Current Use by Public Records
- Oregon Vape Society, (Eugene) / (Bike/Boat/Book/etc) Store / Alternative Medicine Practice
- Design With Style DWS / Factory / Production Facility
Property Details for 2170 6Th Ave
- Year built
- 1963
- Property type
- Lifestyle centers
- Property subtype
- Power centers
Description
This exceptional retail investment opportunity, Big Y Shopping Center, is located at 2170 W 6th Ave, Eugene, OR 97402. The 77,075 square foot shopping center sits on one of Eugene's busiest thoroughfares, boasting strong visibility from OR-99. This prime location offers significant upside potential. The property features a diverse tenant mix including a 16,479 square foot Harbor Freight and a Dutch Bros. Coffee. A substantial basement space of over 15,000 square feet provides additional development opportunities. Built in 1963 and zoned C-2, the center currently enjoys a remarkably low 3% vacancy rate. The strong market fundamentals of Eugene, Oregon, including a low overall retail vacancy rate of 2.4% and the economic influence of the University of Oregon, contribute to this property's exceptional value. With multiple tenants on short-term leases and growing rents in the Eugene market, there's clear potential to increase rental income without substantial capital expenditures. The asking price for this well-positioned asset is $7,100,000. Lane County's favorable business environment, including the absence of sales tax and a low cost of living, further enhances the investment appeal. This property presents a compelling opportunity for savvy retail investors seeking strong returns in a thriving market.
Value Estimations
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AI approach
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eugene
- County
- Lane
- State
- Oregon
- Longitude
- -123.125
- Latitude
- 44.0526
