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    171 Washington St Eugene, OR 97401

    Sponsored
    For Sale
    $750,000

    0.48-acre commercial lot, ready to build.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 0.48-acre commercial lot at 171 Washington Street in Eugene, Oregon, presents a unique investment opportunity. Located in the Special Whiteaker (S-W) zone, this property offers unparalleled flexibility for diverse development projects. The zoning permits multifamily, commercial, and industrial uses, catering to a wide range of potential ventures. The lot boasts a highly desirable corner location with convenient alley access, simplifying logistics and construction. Significant groundwork has already been completed, including grading and utility availability, saving considerable time and expense for future development. A substantial investment has already been made, with over $90,000 in transferable System Development Charges (SDCs) already paid, representing a significant cost savings for the buyer. This prime location in the heart of Eugene, coupled with its versatile zoning and pre-existing infrastructure, makes this property an exceptional opportunity for developers seeking a strategic foothold in a thriving market. The asking price is $750,000. The property's address is 171 Washington St, Eugene, OR 97401, and is situated in Lane County.

    Property Features for 171 Washington St

    General Information

    Property type
    Multifamily properties
    Lot Size
    20,909 SF

    HighLights

    • 0.48‑acre lot.
    • Special Whiteaker (S‑W) zoning.
    • Corner lot with alley access.
    • Over $90,000 in transferable development credits paid.
    • Graded site with available utilities; allows multifamily, commercial, and industrial uses.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Building Supply Dental Office Wholesale Shop Law Firm Auto Repair Shop Spa & Massage Hair Salon Pharmacy

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.1000631
    Latitude
    44.058008

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    FAQs

    What type of property is this?
    Multifamily property - 0.48-acre commercial lot, ready to build.
    Where is this multifamily property located?
    The property is located at 171 Washington St Eugene, OR.
    What is the asking price?
    The asking price for this property is $750,000.
    What are key features of this property?
    This property features: 0.48-acre lot.; Special Whiteaker (S-W) zoning.; Corner lot with alley access.
    Request Owner's contact information
    171 Washington St Eugene, OR 97401
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    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
    171 Washington St Eugene, OR 97401
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