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    1533 Market St Springfield, OR 97477

    Sponsored
    For Sale
    $1,600,000

    Prime 0.98-acre site, 14,295 SF building

    Property size:
    14,295 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 0.98-acre property in Springfield, Oregon, features a 14,295 square foot building, originally constructed in 1954. Currently zoned R-1 (Low Density Residential), this versatile site presents a unique opportunity for either an owner-user or redevelopment into residential units. The single-story structure offers significant potential for adaptive reuse or demolition to make way for new construction. Its central location provides convenient access to downtown Springfield, the University of Oregon, and downtown Eugene, making it an attractive proposition for a variety of uses. The property's address is 1533 Market St, Springfield, OR 97477, and its Lane County APN is 1703253308400. The asking price is $1,600,000, translating to $111.93 per square foot. Additional seller terms apply. Interested parties should review supplemental information available online.

    Property Features for 1533 Market St

    General Information

    Property type
    Schools
    Square Feet
    14,295 SF
    Lot Size
    42,689 SF

    Building Details

    Year Built
    1954
    Stories
    1

    HighLights

    • 0.98‑acre lot in Springfield, OR, with a 14,295 sq ft building.
    • Zoned R‑1, suitable for owner‑user or residential redevelopment.
    • Located at 1533 Market St, Springfield, OR 97477 (APN 1703253308400), offering convenient access to downtown Springfield, University of Oregon, and downtown Eugene.
    • Asking price: $1,600,000 ($111.93/sq ft).
    • Additional seller terms apply; contact CBRE for details.
    Property Profile Location Intelligence

    Current Use by Public Records

    The Church of Jesus Christ ... Christian Church

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Springfield
    County
    Lane
    State
    Oregon
    Longitude
    -123.00342431974
    Latitude
    44.058826929047

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    FAQs

    What type of property is this?
    School - Prime 0.98-acre site, 14,295 SF building
    Where is this school located?
    The property is located at 1533 Market St Springfield, OR.
    What is the asking price?
    The asking price for this property is $1,600,000.
    What are key features of this property?
    This property features: 0.98-acre lot in Springfield, OR, with a 14,295 sq ft building.; Zoned R-1, suitable for owner-user or residential redevelopment.; Located at 1533 Market St, Springfield, OR 97477 (APN 1703253308400), offering convenient access to downtown Springfield, University of Oregon, and downtown Eugene.
    Request Owner's contact information
    1533 Market St Springfield, OR 97477
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    1533 Market St
    Springfield, OR 97477
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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
    1533 Market St Springfield, OR 97477
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