117 Central Ave Medford, OR 97501
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39,435 SF Creative Office, Opportunity Zone
Property size:
39,435 SFProperty Features for 117 Central Ave
General Information
- Property type
- Office space
- Square Feet
- 39,435 SF
- Class
- B
- Lot Size
- 12,197 SF
Building Details
- Year Built/Renovated
- 1928/2002
- Buildings
- 1
- Stories
- 3
Listing Agent: Scott King
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
Overview
This 39,435-square-foot creative office building in Medford, Oregon, presents a compelling redevelopment opportunity within a federal Opportunity Zone. The three-story, Class B building, constructed in 1928 and renovated in 2002, sits on a 0.28-acre lot (APN 1-037016-7) and features poured-in-place concrete construction with stucco and a wood beam roof. Currently vacant, the property offers significant potential for adaptive reuse. The building boasts a full basement and mezzanine, adding to its versatile floor plan. Previously configured as an instructional facility, it's zoned for community commercial use and has undergone a full seismic upgrade. With a listed asking price of $3,490,000 ($88.50/SF), a pro-forma NOI of $360,000, and a pro-forma cap rate of 10.32%, this property offers strong investment potential. The building's location at 117 S Central Ave, Medford, OR 97501, provides excellent access to local amenities and transportation. This is a NNN lease type property.
Property Profile
Insight Report
Location Intelligence
Current Use by Public Records
RCC Riverside Campus ...
Community College
TRiO Rogue Opportunity ...
Charitable Organization
Tree Service Experts ...
Landscaping
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.87098798671
- Latitude
- 42.325646788577
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FAQs
What type of property is this?
Office space - 39,435 SF Creative Office, Opportunity Zone
Where is this office space located?
The property is located at 117 Central Ave Medford, OR.
What is the asking price?
The asking price for this property is $3,490,000.
What are key features of this property?
This property features: 39,435 SF creative office building in Medford, OR, ideal for redevelopment.; Three-story Class B building on a 0.28-acre lot (APN 1-037016-7), built in 1928, renovated in 2002.; Currently vacant, offering adaptive reuse potential; features full basement and mezzanine.
