Welcome to Pennington Realty, Inc. We are a full-service real estate company specializing in commercial and investment properties in Lane County. With close to 80 years of combined experience in the industry, our brokers have earned a strong reputation for hard work, expert knowledge and professionalism. As a small firm, we pride ourselves on in-depth understanding of the individual needs of our customers and working hard to achieve their real estate goals. Please contact any of our brokers and we will be happy to answer questions you have regarding our services or real estate in Oregon.

Learn more about our brokers and the services we offer.

Recently Listed Properties

1075 International Way

1075 International Way

Springfield, OR

For Sale

Type: Zoned Community Commercial

Sale Price: $3,641,000 

Dimensions/ Space: Building: approx. 24,660 SF , Land: 220,381 SF (5.06 acres)

Description/Features: Gateway area of West Springfield. Located at the SE corner of International Way and Gateway Street. Neighboring properties are office, commercial, motels and light industrial warehouse. Please see flyer for more specific details about this one of a kind property.

Flyer 1075 International Way Springfield
Flyer 1075 International Way.pdf
Adobe Acrobat document [1.5 MB]

Former Key Bank Located at Corner of I-105 and Main St. in Thurston Area

5690 Main Street

Springfield, OR

For Lease

Type: Zoned Community Commercial

Rent: $8,000/ month NNN ($96,000/ annually NNN)

Dimensions/ Space: Building: approx. 8,412 SF , Land: 34,848 SF (0.80 acres)

Description/Features: Located in the Thurston area of east Springfield on the NE corner
of Main Street and I-105. Hard corner with excellent visibility from both the street and
freeway. Excellent opportunity for redevelopment: Drive-through fast
food or coffee. Lessor is offering a long term lease: 20+ years with numerous
options. 2% annual base rent increases. 

Flyer 5690 Main St. Springfield
5690 Main St. Springfield .pdf
Adobe Acrobat document [1.6 MB]

Leased Investment Property; Fed Ex Distribution in Corvallis

210 S.W. Airport Ave.

Corvallis, OR

For Sale

Type: Airport and Industrial uses

Sale Price: $3,200,000 (8.0% Cap rate)

Dimensions/ Space: Building: approx. 39,909 sf , Land: 196,020 sf (4.5 acres)

Description/Features: Leasehold property- Ground Lease that expires 2046 with 10-year option to extend. NOI of approximtely $256,671. Located on NW corner of Hwy 99 and SW Airport Avenue in the Corvallis Airport Industrial Park. Please view flyer for details on the building's improvements and features.

Flyer 210 S.W. Airport Avenue
Flyer- Corvallis - Fedex - 201 SW Airpo[...]
Adobe Acrobat document [1.1 MB]

 High Quality Office Building

250 Country Club Road

Eugene, OR

For Sale or Lease

 SOLD

Type: Office Building

Sale Price: $3,600,000 $2.99 mil

Lease Rent: $1.25  $1.00/sq.ft. NNN

Dimensions/ Space: 20,810 sf. (1st floor: 11,240 sf. 2nd floor: 9,570 sf.

Net rentable area: approx. 20,496 sf.

Description/Features: Highly desirable, prime office location in the north Eugene area. Easy access to freeways, downtown, Valley River Center, and Oakway Mall. Across the street from Eugene Country Club.

250 Country Club Road Flyer
Flyer- Eugene - 250 Country Club Road.p[...]
Adobe Acrobat document [1.2 MB]

Restaurant/ Apartment 4,000 sf in Florence

385020 Hwy 101

Florence, OR 97439

For Sale

Type: Retail (sub: restaurant)

Price: $524,500 ($131.13/ sf)

Dimensions/ Space: 4,000 sf (2,500 sf restaurant, 1,500 sf apartment upstairs)

Description/Features: Full service restaurant. Sale includes building, land, business, restaurant equipment and fixtures
68 seats in restaurant, full kitchen/ 10' hood, large banquet room, two restrooms,
all furniture, utensils, and equipment included with sale. Many recent improvements including flooring, counters, POS system, and others
Separate 2nd floor apartment: 3 bedrooms / 1 bath, 1,500 sf - Rent: 750/month
Building size: 4,000 +/- sq. ft. Restaurant : 2,500 sf Apartment: 1,500 sf
Extra space in a large, open basement area - Separate detached garage

Morgan's Country Kitchen Restaurant
Flyer for Morgan's Country Kitchen, 4,000sf in Florence, OR
Flyer- Florence - 85020 Hwy 101.pdf
Adobe Acrobat document [1.0 MB]

Pennington Realty Inc.

1144 Gateway Loop ste 205

Springfield, OR 97477

Office #: 541-344-5959

Fax #: 541-344-5966

 

John Pennington, CCIM, GRI

     Cell #: 541-579-4600

     Email: john@jpennington.com

Jack Pennington

     Cell #: 541-513-0918

     Email: jack@jpennington.com

 

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