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    1605 Mcandrews Rd Medford, OR 97504

    Sponsored
    For Lease
    $65,460

    Move-in ready dental office near Providence.

    Lot size:
    2,182 SF

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2,182 square foot medical office building, situated on a 0.08-acre lot in Jackson County, presents a unique investment opportunity. Built in 1991, this single-story structure boasts 15 parking spaces, ensuring ample convenience for patients and staff. The property is currently vacant, offering immediate occupancy for a new tenant. The zoning designation is C-S/P, allowing for a variety of medical uses. The building's location on East McAndrews Road, directly across from Providence Hospital, provides excellent visibility and accessibility. This prime location offers significant advantages for attracting patients and establishing a thriving medical practice. The property features a single-tenant occupancy, providing a stable and predictable income stream for the owner. A minimum five-year lease term is preferred. The property owner retains the right to approve the prospective tenant and intended use of the space. The Assessor's Parcel Number (APN) is 10326443. This is a turn-key opportunity for a medical professional seeking a well-located, readily available space to establish or expand their practice.

    Property Features for 1605 Mcandrews Rd

    General Information

    Property type
    Medical offices
    Lease Type
    Gross Lease
    RSF (Rentable sq. ft)
    2,182 SF
    Total Rate
    65460

    Building Details

    Year Built
    1991
    Stories
    1

    Unit(s) available at that property

    Space
    Size
    2,182 SF
    Rate per SF
    $65,460

    HighLights

    • Move‑in ready, 2,182 SF medical office building in Jackson County.
    • Single‑tenant occupancy, currently vacant.
    • 1‑story building built in 1991, situated on a 0.08‑acre lot.
    • 15 parking spaces available.
    • Zoned C‑S/P.
    • Located across from Providence Hospital. Initial lease term of 5+ years.
    Property Profile Location Intelligence

    Current Use by Public Records

    Medical offices

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Building Supply Nail Salon Auto Repair Shop 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
    -122.86302
    Latitude
    42.341741

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    FAQs

    What type of property is this?
    Medical office - Move-in ready dental office near Providence.
    Where is this medical office located?
    The property is located at 1605 Mcandrews Rd Medford, OR.
    What is the lease rate?
    The lease rate is $65,460.
    What are key features of this property?
    This property features: Move-in ready, 2,182 SF medical office building in Jackson County.; Single-tenant occupancy, currently vacant.; 1-story building built in 1991, situated on a 0.08-acre lot.
    Request Owner's contact information
    1605 Mcandrews Rd Medford, OR 97504
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    Medford, OR 97504
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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
    1605 Mcandrews Rd Medford, OR 97504
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