Three-Bay Auto
For Sale
Contact for pricing
348 N Riverside Avenue, Medford, OR 97501
Customer-facing office and waiting space complement a paved, lighted yard designed for automotive operations.
Property Size2,059 SF
Lot Size0.69 Acres
Days on Market47
Property Features for 348 N Riverside Avenue
General Information
Standard status
Active
Size
2,059 SF
Total Parking Spaces
55
Lot size
0.69 Acres
Zoning
C-C
Site & Location
Traffic Count
33,500 vehicles/day
Road Access
Yes
Additional Details
Service Bays
3
Amenities
fully paved and lighted yard
three dedicated driveways
in-floor drains/catches
radiant gas heat
vaulted ceilings
adjacent storage rooms
office
waiting area
restroom
storage/utility space
Building Details
Buildings
1
Listing Agency:
Merit Commercial RE, LLC
Listed By:
Caspian C Hoehne · License #201234073
(541) 608-6704
Source:
Evimerorealty
Added: Sep 5
Changed: Oct 19
Last Checked: Oct 20 at 8:34PM
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 three-bay auto shop includes approximately 2,059 SF of building area on 0.69 acres. The shop offers approximately 1,060 SF of open workspace, three 10' x 9.5' partial-glass overhead doors, in-floor drains and catch basins, radiant gas heat, vaulted ceilings, and adjoining storage rooms. A public-facing office, waiting area, restroom, and additional storage and utility space support customer-oriented service operations.
The fully paved and lighted yard accommodates approximately 45–55 vehicles. Three dedicated driveways provide site access, while approximately 470' of frontage on three sides creates exposure to 33,500+ VPD and two signalized intersections. C-C zoning supports automotive, retail, and service uses.
The fully paved and lighted yard accommodates approximately 45–55 vehicles. Three dedicated driveways provide site access, while approximately 470' of frontage on three sides creates exposure to 33,500+ VPD and two signalized intersections. C-C zoning supports automotive, retail, and service uses.
Key Highlights
- Approximately 2,059 SF building on 0.69 acres
- Three‑bay shop with approximately 1,060 SF of open workspace
- Three 10' x 9.5' partial‑glass overhead doors
Financial Insights
Estimated NOI and Cap Rate
NOI / Yr
$13,132
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,640
$262.6K
Cap Rate 7%
$187,600
$187.6K
Cap Rate 9%
$145,911
$145.9K
Market Conditions
NOI Build-Up for 2,059 SF
Gross rent
$19.5K $9.48/SF
− Vacancy
−$759 −$0.37/SF
EGI
$18.8K $9.11/SF
− OpEx
−$5.6K −$2.73/SF
NOI
$13.1K $6.38/SF
Area
Jackson County, OR
Vacancy
3.89%
Lease Rate
$9.48 /SF/Yr
Expense Ratio
30.00%
Simulate Cap Rate and NOI
Suggested Prices Based on Cap Rates
Cap Rate 5%
$262,640
Cap Rate 7%
$187,600
Cap Rate 9%
$145,911
Alternative Uses
Best Use
Retail
$406.9K
$356.1K – $474.8K
NOI $28,486 @ 7.0% cap · market cap 1,424,300.00%
Second Best
Flex RnD
$268.1K
$234.6K – $312.8K
NOI $18,770 @ 7.0% cap · market cap 938,500.00%
Theoretical Best
Office A
$497.0K
$434.9K – $579.8K
NOI $34,789 @ 7.0% cap · market cap 1,739,450.00%
Zoning and permitted uses should be independently verified with authorities.
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Property Analytics
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Open Analytics
Current Use
Lease Details
3
Service bays
33,500 VPD
Traffic count
Yes
Paved road access
Location Intelligence
Trade Area within ½ mile
3,470
Businesses Nearby
Well-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
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Cap Rate, Value Estimation, Potential NOI and more
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Market
Vacancy Rate% for Industrial in West region
Similar Off Market Nearby
- C T Auto Repair & Express Lube — 602 S Riverside Ave, Medford, OR 97501
- Chancler Transmissions — 409 Earhart St, Medford, OR 97501
- The Helping Hand — 1 N Holly St, Medford, OR 97501
- LA Automotive — 125 N Holly St, Medford, OR 97501
- Arney's Mobile — Medford, OR 97504
Frequently Asked Questions
What type of property is this?
Auto shop - Customer-facing office and waiting space complement a paved, lighted yard designed for automotive operations.
Where is this auto shop located?
The property is located at 348 N Riverside Avenue Medford, OR.
What are key features of this property?
This property features: Approximately 2,059 SF building on 0.69 acres; Three‑bay shop with approximately 1,060 SF of open workspace; Three 10' x 9.5' partial‑glass overhead doors
