ave

    General Information

    Property type
    Land
    Lease Type
    Gross Lease

    Unit(s) available at that property

    Space
    Size
    0 SF

    HighLights

    • 14,810 SF ground lease parcel, ideal for retail development.
    • Parcel 6, Map & Tax Lot 17‑03‑32‑22‑02400, zoned S‑DR (Downtown Riverfront Special Area).
    • Utilities (water, sewer, electric, natural gas, fiber) available at the curb.
    • Adjacent to 617 planned residential units, Downtown Riverfront Park, and Ruth Bascom Bike Path.
    • Prime location in the Eugene River District, offering direct river access and proximity to new residential development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.08736970368
    Latitude
    44.054335074306

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    FAQs

    What type of property is this?
    Land - Prime Eugene Riverfront Parcel; Ground Lease
    Where is this land located?
    The property is located at 5Th Ave Eugene, OR.
    What are key features of this property?
    This property features: 14,810 SF ground lease parcel, ideal for retail development.; Parcel 6, Map & Tax Lot 17-03-32-22-02400, zoned S-DR (Downtown Riverfront Special Area).; Utilities (water, sewer, electric, natural gas, fiber) available at the curb.
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    5Th Ave Eugene, OR 97401
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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
    5Th Ave Eugene, OR 97401
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