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    950 Seneca Rd Eugene, OR 97402

    Sponsored
    For Sale
    $2,000,000

    Prime QSR/Restaurant, High Traffic

    Property size:
    6,000 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional investment opportunity presents a 6,000 square foot, single-tenant restaurant building situated on a 36,950 square foot lot in Eugene, Oregon. Located within a bustling Fred Meyer shopping center parking lot, this property enjoys high visibility and significant traffic counts, exceeding 32,070 vehicles daily at the intersecting signalized intersection of Seneca Road and W 11th Avenue. The building, formerly an Izzy's Pizza, is fully equipped with a complete kitchen, including a hood system, pizza ovens, and grills, making it a turnkey operation for a quick-service restaurant or similar establishment. Ample on-site parking ensures convenient access for customers. The asking price for this prime retail property is $2,000,000. This location in the 97402 zip code offers an ideal setting for a restaurateur seeking to establish or expand their business in a high-traffic area with excellent visibility and convenient customer parking. The property's size and existing infrastructure present a significant advantage for a quick and efficient launch. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant in a thriving commercial area.

    Property Features for 950 Seneca Rd

    General Information

    Property type
    Restaurants
    Square Feet
    6,000 SF

    HighLights

    • 6,000 SF single‑tenant restaurant building.
    • 36,950 SF lot.
    • High‑visibility location in Fred Meyer shopping center parking lot.
    • Fully equipped kitchen with hood system, pizza ovens, and grills.
    • Former Izzy's Pizza restaurant.
    • Ample on‑site parking.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Spa & Massage Dental Office Building Supply Wholesale Shop Hair Salon 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
    -123.1409954
    Latitude
    44.0499576

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    FAQs

    What type of property is this?
    Restaurant - Prime QSR/Restaurant, High Traffic
    Where is this restaurant located?
    The property is located at 950 Seneca Rd Eugene, OR.
    What is the asking price?
    The asking price for this property is $2,000,000.
    What are key features of this property?
    This property features: 6,000 SF single-tenant restaurant building.; 36,950 SF lot.; High-visibility location in Fred Meyer shopping center parking lot.
    Request Owner's contact information
    950 Seneca Rd 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
    950 Seneca Rd Eugene, OR 97402
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