Property profile

0 Crater Lake Ave Medford, OR 97504

OFF-MARKET
Land
0.88 ac lot
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Property summary

AI-generated overview

This Elyria shopping center offers two available retail spaces, totaling 3,570 square feet of vacant space within a 9,413 square foot building. The larger space measures 2,295 square feet, while the smaller space is 1,275 square feet. This property enjoys a highly visible location directly across from the Midway Mall redevelopment project, ensuring excellent exposure to a large customer base. Current tenants include established businesses such as AT&T, Hunan King, 1st Ohio Insurance, and R&K Nails, creating a strong and diverse tenant mix. The site benefits from exceptionally high traffic counts, averaging 19,031 vehicles per day, as reported by ODOT TIMS. The property is zoned B-G Business General District, providing flexibility for a variety of retail uses. The surrounding area boasts a robust retail environment, with major big-box retailers such as Target, Giant Eagle, The Home Depot, JoAnn Fabrics, Planet Fitness, and PetSmart located nearby. A significant population density further enhances the property's appeal, with 55,168 residents and 61,058 daytime workers within a three-mile radius, guaranteeing a substantial pool of potential customers. This is a rare opportunity to secure prime retail space in a thriving commercial area. The single building is located in Lorain County.

Property profile

Verified
Property type Land
Lot 0.88 ac (38,333 SF)

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

Crater Lake Ave Medford, OR 97504
Medford metro
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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