For Sale
$1,375,000

1280 Charnelton StEugene, OR 97401

Eugene, OR Investment Opportunity: High-traffic location.

Overview

Added:
Dec 11, 2024
Days on market:
114
This 9,435 square foot mixed-use building at 1280 Charnelton Street in Eugene, Oregon, presents a compelling investment opportunity. Currently configured as a creative office, storefront, and warehouse space, the property boasts an attractive corner location with 200 feet of window frontage, ideal for a variety of businesses. The building, constructed in 1974, sits on a 15,682 square foot lot and features a two-story structure with ten parking spaces. The zoning is C2 Community Commercial. The property includes 3,400 square feet of finished office space, encompassing a retail showroom and an upstairs loft office with a bathroom, kitchenette, separate heating system, and exterior entry. The upstairs office is currently leased month-to-month, with a 90-day notice clause. The remaining space offers industrial and warehouse functionality, including a 12-foot-clearance overhead door. The building is equipped with three heating units, including a new split unit system installed in 2023, and is heated with natural gas. ADA-compliant access and a ground floor bathroom are also present. A non-load-bearing stem wall in the showroom allows for flexible floor plan customization. Tenants are tentatively scheduled to vacate on April 1, 2025, making this a value-add opportunity. The asking price is $1,375,000, and the seller is seeking a 1031 exchange. An environmental assessment was completed in 1996, and asbestos testing in 2018 revealed no asbestos.

Highlights

  • 1031 exchange opportunity; buyer-identified replacement property.
  • Environmental assessment completed (1996), asbestos testing clear (2018).
  • Anchor tenant (Smith Family Bookstore) vacating 4/1/25; secondary tenant on month-to-month lease (90-day notice).
  • Upstair loft space occupied by Eugene Soccer Club, likely vacating concurrently with bookstore.

Property Details for 1280 Charnelton St

Property type
Warehouses, Retail properties
Square Feet
9,435 SF
Year Built
1974
Buildings
1
Stories
2

Location Insight

City
Eugene
County
Lane
State
Oregon
Latitude
44.0457926
Longitude
-123.0960939
1280 Charnelton St, Eugene, Oregon

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1280 Charnelton St
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