45 W Broadway - Storefront Retail/Residential FOR SALE


Eugene, OR 97401- Downtown Eugene
$5,905,769 USD
458-209-2480
45 W Broadway, Eugene, OR for Sale
$5,905,769 USD
Storefront Retail/Residential - FOR SALE
1/36
null | Request Cap Rate

45 W Broadway
Eugene, OR 97401
Downtown Eugene


HIGHLIGHTS

  • Premier Downtown Eugene portfolio with national and long-term tenants on a highly visible corner.
  • Experience elevated curb appeal as both façades were remodeled: 45 W Broadway in 2012 and repainted in 2024
  • Ideally 95% leased with stabilized income, the property's value reflects pro forma rent on one vacancy backed by a six-month seller rent guarantee.
  • Diverse tenant mix of office, retail, and multifamily, creating balanced income streams and reduced vacancy risk for investors.
  • Backed by long-term stability, the anchor tenants, Wells Fargo is leased through 2030, and Broadway Metro Theater has a lease through 2029.

OVERVIEW

Embark on an outstanding Downtown Eugene investment, 45 West Broadway, at a highly visible corner in the heart of Eugene’s urban core. The building offers a rare opportunity to acquire a nearly fully leased property with long-term and national tenants, stabilized cash flow, and value-add upside through future lease-up and rent growth. The portfolio is 95% occupied, with the one retail vacancy at 45 West Broadway secured by a six-month rent guarantee. Tenants include Wells Fargo, which has a lease through 2030, and Broadway Metro Theater, which is leased through 2029, providing dependable income from strong credit-worthy anchors. This property has undergone extensive exterior improvements, enhancing curb appeal and minimizing near-term capital needs. 45 West Broadway received a full façade remodel in 2012 and a fresh repaint in 2024. The building encompasses a mix of office, retail, and multifamily uses, offering diversified income streams and reduced vacancy risk for investors. The property sits at a prominent downtown intersection with high foot traffic, excellent visibility, and adjacency to Eugene’s best retail, dining, and public transit options. The area is experiencing significant public and private investment, driven by population growth, the University of Oregon’s economic influence, and ongoing revitalization efforts in the downtown core. 45 West Broadway combines stable cash flow with potential for long-term appreciation in one of Oregon’s most dynamic urban markets. • Note that the adjacent building (856 Willamette) can be purchased together with 45 West Broadway. • The combined price for both assets is $9,240,000, representing a 7.69% combined CAP rate.

FOR SALE DETAILS

PRICE

$5,905,769 USD

PRICE/SF

$319 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

Multiple

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

First on Broadway

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1950

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.25 AC

LAND SF

11,021 SF

ZONING

C-3 BW/TD

APN/PARCEL ID

1042066,1052560,1404787

ASK ABOUT THIS PROPERTY

McKenna MikesellRSM REAL ESTATE GROUP, LLCMore Info
458-209-2480

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McKenna MikesellRSM REAL ESTATE GROUP, LLCMore Info
458-209-2480

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