2170 6Th AveEugene, OR 97402

Property Details for 2170 6Th Ave

Year built

1963

Property type

Retail properties

Property subtype

Lifestyle centers

Description

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.

Location Insight

City

Eugene

County

Lane

State

Oregon

Latitude

44.0526

Longitude

-123.125

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