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    142 8Th Ave Eugene, OR 97401

    Sponsored
    For Sale
    $1,550,000

    Prime location, 7,963 sq ft, investment opportunity

    Property size:
    7,963 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional two-story, 7,963 square foot Class B office building presents a compelling owner-user or investment opportunity in the heart of downtown Eugene, Oregon. Located at 142 W 8th Ave, this multi-tenant property boasts a desirable location, steps from the Lane County Circuit Court, federal courthouse, numerous shops, restaurants, and major bus lines. The building, constructed in 1976 with extensive remodeling between 2001 and 2005, features nineteen private offices (nine on the first floor and ten on the second), complemented by open workstations, break rooms, and a work center on each level. Three restrooms are included, two of which are ADA-compliant, and one features a shower. The building is elevator-served and sits on a substantial 3.92-acre lot, zoned C-3 Major Commercial. Parking options include on-street parking, a neighboring lot, and a nearby city parking structure. Currently vacant, this property offers immediate occupancy for an owner-user or a strong potential for rental income for investors. The asking price is $1,550,000.

    Property Features for 142 8Th Ave

    General Information

    Property type
    Office Properties & Spaces
    Square Feet
    7,963 SF
    Class
    B
    Lot Size
    170,755,200 SF

    Building Details

    Stories
    2

    HighLights

    • Excellent owner‑user or investment opportunity in downtown Eugene.
    • 7,963 SF Class B office building.
    • 3,920 SF lot.
    • Built in 1976, extensively remodeled 2001‑2005.
    • Elevator served.
    • C‑3 Major Commercial zoning.
    Property Profile Location Intelligence

    Current Use by Public Records

    Wasley Law Office, ... Law Firm Northwest Elder Law ... Attorney Alan G. Seligson ... Bankruptcy Attorney Slayton, Donald R Attorney Law Offices of Brian ... Attorney

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.0948511
    Latitude
    44.0508232

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    FAQs

    What type of property is this?
    Office Property / Space - Prime location, 7,963 sq ft, investment opportunity
    Where is this office property / space located?
    The property is located at 142 8Th Ave Eugene, OR.
    What is the asking price?
    The asking price for this property is $1,550,000.
    What are key features of this property?
    This property features: Excellent owner-user or investment opportunity in downtown Eugene.; 7,963 SF Class B office building.; 3,920 SF lot.
    (541) 484-2214
    Request Owner's contact information
    142 8Th Ave 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
    142 8Th Ave Eugene, OR 97401
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