39,435 Sq Ft office, opportunity zone building
Opportunity Zone
Marketing description
Merit Commercial Real Estate is pleased to exclusively present 117 S Central Avenue, a professional office building located in beautiful downtown Medford, Oregon (the "Property").
The Property is located in the center of downtown Medford on one 0.29 acre parcel. The building is a local icon, previously used as an instructional facility for Rogue Community College with high foot-traffic and visibility.
The building itself consists of ±39,435 SF spanning over three full floors and one partial mezzanine. The layout is currently for instructional use but could accommodate for a wide variety of uses such as a professional office or retail.
The basement level consists of ±12,500 SF and includes additional classrooms, computer labs, staff rooms and much more. The first floor is ±12,435 SF and second floor is ±12,500 SF. Both floors feature multiple office rooms, open workspaces, conference rooms, restrooms, room for storage, and much more. The building also features a bright ±2,000 SF mezzanine between the first and second floor.
Outside, the Property enjoys shared alleyway access off of E 8th Street and E 9th Street as well as on-street parking.
Prospective buyers should note that while the building was originally constructed in 1928, the facility has gone through extensive cosmetic and structural overhauls including a large remodel in 2001 with a seismic retrofit.
A key highlight of the Property is its central location, overall high visibility and abundant parking (see pg. 5 for more details). The Property is centered in the middle of downtown Medford and is surrounded by a diverse mix of retail and educational facilities including Rogue Community College, the Craterian Theater, Jackson County Library and much more.
The opportunity at 117 S Central Avenue is clear for prospective buyers. The Property is well maintained and has an extremely flexible office layout. With a central location and high-visibility, the Property could also be used for retail uses.
Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.
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