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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 Under Contract
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
$999,300
Price Per SF
$213.53
Cap Rate
7%
NOI
$69,951
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 |
| Land Assessment | $0 | Total Assessment | $518,044 |
Property Taxes
Parcel Number
0264604
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$518,044
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