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    1355 1St Ave Eugene, OR 97402

    Sponsored
    For Lease
    $1.80 SF/Yr ($1,805 /Mo)

    1.32 Acres, Office & Warehouse

    Lot size:
    12,035 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    392
    This exceptional 1.32-acre industrial property, located at 1355 W 1st Ave, offers a unique blend of office and warehouse space, ideal for a variety of businesses. The site boasts a total of 12,035 square feet of building area, strategically divided into five suites. This includes a substantial 2,726 square foot office building, complemented by multiple warehouse spaces ranging from 1,109 to 4,600 square feet. The property is conveniently situated in Lane County, Oregon, and zoned I-3 for Heavy Industrial use, ensuring flexibility for various operations. Improvements include paved surfaces and perimeter fencing, enhancing security and functionality. The property is currently listed for a triple-net lease at $9,000 per month. A significant advantage is its location outside the 500-year floodplain, mitigating flood risk. The 2023-2024 property taxes are $12,955.76. While the landlord will retain vehicle access to the north side of the property, ample space remains for tenant use. The property's address is 1355 W 1st Ave, with a cross street of Blair Boulevard, and its APN is 17-04-25-42-01600. This presents a compelling opportunity for businesses seeking a well-maintained, versatile industrial space in a prime location.

    Property Features for 1355 1St Ave

    General Information

    Property type
    Distribution properties
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    12,035 SF
    Total Rate
    1805.25

    Building Details

    Stories
    1

    Unit(s) available at that property

    Space
    Industrial Site
    Size
    57,499 SF
    Rate per SF
    $1.80

    HighLights

    • 1.32‑acre industrial site with office and warehouse buildings.
    • Heavy Industrial (I‑3) zoning; paved and fenced.
    • 12,035 square feet of warehouse space plus a 2,726 square foot office building.
    • Triple‑net lease at $9,000 per month.
    • Located outside the 500‑year floodplain; 2023‑2024 property taxes: $12,955.76.
    • Landlord retains vehicle access to the north.
    Property Profile Location Intelligence

    Current Use by Public Records

    Automatic Heat Heating Contractor

    Suggested Use

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

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

    Location Insight

    • Map
    • Local Demand
    City
    Eugene
    County
    Lane
    State
    Oregon
    Longitude
    -123.11274706944
    Latitude
    44.058794432827

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    FAQs

    What type of property is this?
    Distribution property - 1.32 Acres, Office & Warehouse
    Where is this distribution property located?
    The property is located at 1355 1St Ave Eugene, OR.
    What is the lease rate?
    The lease rate is $1.80 SF/Yr.
    What are key features of this property?
    This property features: 1.32-acre industrial site with office and warehouse buildings.; Heavy Industrial (I-3) zoning; paved and fenced.; 12,035 square feet of warehouse space plus a 2,726 square foot office building.
    Request Owner's contact information
    1355 1St Ave 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
    1355 1St Ave Eugene, OR 97402
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