Welcome to Pennington Realty, Inc. We are a full-service real estate company specializing in commercial and investment properties in Lane County and throughout the state of Oregon. 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 clients and our hard work to achieve their real estate goals. Please contact our brokers and we will be happy to answer any questions you have regarding our services or real estate in Oregon.

Recently Listed Properties

Former Charter School in Cottage Grove

Cottage Grove, OR

For Sale

Special Purpose

Price: $559,000

Size: 8,695 SF (Land: 5.39 acres)

Description/Features: Beautiful and unique rural commercial property 7 miles east of Cottage Grove I-5 exit. Formerly a charter school, great opportunity for corporate retreats, youth camps, research and many more.

Flyer - 76132 Blue Mountain School Rd.
Flyer 76132 Blue Mountain School Rd.pdf
Adobe Acrobat document [2.0 MB]

378 Q St. High Quality Office Space

Springfield, OR

For Lease


Lease Rate: $1.17/SF NNN

Size: 1,740 SF

Description/Features: High quality ground floor office space newly built out in March 2017. 3 private offices, reception area, kitchenette/ break room and private ADA restroom. Ample Parking. Large front windows provide lots of natural light. Available now.

Flyer - 378 Q St.
Flyer - Springfield - 378 Q Street.pdf
Adobe Acrobat document [1.3 MB]

Gateway Plaza Suite 110 Medical / Office

Springfield, OR

For Lease

Office / Medical Space

Lease Rate: $1.17/SF Full Service

Size: 3,400 SF

Description/Features: Medical / Office space in the Gateway Plaza office building at 1144 Gateway Loop Suite 110. Located in the busy Gateway area. Great medical / office space

Flyer - Gateway Plaza Suite 110
Flyer - Springfield 1144 Gateway Lp Ste [...]
Adobe Acrobat document [4.1 MB]

4061 Main St. 9,714 SF Office Building

Springfield, OR

For Sale Price Reduced!

Zoning: Community Commercial (CC)

Sale Price: $884,000 $810,000

Size: 9,714 SF


Single story office building on the major arterial in Springfield, OR. Great opportunity for an owner-user. The property has ample parking in both the front and back of the building. The 9,714 SF is divided into three suites, two of which are leased. Vacant Suite C is 5,000 SF. Zoned Community Commercial.

4061 Main Street
4061 Main St. Flyer .pdf
Adobe Acrobat document [2.8 MB]

3.46 Acres North Game Farm Rd. E-1 Land

For Sale or Build-to-Suit

Type: Zoning: E-1 Campus Employment

Sale Price: $2,562,200 ($17 psf)

Size: 3.46 Acres ($150,717 sf)


For sale or Built-to-suit, rectangular parcel of 3.46 Acres of Campus Employment commercial land on North Game Farm Road between the intersection of Old Coburg Rd. and the I-5 overpass. Very close to the new VA hospital and excellent visibility from I-5. Utilities to site/ Ready to build on. E-1 zoning allows medical, office, restricted retail and other uses. Tax lot: 17-03-16-41-201

404' of frontage on North Game Farm rd. between the intersection of Old Coburg rd. and North Game Farm rd. and the I-5 Overpass. Eugene, OR 97408


3.46 AC N Game Farm rd. FS or BTS
Flyer - N. Game Farm Road - 3.46 AC.pdf
Adobe Acrobat document [1.2 MB]

HWY 101 Commercial Land Florence, OR

For Sale

Type: Zoning: H (Highway District)

Sale Price: $637,900

Size: 1.82 acres (79,279 SF)

Description/Features: Large 1.82 acre parcel fronting on HWY 101 in Florence, OR. Located next to the Economy Inn near the intersection of 40th Street & HWY 101. Near to Sandpines Golf Course and Fed Meyer. Zoning allows for commercial, multi-family, PUD, mini-storage use. Two parcels: CAN BE SOLD SEPARATELY.

Flyer- Florence HWY 101 Land
Flyer- Florence - Hwy 101 - Combined - [...]
Adobe Acrobat document [8.7 MB]

3,990 SF End Cap Retail Space in Springfield

Springfield, OR

For Lease 

Type: Zoned Community Commercial

Rent: $7,381/ month ($1.85/sf/month) NNN

Dimensions/ Space: 3,990 SF 

Description/Features: Newer retail center in high quality building in an excellent Springfield location. Great visibility being an End Cap space directly on Olympic St.  Open space with high ceilings and lots of natural light. Located at the SE corner of Olympic St. and 23rd St. at the entrace to Jerry's Home Improvement Center. Other large details that surround the property are Super Walmart and Wilco. Exisiting tenants at the property are Verizon, Tan Republic, Vape Game, Patty's Deli and H & R Block. Please see flyer for more details.


END CAP Retail Space 3,990 SF Springfield
Flyer - Springfield - 2329 Olympic St.pd[...]
Adobe Acrobat document [5.1 MB]

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

5690 Main Street

Springfield, OR

For Sale or Lease

Type: Zoned Community Commercial

Sale Price: $1,210,000

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
Flyer 5690 Main Street FSFL.pdf
Adobe Acrobat document [16.0 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: $3,420,000 (6.25% Cap rate)

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

Description/Features: Leasehold property- Ground Lease that expires 2036 with 10-year option to extend. NOI of approximtely $213,765. 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.

Corvallis Fed Ex Flyer
Flyer- Corvallis - Fedex Distribution C[...]
Adobe Acrobat document [1.7 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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