For Sale
$7,100,000

2170 6Th AveEugene, OR 97402

High-Yield Retail Investment Opportunity

Overview

Added:
Dec 11, 2024
Days on market:
114
This exceptional retail investment opportunity, Big Y Shopping Center, is located at 2170 W 6th Ave, Eugene, OR 97402. The 77,075 square foot shopping center sits on one of Eugene's busiest thoroughfares, boasting strong visibility from OR-99. This prime location offers significant upside potential. The property features a diverse tenant mix including a 16,479 square foot Harbor Freight and a Dutch Bros. Coffee. A substantial basement space of over 15,000 square feet provides additional development opportunities. Built in 1963 and zoned C-2, the center currently enjoys a remarkably low 3% vacancy rate. The strong market fundamentals of Eugene, Oregon, including a low overall retail vacancy rate of 2.4% and the economic influence of the University of Oregon, contribute to this property's exceptional value. With multiple tenants on short-term leases and growing rents in the Eugene market, there's clear potential to increase rental income without substantial capital expenditures. The asking price for this well-positioned asset is $7,100,000. Lane County's favorable business environment, including the absence of sales tax and a low cost of living, further enhances the investment appeal. This property presents a compelling opportunity for savvy retail investors seeking strong returns in a thriving market.

Highlights

  • 77,075 SF retail center on a high-traffic Eugene, OR thoroughfare, boasting strong visibility from OR-99.
  • 98% occupancy with diverse tenants including a 16,479 SF Harbor Freight and Dutch Bros. Coffee.
  • Significant upside potential due to multiple short-term leases and a strong Eugene retail market with a 2.4% vacancy rate.
  • Over 15,000 SF of basement space offers additional development opportunities.
  • Asking price: $7,100,000.
  • Located in Lane County, benefiting from no sales tax and a low cost of living.

Property Details for 2170 6Th Ave

Property type
Lifestyle centers, Power centers
Year Built
1963

Location Insight

City
Eugene
County
Lane
State
Oregon
Latitude
44.052615837917
Longitude
-123.12504192157
2170 6Th Ave, Eugene, Oregon

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2170 6Th Ave
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