Highly Visible Mixed-Use Flex
501 N Main Street Phoenix, OR 97535
For Sale
$369,000
Mixed-use property with two distinct spaces, including a workshop featuring a 9' overhead door and paved front lot.
Property Size1,704 SF
Price / SF$216.55
Days on Market268
Property Features for 501 N Main Street
General Information
Standard status
Active
Size
1,704 SF
Property subtype
General Commercial
Building Details
Year Built
1947
Listing Agency:
Merit Commercial RE, LLC
(541) 944-9967
Listed By:
Caspian Hoehne
(541) 944-9967
Source:
Xome
Added: Nov 4, 2025
Changed: Jul 23
Last Checked: Jul 29 at 4:05AM
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
Investment Insights
Based on property information with market context.
501 N Main Street is a highly visible mixed-use property offered for sale with owner-carry terms available. The building contains two distinct spaces totaling approximately 1,704 SF: a main retail space that historically served as a light-use medical area, and an adjacent workshop space designed for more hands-on uses.
The workshop includes a 9' overhead door, and the front lot is paved with room for several vehicles. The rear yard is gravel/grass and fully fenced, providing a blank slate for further development or additional parking.
Located at the main-and-main confluence of North Main Street and Hwy 99, the property is positioned for ease of access with visibility supported by traffic volumes cited at approximately 14k VPD. The layout and existing improvements support a range of creative, retail, or medical concepts; contact brokers for full details.
The workshop includes a 9' overhead door, and the front lot is paved with room for several vehicles. The rear yard is gravel/grass and fully fenced, providing a blank slate for further development or additional parking.
Located at the main-and-main confluence of North Main Street and Hwy 99, the property is positioned for ease of access with visibility supported by traffic volumes cited at approximately 14k VPD. The layout and existing improvements support a range of creative, retail, or medical concepts; contact brokers for full details.
Key Highlights
- Mixed‑use building at 501 N Main St, Phoenix, OR, sited at the North Main St and Hwy 99 “main‑and‑main” confluence
- Two distinct spaces totaling approximately 1,704 SF, with the main retail space historically used as light‑use medical
- Adjacent workshop includes a 9' overhead door, plus ground level unit access
Financial Insights For Healthcare Medical
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 | $46.0k | $27.00 |
| − Vacancy | −$4.8k | −$2.84 |
| EGI | $41.2k | $24.17 |
| − OpEx | −$16.5k | −$9.67 |
| NOI | $24.7k | $14.50 |
1,704 SF · lease $27.00/SF/yr · vacancy 10.50% · expense 40.00%
Alternative Uses
Best Use
Healthcare Medical
$352.9K
$308.8K – $411.8K
NOI $24,706 @ 7.0% cap · market cap 6.70%
Second Best
Retail
$336.8K
$294.7K – $392.9K
NOI $23,574 @ 7.0% cap · market cap 6.39%
Theoretical Best
Office A
$411.3K
$359.9K – $479.9K
NOI $28,791 @ 7.0% cap · market cap 7.80%
Zoning and permitted uses should be independently verified with authorities.
Property Analytics
Location Intelligence
Current Use
Similar Off Market Nearby
- Ashland Gourmet Catering — Medford, OR 97504
- Cuisine Dejour Inc — Medford, OR 97501
- Anatomy Coffee Co — Medford, OR 97501
- Jens catering — E 8th St &, S Central Ave, Medford, OR 97501
- Carne Muerta — 602 S Central Ave, Medford, OR 97501
Frequently Asked Questions
What type of property is this?
Flex space - Mixed-use property with two distinct spaces, including a workshop featuring a 9' overhead door and paved front lot.
Where is this flex space located?
The property is located at 501 N Main Street Phoenix, 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: Mixed‑use building at 501 N Main St, Phoenix, OR, sited at the North Main St and Hwy 99 “main‑and‑main” confluence; Two distinct spaces totaling approximately 1,704 SF, with the main retail space historically used as light‑use medical; Adjacent workshop includes a 9' overhead door, plus ground level unit access
