0 Garden Way Eugene, OR 97401
This exceptional 30,056 square foot development site, located at the intersection of Martin Luther King Jr. Boulevard and S Garden Way in Eugene, Oregon (zip code 97401), presents a unique investment opportunity. Situated within the thriving Chase Development Node, this property boasts a prime location along a major thoroughfare connecting Eugene and Springfield. The site is currently zoned Agricultural/Urbanizable Land, with the expectation of rezoning to S-CN (Chase Node Special Area - Commercial) upon annexation. This zoning allows for multi-family, office, and retail uses, providing significant flexibility for development. The property's substantial size and strategic location within a neighborhood of attractive apartment complexes and Class A medical buildings make it an ideal candidate for a variety of projects. The parcel number is 17-03-33-12-00802. Detailed permitted uses can be found in Section 9.3115 of the Eugene Land Use Code. Importantly, the site is outside the 500-year flood plain. The asking price for this remarkable development opportunity is $535,000. This property requires annexation for development.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.