168 Cleveland St Eugene, OR 97402
- Commercial real estate
- 27,878 SF
- 0.64 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 168 Cleveland St
- Lot size
- 0.64 lot acres
- Property size
- 27,878 SF
- Property type
- Commercial real estate
Description
This exceptional investment opportunity presents a 0.64-acre site totaling 27,878 square feet, ideally located at 168 N Cleveland St, Eugene, OR 97402, in Lane County. Currently zoned R-3 (Limited High-Density Residential), this property offers significant potential for redevelopment. Based on the current zoning, the site allows for up to 35 residential units. An existing 1,648 square foot structure is present on the property, but it requires major repairs. The level terrain simplifies development plans. The asking price for this prime multifamily land is $329,000. Buyers are responsible for verifying all zoning information through their own due diligence. This is a rare chance to acquire a substantial parcel in a desirable Eugene location with high-density residential potential. The property's size and zoning make it an attractive prospect for developers seeking to capitalize on the strong rental market in Eugene. Don't miss this chance to acquire a valuable asset with considerable upside.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Eugene
- County
- Lane
- State
- Oregon
- Longitude
- -123.1275148
- Latitude
- 44.0629298
