Property profile

171 Washington St Eugene, OR 97401

FOR SALE
Commercial land
Property ID
US71-0687669
660 SF 0.25 ac lot Built 1900
Trust Owned 7-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 0.48-acre commercial lot at 171 Washington Street in Eugene, Oregon, presents a unique investment opportunity. Located in the Special Whiteaker (S-W) zone, this property offers unparalleled flexibility for diverse development projects. The zoning permits multifamily, commercial, and industrial uses, catering to a wide range of potential ventures. The lot boasts a highly desirable corner location with convenient alley access, simplifying logistics and construction. Significant groundwork has already been completed, including grading and utility availability, saving considerable time and expense for future development. A substantial investment has already been made, with over $90,000 in transferable System Development Charges (SDCs) already paid, representing a significant cost savings for the buyer. This prime location in the heart of Eugene, coupled with its versatile zoning and pre-existing infrastructure, makes this property an exceptional opportunity for developers seeking a strategic foothold in a thriving market. The asking price is $750,000. The property's address is 171 Washington St, Eugene, OR 97401, and is situated in Lane County.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Year built 1900
Total area 660 SF
Lot 0.25 ac (10,890 SF)
Zoning code MU-W/SR
APN 17-03-30-34-04900-000
UPID US71-0687669

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

171 Washington St Eugene, OR 97401
Eugene metro Census 4000 EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$170k

Owner & transaction history

since 2018
3 recorded transactions
2018
Price N/A
2018
Price N/A
2018
$500,000

Zoning & alternative use

MU-W/SR · Eugene, OR

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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