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1287 Washington St
Eugene, OR 97401
Multi Family Redevelopment Project · Land For Sale
·
0.48 AC
Investment Highlights
- Prime location in Eugene for New Apartments; southern portion of the downtown core. Highly desirable neighborhood. W.13 is direct artery to U of O
Executive Summary
The market NOI PROFORMA on the (3), existing multi-family structures exceed $50,000/year. We are marketing these (3) tax lots as a Redevelopment Project and thus, assessing no value to the (3) structures except for cash flow to support the Holding Costs prior to new construction. Tax Lot 8700=1261 and 1261 1/2 Washington; Tax Lot 8600=471 W 13th.
Property Facts
| Sale Type | Investment or Owner User | Proposed Use | Apartment Units |
| Sale Condition | Redevelopment Project | Total Lot Size | 0.48 AC |
| No. Lots | 1 | No. Stories | 1 |
| Property Type | Land | Opportunity Zone |
Yes
|
| Property Subtype | Residential | ||
| Zoning | R-3 - We ESTIMATE a Developer could build 27 units on the entire property of 20,909 SF. R-3 allows for 56 units per acre. | ||
| Sale Type | Investment or Owner User |
| Sale Condition | Redevelopment Project |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Residential |
| Proposed Use | Apartment Units |
| Total Lot Size | 0.48 AC |
| No. Stories | 1 |
| Opportunity Zone |
Yes |
| Zoning | R-3 - We ESTIMATE a Developer could build 27 units on the entire property of 20,909 SF. R-3 allows for 56 units per acre. |
1 Lot Available
Lot
| Price | $1,635,000 | Lot Size | 0.48 AC |
| Price Per AC | $3,406,250.00 |
| Price | $1,635,000 |
| Price Per AC | $3,406,250.00 |
| Lot Size | 0.48 AC |
The price of $1,635,000 includes TAX LOTS: 8800, 8700 and 8600. These total .48 acres or 20,909 +/- SF of LAND. Seller will only sell ALL 3 Tax Lots in one closing. Full disclosure, there are (3) multi-family older units located on the properties.
Description
Please see Lot Description, Zoning Description and Sale Notes above.
Property Taxes
| Parcel Number | 0270098 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $192,008 |
Property Taxes
Parcel Number
0270098
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$192,008
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