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    Mill St Eugene, OR 97401

    Sponsored
    For Lease
    Contact for pricing

    Prime Downtown Eugene development site.

    Lot size:
    6,969 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 6,969 square foot commercial land parcel, located at Mill St, Eugene, OR 97401 (APN 17-03-32-22-02501), presents a unique ground lease or sale opportunity. Zoned S-DR Downtown Riverfront Special Area, this property boasts convenient access to utilities including water, sewer, electric, natural gas, and fiber connections at the curb. Its strategic location offers unparalleled proximity to the vibrant Downtown Eugene core, including approximately 617 planned residential units, the Downtown Riverfront Park, and the Ruth Bascom Bike Path. The site's high visibility and accessibility make it ideal for a variety of retail developments. This is a rare chance to acquire a highly desirable parcel in a rapidly growing area with significant potential for future appreciation. The cross street is E 5th Avenue. The property is designated for single tenancy. Serious inquiries are encouraged to explore this exceptional investment opportunity.

    Property Features for 0 Mill St

    General Information

    Property type
    Land
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    6,969 SF

    Unit(s) available at that property

    Space
    Size
    6,969 SF

    HighLights

    • 6,969 SF retail development opportunity in Eugene's River District, available for sale or ground lease.
    • Prime location in the burgeoning Eugene River District, offering direct Willamette River access.
    • Exceptional opportunity to capitalize on the area's significant residential growth and vibrant community.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.08660632975
    Latitude
    44.05374597721

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    FAQs

    What type of property is this?
    Land - Prime Downtown Eugene development site.
    Where is this land located?
    The property is located at Mill St Eugene, OR.
    What are key features of this property?
    This property features: 6,969 SF retail development opportunity in Eugene's River District, available for sale or ground lease.; Prime location in the burgeoning Eugene River District, offering direct Willamette River access.; Exceptional opportunity to capitalize on the area's significant residential growth and vibrant community.
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    Mill 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
    Mill St Eugene, OR 97401
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