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    2400 State Hwy 99 Eugene, OR 97402

    Sponsored
    For Sale
    $3,600,000

    4.2-acre prime redevelopment site.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 4.2-acre commercial property presents a remarkable redevelopment opportunity for discerning investors. Located in Eugene, Oregon, at 2400 State Hwy 99 N, and encompassing addresses along State Hwy 99 N and OR-99, this C-2 zoned land offers unparalleled potential for retail or quick-service restaurant (QSR) development. The property's strategic location near the Jerry's Home Improvement exit off Beltline Highway ensures high visibility and accessibility, maximizing exposure to a substantial customer base. Drive-thru options are permitted under the C-2 zoning, adding further versatility to development plans. The asking price for this owner-user or retail redevelopment site is $3,600,000. This prime location in Lane County, Oregon, with its zip code 97402, provides an exceptional opportunity to capitalize on the thriving Eugene market. The expansive lot size allows for significant flexibility in design and construction, catering to a wide range of development concepts. This is a rare chance to acquire a highly desirable commercial parcel in a prime location, poised for significant return on investment. Don't miss this opportunity to secure a piece of Eugene's vibrant commercial landscape.

    Property Features for 2400 State Hwy 99

    General Information

    Property type
    Land
    Lot Size
    182,952 SF

    HighLights

    • 4.2‑acre C‑2 zoned lot ideal for redevelopment.
    • C‑2 zoning allows drive‑thru development.
    • Prime location near Beltline Highway exit.
    • Suitable for owner‑occupancy or retail redevelopment.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.1644053
    Latitude
    44.0938607

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    FAQs

    What type of property is this?
    Land - 4.2-acre prime redevelopment site.
    Where is this land located?
    The property is located at 2400 State Hwy 99 Eugene, OR.
    What is the asking price?
    The asking price for this property is $3,600,000.
    What are key features of this property?
    This property features: 4.2-acre C-2 zoned lot ideal for redevelopment.; C-2 zoning allows drive-thru development.; Prime location near Beltline Highway exit.
    (541) 484-2214
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    2400 State Hwy 99 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
    2400 State Hwy 99 Eugene, OR 97402
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