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    11 River Ave Eugene, OR 97404

    Sponsored
    For Sale
    $2,997,000

    1.92-Acre C-2 Zoned Lot, River Road

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 1.92-acre commercial property in Eugene, Oregon, presents a unique development opportunity. Located at 11 River Ave, the site boasts a highly desirable C-2 (Community Commercial) zoning designation, allowing for a wide range of commercial uses. Its strategic location at the intersection of River Road and Beltline Highway provides unparalleled access to I-5 and Highway 126, ensuring high visibility and convenient access for businesses and customers. River Road is a thriving retail corridor experiencing significant residential growth, making this land ideal for a variety of commercial ventures. All utilities and power are already connected to the site (APN: 17-04-13-22-00502). Currently tax-exempt due to prior public ownership, this property offers substantial potential for future development. The 1.92-acre lot provides ample space for a large-scale project, while its prime location ensures strong returns on investment. This is a rare opportunity to acquire a significant commercial development site in a rapidly growing area of Eugene. The property's River Road frontage further enhances its appeal and potential for success. Don't miss this chance to secure a piece of Eugene's vibrant commercial landscape.

    Property Features for 11 River Ave

    General Information

    Property type
    Land
    Lot Size
    83,635 SF

    HighLights

    • Tax Lot #: 17‑04‑13‑22‑00502
    • Lot Size: 1.92 acres
    • Utilities: All utilities connected.
    • Zoning: C‑2 (Community Commercial)
    • Property Taxes: Currently tax‑exempt.
    • 1.92 acres of C‑2 zoned land with River Road frontage.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon 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
    -123.12695
    Latitude
    44.0962631

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    FAQs

    What type of property is this?
    Land - 1.92-Acre C-2 Zoned Lot, River Road
    Where is this land located?
    The property is located at 11 River Ave Eugene, OR.
    What is the asking price?
    The asking price for this property is $2,997,000.
    What are key features of this property?
    This property features: Tax Lot #: 17-04-13-22-00502; Lot Size: 1.92 acres; Utilities: All utilities connected.
    (541) 484-2214
    Request Owner's contact information
    11 River Ave Eugene, OR 97404
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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
    11 River Ave Eugene, OR 97404
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