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3404 S Pacific Highway

Medford, OR 97501
  • $949,000
  • STATUS: Pending
  • ON SITE: 116 Days
  • MLS #: 220187782
Pending
UPDATED: 66 min ago
$949,000
  • 0
    BEDS
  • 1.76
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 11,008
    SQFT
  • $86
    $/SQFT
Type:
Commercial
Built:
1940
County:
Area:

School Ratings & Info

Listing provided courtesy of Windermere Van Vleet & Assoc2 :.

Description

Commercial building on South Pacific Highway. Current tenant is Picker's Paradise with a one year lease, triple net, which equates to a 7.5% Cap Rate. Property is 1.76 acres and is zoned C-G so it's possible for commercial and/or apartment development. Apartments exist on the north side of property. The building is 11,008 square feet and in good condition. Property is priced well as an investment and with all of the new development in Phoenix the price also makes sense for commercial land at $12/sf and multifamily land @ $20,000/unit.

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Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Coldwell Banker Bain are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Coldwell Banker Bain. Data last updated: .2024-12-02T08:43:53.987
www.bendareahomefinder.com/homes/153416340
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3404 S Pacific Highway Medford, OR 97501

  • Price: $949,000
  • Status: Pending
  • On Site: 116 Days
  • Updated: 66 min ago
  • MLS #: 220187782
0
Beds
0
Baths
0
½ Baths
1.76
Acres
11,008
SQFT
$86
$/SQFT
1940
Built
County:
Jackson
Area:
Medford
Property Description
Commercial building on South Pacific Highway. Current tenant is Picker's Paradise with a one year lease, triple net, which equates to a 7.5% Cap Rate. Property is 1.76 acres and is zoned C-G so it's possible for commercial and/or apartment development. Apartments exist on the north side of property. The building is 11,008 square feet and in good condition. Property is priced well as an investment and with all of the new development in Phoenix the price also makes sense for commercial land at $12/sf and multifamily land @ $20,000/unit.
Exterior Features

Attached Garage YN No Body Type [] Construction Materials Frame Exterior Features [] Foundation Details Slab Lot Features [] Parking Features Asphalt Roof Built-UpComposition Window Features []

Interior Features

Basement [] Cooling Other Cooling YN Yes Flooring Concrete Heating Natural GasOther Heating YN Yes Interior Features [] Levels One Unit1 Square Footage 11008

Property Features

Additional Parcels YN No Building Area Total 11008 CCRs YN No Common Walls No Common Walls Listing Terms CashConventional New Construction YN No Number Of Parking Spaces 58 Other Structures [] Owner Pays [] Road Frontage Type [] Road Surface Type [] Security Features [] Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 6525.38 Tax Year 2023 Tenant Pays Common Area MaintenanceElectricityExterior MaintenanceGasInsuranceInterior MaintenanceJanitorial ServiceRepairsSewerTaxesWater Unit1 Monthly Rent 5925 Unit1 Status Leased View [] Water Source Public Waterfront Features [] Zoning Description C-G

Listing information © 2024 MLS of Central Oregon
Listing provided courtesy of Windermere Van Vleet & Assoc2 :.

Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Coldwell Banker Bain are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Coldwell Banker Bain. Data last updated: .2024-12-02T08:43:53.987
 
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Coldwell Banker Bain
70 SW Century Drive
Bend OR, 97702
Listing provided courtesy of Windermere Van Vleet & Assoc2 :.