Eugene OR Hwy 99 & Jessen RdEugene, OR 97402

This exceptional 7.8-acre commercial land parcel in Eugene, Oregon, presents a unique investment opportunity. Located at the intersection of Hwy 99 and Jessen Rd (zip code 97402), this property boasts a fully approved Planned Unit Development (PUD) for a 132-unit multi-family development. The zoning is R-1. Building plans are substantially complete, although working drawings are not currently available. Included in the sale is a pond situated on the west side of the property. While adjacent parcel 1402 (containing a pond on the east side) is not included, an easement ensures convenient access and recreational opportunities. The property offers easy access to I-5 via the Beltline and downtown Eugene via Hwy 99. Tax lots 1400 and 1401 are included in this sale. The seller is open to selling the entire project or exploring a partnership/joint venture to facilitate project completion. This prime location and comprehensive development plan make this a highly attractive proposition for developers seeking a ready-to-build multi-family project in a thriving Oregon market. The asking price for this exceptional opportunity is $2,495,000.