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Versatile Property - Redevelop or Owner-User 107 E 3rd St 3,694 SF Flex Building Lowell, OR 97452 $375,000 ($101.52/SF)
INVESTMENT HIGHLIGHTS
- Allowed Use: Multifamily residential (up to 8 units)
- Allowed Use: Owner-occupant opportunity
- Location: Walkable downtown core, near schools, parks, and Dexter Reservoir/Willamette River
- Allowed Use: Adaptive reuse for office, retail, or studio
- Utilities: Connected to city infrastructure including fiber internet service
EXECUTIVE SUMMARY
VERSATILE PROPERTY IN THE HEART OF LOWELL
OPPORTUNITY FOR INVESTORS, DEVELOPERS, OR OWNER/USER!
Located within Lowell’s downtown district, this 0.41-acre property offers flexible potential for various uses—whether you're an investor seeking multifamily income, a developer looking for a centrally located development site, or an owner-user ready to repurpose an existing building.
The property includes a 3,694 sq. ft. structure (built circa 1970) formerly used as City Hall and the public library. The site is zoned DRA—Downtown Residential Attached, allowing for up to 8 multifamily residential units or adaptive reuse for office, studio, community services, or live/work purposes.
LOWELL, OREGON
Located just 25 miles from Eugene, Lowell offers small-town charm with easy access to urban amenities. The town is known for its proximity to outdoor recreation—
Willamette River, Dexter Lake, Fall Creek, and miles of hiking trails—as well as its growing appeal to remote workers, retirees, and families looking for a more affordable lifestyle.
THIS OPPORTUNITY IS IDEAL FOR:
* Developers seeking a redevelopment opportunity in an established community
* Investors looking for income-producing multifamily potential
* Owner-users in need of flexible office or studio space
* Civic or nonprofit groups seeking a walkable downtown location
* Visionaries who want to create something meaningful in a connected, small-town setting
OPPORTUNITY FOR INVESTORS, DEVELOPERS, OR OWNER/USER!
Located within Lowell’s downtown district, this 0.41-acre property offers flexible potential for various uses—whether you're an investor seeking multifamily income, a developer looking for a centrally located development site, or an owner-user ready to repurpose an existing building.
The property includes a 3,694 sq. ft. structure (built circa 1970) formerly used as City Hall and the public library. The site is zoned DRA—Downtown Residential Attached, allowing for up to 8 multifamily residential units or adaptive reuse for office, studio, community services, or live/work purposes.
LOWELL, OREGON
Located just 25 miles from Eugene, Lowell offers small-town charm with easy access to urban amenities. The town is known for its proximity to outdoor recreation—
Willamette River, Dexter Lake, Fall Creek, and miles of hiking trails—as well as its growing appeal to remote workers, retirees, and families looking for a more affordable lifestyle.
THIS OPPORTUNITY IS IDEAL FOR:
* Developers seeking a redevelopment opportunity in an established community
* Investors looking for income-producing multifamily potential
* Owner-users in need of flexible office or studio space
* Civic or nonprofit groups seeking a walkable downtown location
* Visionaries who want to create something meaningful in a connected, small-town setting
PROPERTY FACTS
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PROPERTY TAXES
| Parcel Number | 1772548 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $125,133 |
PROPERTY TAXES
Parcel Number
1772548
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$125,133
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Versatile Property - Redevelop or Owner-User | 107 E 3rd St
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