117 Central AveMedford, OR 97501

This exceptional 10,000-square-foot retail storefront in Medford, Oregon, presents a unique owner-user investment opportunity. Located at 117 N Central Ave, in the heart of Medford's Central Business District, this two-story building boasts a prime location with high visibility. Currently configured as a multi-tenant property with five tenants occupying 50% of the space, the building offers significant potential for expansion or redevelopment. The lease type is gross, and there are no rent bumps. The building, constructed in 1926 and extensively renovated in 2024, includes a newly repaired roof. The property sits on a 0.11-acre lot and is zoned C-C. All leases expire June 30, 2024, providing immediate control for the new owner. The building's current occupancy includes both ground floor retail and second-floor residential units, offering potential for income diversification. The asking price is $1,100,000, translating to $110 per square foot. This is an ideal opportunity for a business owner seeking a prominent location in a thriving downtown area. The property's history includes operation as a thrift store, demonstrating its suitability for a variety of retail uses. This is a rare chance to acquire a substantial retail property in a desirable location with significant upside potential.