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Mixed-Use Building with Basement
For Sale
$3,490,000

117 S Central Avenue, Medford, OR 97501

The interior is arranged for instructional use, with office and retail uses also identified.

Property Size39,435 SF
Price / SF$88.50
Days on Market1225

Property Features for 117 S Central Avenue

General Information

Standard status Active
Size 39,435 SF
Property subtype Commercial
Zoning C-C

Additional Details

Opportunity Zone Yes

Building Details

Building Size 39,435 SF
Year Built 1928
Buildings 1
Stories 3
Units 1
Construction poured in place concrete
Listing Agency: Merit Commercial RE, LLC
Listed By: Scott N King · License #OREGON200602153
Source: Desertskyrealestate
Added: Jun 19, 2023 Changed: Oct 23 Last Checked: Oct 23 at 5:56PM

Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Merit Commercial RE, LLC

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Investment Insights

Based on property information with market context.

This two-story mixed-use property has a full basement and mezzanine and is currently arranged as an instructional facility. The building dates to 1928 and contains 39,435 square feet. Construction includes poured-in-place concrete with stucco, wood roof beams, and a built-up roof. A full seismic upgrade has been completed.

Zoned C-C, the property is within a Federal Opportunity Zone. Office and retail uses are identified, and redevelopment is described as a possibility.

Key Highlights

  • 39,435‑square‑foot building constructed in 1928
  • Two stories, full basement, and mezzanine
  • Poured‑in‑place concrete construction with stucco exterior

Property Analytics

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Current Use

RCC Riverside Campus ... Community College TRiO Rogue Opportunity ... Charitable Organization Tree Service Experts ... Landscaping

Suggested Use

Top Pick Butcher Carpet & Flooring Store Florist (Bike/Boat/Book/etc) Store Mobile Phone Store Clothing & Fashion Store

Score = modeled unmet demand for each use within ~1 mi (higher = bigger opportunity). Zoning and permitted uses should be independently verified with local authorities.

Location Intelligence

Trade Area within ½ mile

3,107
Businesses Nearby

Demographics for 97501, OR

47,519
Population
19,370
Households
2.5
Avg Household Size
37
Median Age
20%
College-Educated
90%
High-School Grad
45.3 sq mi
ZIP Area
1,049
Density / Sq Mi
$61,971
Median Household Income
$36,471
Median Earnings
$1,238
Median Rent
$325,200
Median Home Value
Check the figures for this property Cap Rate, Value Estimation, Potential NOI and more
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Market

Vacancy Rate% for Office in West region

11% 2019
14.1% 2020
15.5% 2021
17.2% 2022
19.9% 2023
21% 2024
20.8% 2025

Frequently Asked Questions

What type of property is this?
Mixed-use property - The interior is arranged for instructional use, with office and retail uses also identified.
Where is this mixed-use property located?
The property is located at 117 S Central Avenue Medford, OR.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: 39,435‑square‑foot building constructed in 1928; Two stories, full basement, and mezzanine; Poured‑in‑place concrete construction with stucco exterior
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