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31155693
31155685

117 S Central Ave, Medford, OR 97501 For Sale

SK
Oregon 200602153
Merit Commercial Real Estate
Listed by Merit Commercial Real Estate
$3,490,000
1128 days on market
Updated 19 days ago
Opportunity zone

39,435 Sq Ft office, opportunity zone building

Details
APN 1-037016-7
Property Type Office
Sub Type Creative Office
Square Footage 39,435
Net Rentable (SqFt) 39,435
Tenancy Vacant
Lease Type NNN
Pro-Forma Cap Rate 10.32%
Pro-Forma NOI $360,000
Price per SqFt $89
Class B
Year Built 1928
Year Renovated 2002
Buildings 1
Stories 3
Acreage 0.280
Zoning community commercial
Investment Type Redevelopment

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.

Listing Contacts

SK
Oregon 200602153
Merit Commercial Real Estate
Listed by Merit Commercial Real Estate

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