Property Details for 3860 Crater Lake Ave

Year built

2000

Property size

12,982 SF

Property type

Office properties & Spaces

Property subtype

Medical Office Space

Description

This exceptional Class A medical office building, located at 3860 Crater Lake Avenue in Medford, Oregon, presents a rare owner-user opportunity. The property boasts 12,982 square feet of net rentable space, distributed across two 2-story buildings on a 43,996 square foot lot. Currently 100% occupied, the building features two units, one of which is approximately 6,500 square feet and is currently vacant, offering significant expansion potential. This vacant suite includes seven exam rooms, seven executive offices, a conference room, library, two laboratory rooms, two bathrooms, and upstairs file storage. The existing tenant has occupied their space since the building's construction in 2000, providing immediate rental income to offset ownership costs. The property is zoned C-C and benefits from ample parking (39 spaces). High-quality finishes throughout include cathedral and decorative ceiling soffits, recessed lighting, mahogany solid wood doors, and elegant brass accents. The building's prominent location on the heavily travelled Crater Lake Highway arterial ensures high visibility, further enhanced by three large monument signs. The property is situated in a developing commercial neighborhood, offering convenient access for patients and customers with minimal traffic congestion, and benefits from nearby new commercial developments such as Mountain Mike's Pizza and a Cascade Coffee store. The asking price is $4,300,000 ($331.23 per square foot). The property's APN is 10874532. Showings are by appointment only.

Location Insight

City

Medford

County

Jackson

State

Oregon

Longitude

-122.855

Latitude

42.3726