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

 Sale Pending

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]

2743 River Road Retail Strip Center

2743-2775 River Road

Eugene, OR

For Sale

Type: Zoned C-2/ SR (General Commercial)

Sale Price: $1,509,000

Dimensions/ Space: Building: approx. 9,464 sf , Land: 35,400 SF (to be partitioned)

Description/Features: NOI: $109,410 Cap Rate: 7.25%. Current Tenants: Mini Pet Mart, ABTS Accountants, The Filling Station, Cable Communications. 100% occupancy. Available seperately are the vacant parcel behind building comprising 39,000 sf +/- Ready to build on SP: $390,000. The other parcel is 45 Hunsaker Lane with a Retail building of approx. 835 sf with tenant. SP: $215,000

Flyer 2743 River Road
Flyer- Eugene - 2743 River Road.pdf
Adobe Acrobat document [9.8 MB]

Residential Property

2252 Marie Lane

Eugene, OR

For Sale


Sale Price: $396,000

Dimensions/ Space: Lot Size: 6,534 sf, Living Area: 2,371 sf, 4 Bed/ 3 Bath, 2-car Garage 

Description/Features: Beautiful home in fantastic condition!  Highly desirable Gilham neighborhood!  Most of the home has been greatly upgraded – wood flooring, granite countertops, new carpeting, newer appliances, newer roof.  Great room, gas fireplace, speaker system thru house. Well landscaped fenced yard with fire pit, covered deck, patio.

Flyer- Eugene- 2252 Marie Lane
Flyer- Eugene - 2252 Marie Lane .pdf
Adobe Acrobat document [1.3 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]

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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