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22356527
22356550

2166 NW Vine St, Grants Pass, OR 97526 For Sale

SK
Oregon 200602153
Merit Commercial Real Estate
CH
OR 201234073
Merit Commercial Real Estate
Listed by Merit Commercial Real Estate
$5,000,000
489 days on market
Updated 1 day ago

2166 NW Vine Street

Details
APN R335408
Property Type Office, Senior Living (+1)
Sub Type Medical Office
Square Footage 22,000
Tenancy Vacant
Class A
Year Built 1984
Year Renovated 2019
Stories 2
Acreage 2.090
Zoning B-P
Investment Type Owner/User
Sale Condition 1031 exchange

Trophy, High Visibility Medical Office Building | Oregon

Marketing description

2166 NW Vine Street - an extremely high-quality, Class-A flex medical office building located in beautiful Grants Pass, Oregon (the "Property")!

The Property presents an extremely rare opportunity to acquire a trophy medical facility, with arguably the highest visibility of any similar property in the region, with unobstructed line-of-sight to a combined 41,000+ vehicles per day on Interstate 5 and Vine Street.

Following a nearly $4MM renovation in 2019, the Property was operated briefly as a PACE facility (Program of All-Inclusive Care for the Elderly); however, the facility opened in March of 2020, and was negatively affected by the timing of opening. While not a required use, the facility lends itself excellently to a new operator of the PACE program, and was built to meet and exceed the rigorous facility standards of that program (buyer to complete all due diligence).

The interior layout features approximately 17,329 square feet ("SF") on the main floor, and 4,671 SF on the lower, daylight basement.

Both floors are abundant in features and spaces, and includes: ±2,566 SF great room/cafeteria, industrial kitchen w/ buffet bar, 1,224 SF divisible conference room, 1,500+ SF physical therapy room, 2,000+ SF of corporate office space, fully-built out clinic space w/ reception, pharmacy-quality storage, abundant locker rooms (both employee and guest), hair salon space, break room, medical storage, IT closet, professional-quality elevator, as well as 22 enclosed exam rooms/offices/quiet rooms, and much more.

The infrastructure is pristine and capable, and includes a large generator, industrial HVAC, and abundant new electrical and plumbing upgrades throughout.

The exterior is in immaculate condition, with attractive landscaping, upgraded siding, new roof, and much more. A covered, brand-new bus drop-off is located on the bottom floor, and opens directly to easy elevator access for guests.

Parking is convenient, with 105 parking spaces and numerous street parking spaces towards the front and side of the Property.

There is abundant permanent signage space on the exterior of the building, as well as an oversize, grand-fathered digital billboard. Seller will retain partial use of the billboard, and permanent easement access to a majority of the parking lot.

The opportunity is clear at 2166 NW Vine Street; a perfect fit for numerous medical or similar users! Contact brokers today for more info.

Listing Contacts

SK
Oregon 200602153
Merit Commercial Real Estate
CH
OR 201234073
Merit Commercial Real Estate
Listed by Merit Commercial Real Estate

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