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    663 Grape St Medford, OR 97501

    Sponsored
    For Sale
    $3,080,000

    Vacant 41,071 SF Cold Storage Warehouse

    Property size:
    41,071 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional industrial property, located at 663 S Grape St, Medford, OR 97501, presents a unique investment opportunity. The 41,071 square foot building, situated on a 1.93-acre lot (APN: 10374657, 10936455), is zoned I-G and offers a blend of refrigerated and dry storage space. Built in 1955, the facility boasts approximately 11,500 square feet of high-ceiling cold storage, ideal for various food processing or storage applications. The remaining 25,000+ square feet provides ample dry storage/warehouse space, catering to diverse operational needs. A significant investment has been made with a new roof installed on the majority of the building. The property is currently vacant, offering immediate occupancy and the flexibility to customize the space to suit specific requirements. Priced at $3,080,000 ($74.99/sq ft), this single-unit facility represents a compelling opportunity in the thriving Medford market. The property's size, location, and versatile space make it an attractive proposition for businesses seeking a well-maintained industrial space with significant cold storage capacity. This former food processing facility is ready for its next chapter.

    Property Features for 663 Grape St

    General Information

    Property type
    Refrigerated & Cold Storages
    Square Feet
    41,071 SF
    Lot Size
    84,071 SF

    Building Details

    Year Built
    1955
    Units
    1

    HighLights

    • 41,071 SF industrial building on a 1.93‑acre lot in Medford, OR.
    • Zoned I‑G, offering a mix of refrigerated and dry storage.
    • Features approximately 11,500 SF of cold storage and 25,000+ SF of dry storage/warehouse space.
    • Recently renovated with a new roof on most of the building.
    • Currently vacant, priced at $3,080,000 ($74.99/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Refrigerated & Cold Storages

    Suggested Use

    Realty agency Law Firm Restaurant Dental Office Spa & Massage Hair Salon Nail Salon Clothing Store Building Supply Gym & Fitness

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.867851659
    Latitude
    42.318704348213

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    FAQs

    What type of property is this?
    Refrigerated / Cold Storage - Vacant 41,071 SF Cold Storage Warehouse
    Where is this refrigerated / cold storage located?
    The property is located at 663 Grape St Medford, OR.
    What is the asking price?
    The asking price for this property is $3,080,000.
    What are key features of this property?
    This property features: 41,071 SF industrial building on a 1.93-acre lot in Medford, OR.; Zoned I-G, offering a mix of refrigerated and dry storage.; Features approximately 11,500 SF of cold storage and 25,000+ SF of dry storage/warehouse space.
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    663 Grape St Medford, OR 97501
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    Medford, OR 97501
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    663 Grape St Medford, OR 97501
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