142 8Th Ave Eugene, OR 97401
- Commercial real estate
- 0.09 lot acres
Current Use by Public Records
- Wasley Law Office, PC / Real Estate Attorney / Trial Attorney
- Northwest Elder Law Firm / Attorney
- Alan G. Seligson PC / Tax Attorney / Bankruptcy Attorney
- Slayton, Donald R / Attorney
- Law Offices of Brian Cox / Attorney / Real Estate Attorney
Property Details for 142 8Th Ave
- Lot size
- 0.09 lot acres
- Zone code
- C-3-MAJOR COMMERCIAL
- Property type
- Commercial real estate
- APN
- 17-03-31-13-04100-000
- APU
- 1703311304100000
Description
This exceptional two-story, 7,963 square foot Class B office building presents a compelling owner-user or investment opportunity in the heart of downtown Eugene, Oregon. Located at 142 W 8th Ave, this multi-tenant property boasts a desirable location, steps from the Lane County Circuit Court, federal courthouse, numerous shops, restaurants, and major bus lines. The building, constructed in 1976 with extensive remodeling between 2001 and 2005, features nineteen private offices (nine on the first floor and ten on the second), complemented by open workstations, break rooms, and a work center on each level. Three restrooms are included, two of which are ADA-compliant, and one features a shower. The building is elevator-served and sits on a substantial 3.92-acre lot, zoned C-3 Major Commercial. Parking options include on-street parking, a neighboring lot, and a nearby city parking structure. Currently vacant, this property offers immediate occupancy for an owner-user or a strong potential for rental income for investors. The asking price is $1,550,000.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,105,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,065,000
- 6.5%
- $2,140,000
- 7%
- $2,130,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,680,000
- Geo Method
- $1,780,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $2,235,000
- Retail
- $1,915,000
- Mixed-Use
- $1,870,000
- Hospitality
- $1,945,000
- Educational
- $1,690,000
- Residential Income
- $2,270,000
- Energy
- $2,030,000
- Income-Based Land
- $1,775,000
- Food Service
- $1,925,000
Location Insight
- Map
- Local Demand
- City
- Eugene
- County
- Lane
- State
- Oregon
- Longitude
- -123.095
- Latitude
- 44.0508
- CBSA code
- 21660
- CBSA name
- EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA
