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651-655 W 7th Ave
Eugene, OR 97402
Fully Renovated Medical Office Investment · Retail Property For Sale
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
Building Size
4,680 SF
Building Class
C
Year Built/Renovated
1980/2023
Price
$1,407,494 CAD
Price Per SF
$300.75 CAD
Cap Rate
7%
NOI
$98,525 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
Property Taxes
| Parcel Number | 0264604 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $729,655 CAD |
Property Taxes
Parcel Number
0264604
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$729,655 CAD
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