505 S A St - Storefront Retail/Office FOR SALE


Springfield, OR 97477- Outer Eugene
$789,000 USD
541-520-0067
505 S A St, Springfield, OR for Sale
$789,000 USD
Storefront Retail/Office - FOR SALE
1/5
null | 7.1% Cap Rate

505 S A St
Springfield, OR 97477
Outer Eugene


HIGHLIGHTS

  • NNN investment with established tenant (Hometown Pets) and stable income
  • 7.1% cap rate with 3% annual rent increases
  • Signalized corner location with strong visibility and frontage
  • 0.51-acre site with 20+ parking spaces and multiple access points
  • Downtown Springfield location near Main Street, EmX line - Springfield Station

OVERVIEW

NNN investment opportunity featuring a 3,889 SF stand-alone retail building on 0.51 acres in Downtown Springfield. Located on a signalized corner at 5th Street and S A Street with strong visibility, multiple access points, and 20+ parking spaces. Fully leased to Hometown Pets with an annual rent of $59,040 and 3% annual increases. Positioned one block from Main Street’s primary retail corridor and in close proximity to the EmX Bus Rapid Transit line and Springfield Station. Offered at $789,000 (7.1% cap rate).

FOR SALE DETAILS

PRICE

$789,000 USD

PRICE/SF

$200 USD /SF

CAP RATE

7.1%

% LEASED

-

TENANCY

Single

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Downtown Springfield Retail Investment

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Office

ADD'L SUBTYPES

Freestanding, Storefront

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1953

SPRINKLERS

-

PARKING SPACES

30

LAND DETAILS

LAND ACRES

0.51 AC

LAND SF

22,216 SF

ZONING

MCU (Mixed Use Comm.)

APN/PARCEL ID

1418779

ASK ABOUT THIS PROPERTY

Ben WanichekCampbell Commercial Real EstateMore Info
541-520-0067

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Ben WanichekCampbell Commercial Real EstateMore Info
541-520-0067

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