Storefront Building with
For Sale
$369,000
36 S Riverside Avenue, Medford, OR 97501
Single-story commercial space with showroom windows, two offices, two bathrooms, and two separate entrances.
Property Size1,944 SF
Price / SF$189.81
Days on Market742
Property Features for 36 S Riverside Avenue
General Information
Standard status
Active
Size
1,944 SF
Property subtype
Commercial
Zoning
C-C
Additional Details
Opportunity Zone
Yes
Corner Location
Yes
Taxes and HOA fees
Annual Taxes
$3,580
Amenities
two separate entrances
large street-facing showroom windows
two offices
two bathrooms
open showroom area
basement
wired for data and sound with four speakers
Building Details
Building Size
1,944 SF
Year Built
1940
Buildings
1
Stories
2
Units
1
Listing Agency:
eXp Realty, LLC
(888) 814-9613
Listed By:
Lisa Sears · License #200112099
Source:
Allprofessionalsre
Added: Jul 22, 2024
Changed: Aug 2
Last Checked: Aug 2 at 7:02AM
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.
Built in 1940, this single-story storefront property at 36 S Riverside Avenue in Medford includes 1,944 sq ft on the main level plus an approximately 1,000 sq ft basement for storage or expansion. The layout provides an open showroom, two offices, two bathrooms, large street-facing windows, and two separate entrances. Data and sound wiring, along with four speakers, are installed. Community Commercial (C-C) zoning supports a range of business uses, and the floor plan can be reconfigured.
The building occupies a corner at a lighted intersection along a main route into town, with vehicle and pedestrian traffic. It is adjacent to the RCC Higher Ed Center and next to a large public parking lot. Downtown dining, entertainment, and businesses are within walking distance, and the property is in a designated Opportunity Zone.
The building occupies a corner at a lighted intersection along a main route into town, with vehicle and pedestrian traffic. It is adjacent to the RCC Higher Ed Center and next to a large public parking lot. Downtown dining, entertainment, and businesses are within walking distance, and the property is in a designated Opportunity Zone.
Key Highlights
- 1,944 sq ft single‑story commercial building with an approximately 1,000 sq ft basement
- Two offices, two bathrooms, open showroom, and two separate entrances
- Large street‑facing showroom windows at a lighted corner intersection
Financial Insights For Retail
Simulate Cap Rate and NOI
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $42.0k | $21.60 |
| − Vacancy | −$3.6k | −$1.84 |
| EGI | $38.4k | $19.76 |
| − OpEx | −$11.5k | −$5.93 |
| NOI | $26.9k | $13.83 |
1,944 SF · lease $21.60/SF/yr · vacancy 8.50% · expense 30.00%
Alternative Uses
Best Use
Retail
$384.2K
$336.2K – $448.3K
NOI $26,895 @ 7.0% cap · market cap 7.29%
Second Best
Office B
$339.9K
$297.4K – $396.6K
NOI $23,795 @ 7.0% cap · market cap 6.45%
Theoretical Best
Office A
$469.2K
$410.6K – $547.4K
NOI $32,846 @ 7.0% cap · market cap 8.90%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Current Use
Location Intelligence
Trade Area within ½ mile
3,097
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 Office in West region
Questions? Ask Rey
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Similar Off Market Nearby
- Infinity Flower and gifts — 424 Boardman St, Medford, OR 97501
- Woolvies Florist — 612 crater lake ave, medford, or 97504
Frequently Asked Questions
What type of property is this?
Storefront property - Single-story commercial space with showroom windows, two offices, two bathrooms, and two separate entrances.
Where is this storefront property located?
The property is located at 36 S Riverside Avenue Medford, OR.
What is the asking price?
The asking price for this property is $369,000.
What are key features of this property?
This property features: 1,944 sq ft single‑story commercial building with an approximately 1,000 sq ft basement; Two offices, two bathrooms, open showroom, and two separate entrances; Large street‑facing showroom windows at a lighted corner intersection
