950 Seneca Rd Eugene, OR 97402
- Commercial real estate
- 0.84 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 950 Seneca Rd
- Lot size
- 0.84 lot acres
- Zone code
- C-2-COMMUNITY COMMERCIAL
- Property type
- Commercial real estate
- APN
- 17-04-35-20-01601-000
- APU
- 1704352001601000
Description
This exceptional investment opportunity presents a 6,000 square foot, single-tenant restaurant building situated on a 36,950 square foot lot in Eugene, Oregon. Located within a bustling Fred Meyer shopping center parking lot, this property enjoys high visibility and significant traffic counts, exceeding 32,070 vehicles daily at the intersecting signalized intersection of Seneca Road and W 11th Avenue. The building, formerly an Izzy's Pizza, is fully equipped with a complete kitchen, including a hood system, pizza ovens, and grills, making it a turnkey operation for a quick-service restaurant or similar establishment. Ample on-site parking ensures convenient access for customers. The asking price for this prime retail property is $2,000,000. This location in the 97402 zip code offers an ideal setting for a restaurateur seeking to establish or expand their business in a high-traffic area with excellent visibility and convenient customer parking. The property's size and existing infrastructure present a significant advantage for a quick and efficient launch. This is a rare opportunity to acquire a well-positioned, fully equipped restaurant in a thriving commercial area.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $2,490,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $2,115,000
- 6.5%
- $2,205,000
- 7%
- $1,930,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $1,945,000
- Geo Method
- $1,835,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $1,975,000
- Retail
- $2,070,000
- Mixed-Use
- $2,015,000
- Hospitality
- $2,095,000
- Educational
- $1,790,000
- Residential Income
- $2,040,000
- Energy
- $2,175,000
- Income-Based Land
- $2,030,000
- Food Service
- $1,620,000
Location Insight
- Map
- Local Demand
- City
- Eugene
- County
- Lane
- State
- Oregon
- Longitude
- -123.141
- Latitude
- 44.05
- CBSA code
- 21660
- CBSA name
- EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA