Property profile

50660 Mckenzie Hwy Vida, OR 97488

FOR SALE
Commercial land
Property ID
US71-1012221
1.74 ac lot
Individually Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

This exceptional 1.74-acre commercial land parcel presents a unique investment opportunity in Vida, Oregon. Located at 50660 McKenzie Highway, this property boasts unparalleled visibility due to its highway frontage, just 26 miles east of Springfield. The land is zoned Rural Commercial, offering a wide array of permitted uses, making it ideal for a diverse range of businesses. Situated directly on the McKenzie River, this is the only commercially zoned property in the valley with this prime location. The property features existing 3-phase, 208v electric service, conveniently accessed via an outdoor vault with an underground transformer. The asking price is $595,000, representing a significant value proposition. The APN is 16-45-31-00 00300, and the property is conveniently located in Lane County, Oregon, with a 97488 zip code. This is a rare chance to acquire a highly visible, riverfront commercial lot with significant development potential. Don't miss this opportunity to establish your business in a desirable and thriving location.

Property profile

Verified
Property type Commercial land
Use group VACANT COMMERCIAL LAND
Lot 1.74 ac (75,794 SF)
APN 16-45-31-00-00300-000
UPID US71-1012221

Cap rate & NOI

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

Current use

Occupant on record · Public records
  • Take-out & Catering Cafe & Coffee Shop

Location

50660 Mckenzie Hwy Vida, OR 97488
Vida metro Census 100 EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$95k

Owner & transaction history

since 2021
Last sale
$95,400
2 recorded transactions
2021
$95,400
1995
$150,000

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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“Is 15.6% cap rate sustainable?” · “Best tenant mix for BU1?” · “What’s the redev upside?”
More about this property
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