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Executive Summary
MIDTOWN OFFICE BUILDING FOR SALE
This well-appointed office building is located on the high traffic corner of Pearl Street & 16th Avenue, near popular eateries and attractions: Mucho Gusto, Toshi’s Ramen, Newman’s Fish Company, Whole Foods, Safeway, Kidsports, and South Eugene High School. Conveniently located between Downtown and South Eugene and near the University of Oregon campus, this office building offers the owner/user a rare opportunity to establish their business in the heart of Eugene.
The building is also adjacent The Midtown, a newly constructed luxury condominium building. The Midtown also features underground on-site parking, and multiple condo sizes from studios to town-homes.
BUILDING DESCRIPTION
This building consists of approximately 1,028 square feet according to the Lane County Assessor. Originally constructed in 1935, the building was updated in both 1995 and 2014. The building is two-story with four offices split between the first and second floor.
The first floor features a generous reception, two offices, and two restrooms including one shower. One of the offices on this level contains a separate entrance and is the largest of the four offices. The second-floor features two offices, both with nice natural light.
LOWER LEVEL
• Large reception/lobby area
• Two (2) offices, one with private entrance
• Two (2) restrooms
• One (1) shower
UPPER LEVEL
• Two (2) private offices
• Storage cabinets
• Good natural light
AMENITIES
• Newer Roof
• HVAC
• Security System
• Custom Window Treatments
• Shower
SITE OVERVIEW
• Tax Map: 7-03-31-44 | Lot Number: 05600
• C-2 | Community Commercial, allowing for a variety of uses
• 2025-2026 Real Property Taxes: $2,624
• According to FEMA Map 41039C1137F effective June 2, 1999, the property is located in Zone X which is an area determined to be outside the 500-year flood.
• There is an underground sump pump located below the building.
This well-appointed office building is located on the high traffic corner of Pearl Street & 16th Avenue, near popular eateries and attractions: Mucho Gusto, Toshi’s Ramen, Newman’s Fish Company, Whole Foods, Safeway, Kidsports, and South Eugene High School. Conveniently located between Downtown and South Eugene and near the University of Oregon campus, this office building offers the owner/user a rare opportunity to establish their business in the heart of Eugene.
The building is also adjacent The Midtown, a newly constructed luxury condominium building. The Midtown also features underground on-site parking, and multiple condo sizes from studios to town-homes.
BUILDING DESCRIPTION
This building consists of approximately 1,028 square feet according to the Lane County Assessor. Originally constructed in 1935, the building was updated in both 1995 and 2014. The building is two-story with four offices split between the first and second floor.
The first floor features a generous reception, two offices, and two restrooms including one shower. One of the offices on this level contains a separate entrance and is the largest of the four offices. The second-floor features two offices, both with nice natural light.
LOWER LEVEL
• Large reception/lobby area
• Two (2) offices, one with private entrance
• Two (2) restrooms
• One (1) shower
UPPER LEVEL
• Two (2) private offices
• Storage cabinets
• Good natural light
AMENITIES
• Newer Roof
• HVAC
• Security System
• Custom Window Treatments
• Shower
SITE OVERVIEW
• Tax Map: 7-03-31-44 | Lot Number: 05600
• C-2 | Community Commercial, allowing for a variety of uses
• 2025-2026 Real Property Taxes: $2,624
• According to FEMA Map 41039C1137F effective June 2, 1999, the property is located in Zone X which is an area determined to be outside the 500-year flood.
• There is an underground sump pump located below the building.
Property Facts
Sale Type
Owner User
Property Type
Office
Building Size
1,028 SF
Building Class
B
Year Built
1935
Price
$475,000
Price Per SF
$462.06
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
514 SF
Building FAR
0.34
Lot Size
0.07 AC
Zoning
C-2 | TD - C-2, Community Commercial with TD, Transit-Oriented Development Overlay
Parking
4 Spaces (3.89 Spaces per 1,000 SF Leased)
1 1
Walk Score®
Walker's Paradise (96)
Bike Score®
Biker's Paradise (100)
Property Taxes
| Parcel Number | 0280196 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $134,684 |
Property Taxes
Parcel Number
0280196
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$134,684
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1598 Pearl St
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