107 Q StSpringfield, OR 97477

For Sale
$1,500,000 View listing
  • Commercial real estate
  • 0.50 AC

Property Details for 107 Q St

Lot size
0.50 AC
Zone code
CC-COMMUNITY COMMERCIAL
Property type
Commercial real estate
APN
17-03-26-32-00100-000
APU
1703263200100000

Description

This exceptional 3,844 square foot commercial property, situated on a half-acre lot at 107 W Q St Unit 107, Springfield, OR, presents a lucrative investment opportunity. Boasting a prime location between West Q Street and Pioneer Parkway, this building enjoys high daily traffic volume, ensuring excellent visibility for your business or tenants. Currently housing four established businesses—an insurance agency, a tattoo parlor, and a bookkeeping service—the property offers a diverse and stable tenant base with long-term leases (3-5 years). Each tenant occupies a self-contained unit with individual walls, utility meters, restrooms, heat pumps, and security systems, providing both privacy and operational independence. The insurance agency unit includes a spacious kitchen, a large main workspace, ample built-in storage, and two 15'x15' private offices. The tattoo parlor boasts over 1,000 square feet of space with vinyl plank flooring, a dedicated storage room, and an accessible bathroom. The bookkeeping service features two large offices (approximately 20'x15' and 15'x15'), a storage room, and a full accessible bathroom with a walk-in shower. The property also includes over 20 paved parking spaces. Its versatility makes it suitable for a variety of uses, including a drive-thru restaurant, coffee shop, or electric vehicle charging station. The asking price is $1,500,000.

Valuation
by Paperhouses methods

Valuation date:
Dec 11, 2024
  • Alternative Use

    Use
    Valuation
    Residential
    $5,108,330
    Hospitality
    $4,679,202
    Educational
    $3,893,042
    Medical
    $4,026,929
    Retail
    $6,055,842
107 Q St, Springfield, Oregon

Location Insight

City
Springfield
County
Lane
State
Oregon
Latitude
44.0617
Longitude
-123.027
CBSA code
21660
CBSA name
EUGENE-SPRINGFIELD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$9,958
-
-
$543,380
-
$556,296
$442,761
$999,057

FAQs

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