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1492 Pearl St 2,084 SF 100% Leased Office Building Eugene, OR 97401 $599,000 ($287.43/SF)
INVESTMENT HIGHLIGHTS
- Flexible C2 Zoning, high traffic road, 3 units, multi use, central location, newly renovated upper apartment, successful business renting lower level
EXECUTIVE SUMMARY
This charming vintage craftsman has the perfect blend of location, zoning and updates that combine for a wide variety of creative uses. Flexible C2 zoning allows for a wide range of commercial uses & live-work opportunities (short or long term rental, multifamily?) Located just a block from The Midtown Luxury Condos, & very close to downtown Eugene, University of Oregon, YMCA, South Amazon running trail – truly a prime location near thriving businesses, restaurants, homes & apartments. It’s on a bus line along busy Pearl St, and merely two blocks to bustling Willamette St. Currently configured as 3 units: The lower level has an established salon tenant that rents two units (business is not for sale, only the building). Upper level is a bright 2 BR, 1 BA apartment just renovated. Apartment has a full kitchen with tile counters, newer appliances, new flooring throughout, skylights, walk in shower, laundry hookups, a sweet place! Commercial spaces below feature a covered front porch, wood floors, kitchen, 1.5 baths, lots of windows, good flow. Off-street and on-street parking. Property has tons of updates! New roof, paint, updated electric, automatic sprinklers, newer sewer line & clean-out, many new windows, newer appliances, flooring, more. PLEASE DO NOT DISTURB TENANTS, CALL YOUR REALTOR FOR SHOWINGS.
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
FINANCIAL SUMMARY (ACTUAL - 2025) Click Here to Access
| Gross Rental Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Other Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income | |
|---|---|
| Annual | $99,999 |
| Annual Per SF | $9.99 |
| Net Operating Income | |
|---|---|
| Annual | - |
| Annual Per SF | - |
PROPERTY FACTS Under Contract
Sale Type
Investment or Owner User
Property Type
Building Size
2,084 SF
Building Class
B
Year Built
1920
Price
$599,000
Price Per SF
$287.43
Percent Leased
100%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
1,042 SF
Building FAR
0.53
Lot Size
0.09 AC
Zoning
C-2 Community Commercial - Flexible C2 zoning allows for a wide range of commercial uses & live-work opportunities (short or long term rental, multifamily?)
Parking
3 Spaces (1.44 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (100)
PROPERTY TAXES
| Parcel Number | 0275576 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $258,096 |
PROPERTY TAXES
Parcel Number
0275576
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$258,096
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1492 Pearl St
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