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    3445 1St Ave Eugene, OR 97402

    Sponsored
    For Sale
    $9,095,000

    72,760 SF Warehouse, Rail Access

    Property size:
    72,760 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 72,760-square-foot industrial property, situated on 7.22 acres of I-3 zoned land in West Eugene, Oregon, presents a compelling investment opportunity. The site boasts a prime location with convenient access to Beltline Highway, I-5, and Highway 99 North, ensuring efficient freight transportation. The property includes a 49,500-square-foot concrete tilt-up warehouse (175' x 275'), a 25' x 200' covered loading area, and a 20,500-square-foot pre-engineered annex for covered storage. The main warehouse features 20' wide x 14' high ground-level loading doors, and both the warehouse and 2,760-square-foot office space have operational fire sprinkler systems. Ceiling heights range from 17' to 20'. The property also benefits from a functional solar panel farm on the main warehouse roof, connected to the Eugene Water and Electric grid for power generation and sale of excess energy. The site is completely paved and securely fenced. An underground storage tank was removed in 1996, with a "No Further Action" letter issued by the Department of Environmental Quality (DEQ) in 1998. The main warehouse floor slabs are in remarkably good condition. While the office area is dated, minimal remodeling could restore it to excellent condition. Rail spur access is available. The asking price is $9,095,000.

    Property Features for 3445 1St Ave

    General Information

    Property type
    Distribution properties
    Square Feet
    72,760 SF
    Lot Size
    314,503 SF

    HighLights

    • 72,760 SF heavy industrial building on a 7.22‑acre lot.
    • Rail spur and excellent truck access.
    • Fully fenced and paved site.
    • I‑3 heavy industrial zoning.
    • Solar power supplement to existing power.
    • 2,760 SF of office space near 1st Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    West Wind Forest ... Lumber Store 3445 W. 1st. ... Warehouse McCracken Warehouse Warehouse McCracken Warehousing Warehouse

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.1493875
    Latitude
    44.0597055

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    FAQs

    What type of property is this?
    Distribution property - 72,760 SF Warehouse, Rail Access
    Where is this distribution property located?
    The property is located at 3445 1St Ave Eugene, OR.
    What is the asking price?
    The asking price for this property is $9,095,000.
    What are key features of this property?
    This property features: 72,760 SF heavy industrial building on a 7.22-acre lot.; Rail spur and excellent truck access.; Fully fenced and paved site.
    Request Owner's contact information
    3445 1St Ave Eugene, OR 97402
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    Eugene, OR 97402
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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
    3445 1St Ave Eugene, OR 97402
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