Property summary
This exceptional 8,960-square-foot warehouse, completed in late October 2024, presents a unique investment opportunity in Medford, Oregon. Situated on a 0.75-acre lot at 2008 Commerce Drive, this high-end, new construction boasts excellent curb appeal and landscaping. The property features a shared loading dock, is fully fenced with automatic gates, and offers convenient access to major transportation arteries, including the Rogue Valley Expressway, I-5, Hwy 140, and Hwy 62, as well as proximity to the Medford Airport. The building's strategic location offers high visibility, situated on Commerce Drive behind The Chef Store (formerly Cash and Carry). The warehouse currently comprises a single unit, but its design allows for division into up to four separate units, providing flexibility for various business needs. The 2-story building features a 20-foot ceiling height, one loading dock, and four dock-high doors. The property is zoned I-L Light Industrial, making it suitable for a wide range of uses. This owner-user opportunity is being offered at $2,350,000 and is contingent upon a 1031 exchange. The sale is scheduled to close on or after October 31, 2024. This is an ideal property for an owner-operator seeking a modern, efficient space or an investor looking for a strong income-generating asset in a prime Medford location.
Property profile
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Location
Value estimations
Owner & transaction history
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Property description
Physical attributes from public recordsZoning & alternative use
Zoning
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