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202 Riverside Ave Medford, OR 97501

Sponsored
For Sale
$1,990,000

Prime location, value-add opportunity.

Property size:
16,550 SF

Description

Added:
Dec 11, 2024
Days on Market:
392
This exceptional two-story office building, located at 202 S Riverside Ave in Medford, Oregon (97501), presents a compelling value-add investment opportunity within a federal Opportunity Zone. The 16,550 square foot building, constructed in 1929 and renovated in 2000, boasts a concrete slab foundation, concrete walls, stucco exterior, and a Duro-Last rubber membrane roof supported by a wood beam structure. The property sits on a 0.28-acre lot and is zoned for community commercial use. Currently vacant, this Class B building offers significant potential for redevelopment. The existing layout is adaptable for various office and retail configurations, and the property has already undergone full ADA and seismic upgrades. With a list price of $1,990,000, a pro-forma NOI of $159,200, and a pro-forma cap rate of 8.00%, this property represents a strong return on investment. The building features one unit across two stories and is offered as a NNN lease. The APN is 10371211. This is a rare chance to acquire a substantial property in a thriving downtown Medford location.

Property Features for 202 Riverside Ave

General Information

Property type
Office Properties & Spaces
Square Feet
16,550 SF
Class
B
Lot Size
12,197 SF

Building Details

Year Built/Renovated
1929/2000
Buildings
1
Stories
2
Units
1

Property Profile Location Intelligence

Current Use by Public Records

Cardtronics ATM Atm

Suggested Use

Restaurant Realty agency Law Firm Building Supply Dental Office Spa & Massage Wholesale Shop Auto Repair Shop Hair Salon Clothing Store

Zoning and permitted uses should be independently verified with local authorities.

Location Insight

  • Map
  • Local Demand
City
Medford
County
Jackson
State
Oregon
Longitude
-122.86942953538
Latitude
42.325250053814

FAQs

What type of property is this?
Office Property / Space - Prime location, value-add opportunity.
Where is this office property / space located?
The property is located at 202 Riverside Ave Medford, OR.
What is the asking price?
The asking price for this property is $1,990,000.
More about this property
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