1280 Charnelton StEugene, OR 97401

  • Other commercial real estate
  • 0.36 AC
For Sale
$1,375,000 View listing

Property Details for 1280 Charnelton St

Lot size
0.36 AC
Zone code
C-2-COMMUNITY COMMERCIAL
Property type
Other commercial real estate
APN
17-03-31-42-08500-000
APU
1703314208500000

Description

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.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $3,678,091
    Hospitality
    $3,369,112
    Educational
    $2,803,062
    Medical
    $2,899,463
    Retail
    $4,360,318
1280 Charnelton St, Eugene, Oregon

Location Insight

City
Eugene
County
Lane
State
Oregon
Latitude
44.0459
Longitude
-123.096
CBSA code
21660
CBSA name
EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$11,820
-
-
$594,156
-
$721,265
$630,012
$1,351,277

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