1598 Pearl St - Office FOR SALE


Eugene, OR 97401- West University
$475,000 USD
541-953-2402
1598 Pearl St, Eugene, OR for Sale
$475,000 USD
Office - FOR SALE
1/7
null | Request Cap Rate

1598 Pearl St
Eugene, OR 97401
West University


OVERVIEW

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.

FOR SALE DETAILS

PRICE

$475,000 USD

PRICE/SF

$462 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Owner User

BUILDING DETAILS

PROPERTY TYPE

Office

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1935

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.07 AC

LAND SF

3,049 SF

ZONING

C-2 | TD

APN/PARCEL ID

0280196

ASK ABOUT THIS PROPERTY

Jeff ElderEvans, Elder, Brown, & Seubert Inc.More Info
541-953-2402

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Jeff ElderEvans, Elder, Brown, & Seubert Inc.More Info
541-953-2402

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.