1255 Pearl StEugene, OR 97401

  • Other commercial real estate
  • 0.29 AC
For Sale
$4,250,000 View listing

Property Details for 1255 Pearl St

Lot size
0.29 AC
Zone code
C-2-COMMUNITY COMMERCIAL
Property type
Other commercial real estate
APN
17-03-31-41-07000-000
APU
1703314107000000

Description

This exceptional investment opportunity presents two office buildings in Eugene's vibrant Midtown area, totaling 25,149 square feet on a 0.6-acre parcel. The property boasts a strategic location and offers significant upside potential. Over 12,000 square feet of readily available space is perfect for an owner-occupier seeking to expand their business or a savvy investor looking to lease to multiple tenants. The existing buildings feature recently updated HVAC systems, ensuring efficient and comfortable operation. The property includes three lots, zoned C-2, providing flexibility for future development or expansion. Ample parking is provided with 46 onsite spaces, a significant advantage in a competitive market. Detailed financial information, including a current rent roll, is available upon request, allowing prospective buyers to thoroughly assess the property's financial performance and projected returns. This is a rare chance to acquire a substantial office complex in a thriving location with immediate occupancy potential and long-term growth prospects. The combination of existing income, vacant space, and ample parking makes this a truly compelling investment opportunity. Don't miss this chance to secure a prime piece of Eugene commercial real estate.

Valuation
by PT Realty methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $2,962,737
    Hospitality
    $2,713,852
    Educational
    $2,257,892
    Medical
    $2,335,545
    Retail
    $3,512,277
1255 Pearl St, Eugene, Oregon

Location Insight

City
Eugene
County
Lane
State
Oregon
Latitude
44.0459
Longitude
-123.089
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
$31,019
-
-
$1,559,307
-
$526,905
$2,041,970
$2,568,875

FAQs

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