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Fully Renovated Medical Office Investment 651-655 W 7th Ave 4,680 SF Retail Building Eugene, OR 97402 $1,394,943 CAD ($298.06 CAD/SF) 7% Cap Rate

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INVESTMENT HIGHLIGHTS

  • Fully remodeled in 2023 – new roof, siding, HVAC, electrical, and plumbing
  • $999,300 sale price / 7.0% cap rate – strong income-producing investment
  • On-site parking spaces with easy access to I-105 and downtown Eugene
  • Long-term medical tenant (Community Medical Services) on a 10.5-year lease
  • High visibility location on W. 7th Avenue with 35,000+ vehicles per day
  • 4,680 SF stand-alone retail/office building on 0.25 acres (C-2 zoning)

EXECUTIVE SUMMARY

REDUCED PRICE! Newly remodeled retail/office investment property with a long-term medical tenant in place. The 4,680 SF stand-alone building was fully renovated in 2023, including a complete office build-out with new roof, siding, HVAC, lighting, plumbing, and electrical systems. The tenant, Community Medical Services, occupies the property under a 10-year, 6-month lease with two five-year renewal options. Centrally located along W. 7th Avenue, the site offers high visibility with traffic counts exceeding 35,000 vehicles per day, easy access to I-105, and 16 on-site parking spaces. Priced at $999,300 with a 7.0% cap rate, this turn-key asset presents a stable, low-maintenance investment in the heart of Eugene’s growing commercial corridor.

PROPERTY FACTS

Sale Type
Investment
Sale Condition
1031 Exchange
Property Type
Retail
Property Subtype
Storefront
Building Size
4,680 SF
Building Class
C
Year Built/Renovated
1980/2023
Price
$1,394,943 CAD
Price Per SF
$298.06 CAD
Cap Rate
7%
NOI
$97,646 CAD
Tenancy
Single
Building Height
1 Story
Building FAR
0.43
Lot Size
0.25 AC
Zoning
C-2
Frontage
45’ on 7th Ave

AMENITIES

  • Signage
Walk Score®
Walker's Paradise (95)
Bike Score®
Biker's Paradise (100)
What is a Walk Score®, Transit Score® & Bike Score®?
Walk Score® measures the walkability of any address.
Transit Score® measures access to public transit.
Bike Score® measures bikeability of a location.
What is a Walk Score®
, Transit Score® & Bike Score?
Walk Score® measures the walkability
of any address. Transit Score®
measures access to public transit. Bike Score®
measures bikeability of a location.®

NEARBY MAJOR RETAILERS

Starbucks
Five Guys
Columbia Bank
Banner Bank
Dutch Bros
Heritage Bank
Chase
Wells Fargo
U.S. Bank
The Old Spaghetti Factory

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
0264604
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$727,209 CAD
  • Listing ID: 28091100

  • Date on Market: 2023-03-29

  • Last Updated:

  • Address: 651-655 W 7th Ave, Eugene, OR 97402

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