404 South Grape Street, Medford, OR 97501 For Sale

Merit Commercial Real Estate is pleased to exclusively present 404 S Grape Street, an 8-bed former group home located in Medford, Oregon (the "Property").

The Property presents as a wood-framed ±2,744 SF residential two-story building situated on a corner lot totaling 0.12 acres. Formerly used as a transitional housing facility for Continuum, a CARF accredited treatment agency, the Property is a well-maintained asset suitable for owner-occupants and investors alike, seeking a centrally located building with multiple potential uses. The building includes 8 bedrooms and two full bathrooms.

The first floor is comprised of ±1,372 SF and features a bright entrance, kitchen, laundry room, one full bathroom, and three private bedrooms. The second floor consists of ±1,372 SF with 5 private bedrooms and one full bathroom. Outside, the Property is easily accessible via three exterior doors with paved walkways and a paved driveway located on the western side of the building, providing ample parking space for future tenants or owner use. The Property also has shared alleyway access off of W 11th Street.

The flexible floor plan of the building allows for some income potential from room-by-room rentals or specialty housing such as Oxford House or similar program. Additionally, with recent improvements, the Property has little deferred maintenance, providing a great starting point for immediate owner-user or investment purposes.

The Property benefits from close proximity to various amenities and is in close proximity to Sacred Heart Catholic School, downtown Medford, the Jackson County Circuit Courts and the Medford Police Department, helping the security of the neighborhood. Interstate-5 access is just a 6-minute / 1.8 mile drive from the Property. Overall, the Property is within a central and growing region of Medford.

The opportunity at 404 S Grape Street is clear for prospective buyers. The Property is a well maintained 8-unit residential building with a flexible layout and strategic central location. The Property could be suitable for both investors and owner-occupants with potentially stable in-place income or as a standard residential house.

Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.