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    48 48Th St Springfield, OR 97478

    Sponsored
    For Sale
    $540,000

    1.26-acre lot, prime Springfield location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.26-acre parcel, located at the intersection of 48th and Main Street in Springfield, Oregon, presents a unique investment opportunity. Zoned MUR (Mixed-Use Residential), this property offers significant development potential. The lot encompasses approximately 53,521 square feet, providing ample space for a variety of commercial and residential projects. Its strategic location offers excellent visibility and accessibility. A key advantage is its proximity to the soon-to-be-completed Cherry Springs Apartments, a 129-unit complex under construction along 48th Street. This burgeoning neighborhood promises increased foot traffic and a growing residential population, creating a strong foundation for future development. The property is situated in Lane County, Oregon, with a 97478 zip code. The asking price for this exceptional land parcel is $540,000. This represents a compelling opportunity to capitalize on the growth and potential of this vibrant Springfield location. Serious inquiries are encouraged.

    Property Features for 48 48Th St

    General Information

    Property type
    Land
    Lot Size
    54,886 SF

    HighLights

    • 53,521 SF land parcel.
    • Mixed‑Use Residential (MUR) zoning.
    • Adjacent to a planned 129‑unit apartment complex on 48th Street.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    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
    -122.9495923
    Latitude
    44.0457362

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    FAQs

    What type of property is this?
    Land - 1.26-acre lot, prime Springfield location.
    Where is this land located?
    The property is located at 48 48Th St Springfield, OR.
    What is the asking price?
    The asking price for this property is $540,000.
    What are key features of this property?
    This property features: 53,521 SF land parcel.; Mixed-Use Residential (MUR) zoning.; Adjacent to a planned 129-unit apartment complex on 48th Street.
    Request Owner's contact information
    48 48Th St Springfield, OR 97478
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    Springfield, OR 97478
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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
    48 48Th St Springfield, OR 97478
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