725 Olive St
Eugene, OR 97401
Downtown Property · Retail Property For Sale

The property consists of two buildings that are controlled by M Jacobs Furniture. M Jacobs Store has been a fixture of downtown Eugene for over 75 years. The main store is a two story open building that would be perfect for high-tech companies wanting to convert an older building with character into an open floor plan office space with very unique features. There is even a grand staircase that takes you up to the second floor. The office building was built in 1970 and has an open office plan on the second floor with two main spaces on the first floor. The building is elevator served and can house multi tenants or one company. Both of these buildings can be remodeled, or redeveloped together, into a new use that is central to downtown Eugene. The property is located less than one mile from the front door of the University of Oregon, on the corner of Olive Street and 7th & 8th Avenue in Downtown Eugene. Recent additions to the Downtown sub-market have been Lane Community College, as well as, a very exciting high-tech industry which is heavily concentrated in Eugene’s Downtown core. This property sits in an opportunity zone. The Tax Cuts and Jobs Act created a section of the Tax Code that allows taxpayers to take advantage of a new investment vehicle called Opportunity Funds. The purpose of this new investment vehicle is to help direct resources to low-income communities, known as Qualified Opportunity Zones, through a more market-driven approach.