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    Property profile & analytics
    FOR SALE
    Commercial real estate

    950 Seneca Rd, Eugene, OR 97402

    0.84 ac lot
    Entity Owned 6-yr Hold Absentee Owner Free & Clear
    Property ID
    US71-0696100
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial real estate
    Use group COMMERCIAL (GENERAL)
    Lot 0.84 ac (36,590 SF)
    Zoning code C-2-COMMUNITY COMMERCIAL
    APN 17-04-35-20-01601-000
    UPID US71-0696100
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
    by Request
    Comparable Approach Comparable
    by Request
    Blend (final) Blend
    $1.97M
    Owner & transaction history
    Seneca Family Partners LLC · 6 yrs held
    Seneca Family Partners LLC
    since 2020
    Last sale
    $2.0M
    4 recorded transactions
    2020
    $2.0M
    2003
    1969
    1969
    Zoning & alternative use
    C-2-COMMUNITY COMMERCIAL · Eugene, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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