Updated Flex-Use
For Sale
$850,000
2937 Merriman Rd, Medford, OR 97501
Mixed-use building with three roll-up doors and a second-floor two-bedroom apartment with private deck entrance.
Property SizeContact for details
Days on Market52
Property Features for 2937 Merriman Rd
General Information
Standard status
Active
Additional Details
Cap Rate
9.7%
Multifamily Units
1
Taxes and HOA fees
Annual Taxes
$4,389
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Rockwell Group · License #201207277
(541) 292-4444
Source:
Exprealty
Added: Jul 16
Changed: Sep 4
Last Checked: Sep 5 at 10:34AM
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 eXp Realty, LLC
Investment Insights
Based on property information with market context.
This well maintained, updated mixed-use commercial building is set up for shop, office, and storage use below, with a residential unit upstairs. The downstairs commercial area includes three roll-up doors, reception or waiting rooms, an office, and a kitchenette or break area, with ample shop, warehouse, or storage space. Upstairs features a spacious two-bedroom apartment with a large outdoor deck and a private entrance.
The property at 2937 Merriman Rd in Medford, OR is currently used by Winter’s Electric. The commercial portion has an existing NNN lease in place at $5,500 per month, running through April 1, 2027. Local property management data indicates the apartment could bring $1,400 per month. An additional adjacent 0.12-acre tax lot is included.
The property at 2937 Merriman Rd in Medford, OR is currently used by Winter’s Electric. The commercial portion has an existing NNN lease in place at $5,500 per month, running through April 1, 2027. Local property management data indicates the apartment could bring $1,400 per month. An additional adjacent 0.12-acre tax lot is included.
Key Highlights
- Mixed‑use commercial building with three roll‑up doors plus a 2‑bedroom apartment upstairs with a private entrance and large outdoor deck
- Commercial space is currently used by Winter's Electric and includes reception/waiting rooms, office, and kitchenette/break area, along with shop/warehouse/storage
- Current NNN commercial lease is $5,500/month and runs through April 1, 2027
Property Analytics
Property Profile
Current Use
Lease Details
1
Residential units
Location Intelligence
Trade Area within ½ mile
289
Businesses Nearby
Under-served
Demand for This Use
Explore this area
Business Placement
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
Market
Vacancy Rate% for Industrial in West region
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Similar Off Market Nearby
- Kaylins Kitchen Catering LLC — 2630 Wyatt Dr, Medford, OR 97501
Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use building with three roll-up doors and a second-floor two-bedroom apartment with private deck entrance.
Where is this flex space located?
The property is located at 2937 Merriman Rd Medford, OR.
What is the asking price?
The asking price for this property is $850,000.
What are key features of this property?
This property features: Mixed‑use commercial building with three roll‑up doors plus a 2‑bedroom apartment upstairs with a private entrance and large outdoor deck; Commercial space is currently used by Winter's Electric and includes reception/waiting rooms, office, and kitchenette/break area, along with shop/warehouse/storage; Current NNN commercial lease is $5,500/month and runs through April 1, 2027
