1413 Charnelton St Eugene, OR 97401

This exceptional 0.28-acre commercial development site in Eugene, Oregon, presents a unique investment opportunity. Located at 1413 Charnelton St, 97401, this property boasts a total area of 12,197 square feet and is zoned R-4 (SR Overlay), allowing for a maximum of thirty-one units based on zoning guidelines. The site offers approximately 120 feet of frontage on Olive Alley, providing excellent visibility and accessibility. An existing 2,233 square foot building is currently leased on a month-to-month basis, generating a monthly income of $3,900, with a 120-day notice requirement for termination. This income stream provides immediate return on investment while offering significant upside potential for future development. The asking price for this prime location is $980,000. This property is ideal for developers seeking to capitalize on Eugene's thriving market and create a high-density residential or mixed-use project. The strategic location and zoning regulations make this a truly remarkable opportunity for significant returns. Don't miss this chance to acquire a highly desirable development site in a rapidly growing area.