0 Crater Lake Ave, Medford, OR 97504
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.
Cap rate
Implied · in-place · derived from last sale + estimated NOIValue
AI, CAP & Alternative Use estimations · Realmo proprietary blendComparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Property description
Physical attributes from public recordsZoning & alternative use
No recorded transactions found for this property.
Costs & Benchmarks
Operating expenses, capex projections, utility benchmarks, and submarket comparables — all in one view.
Risks
Flood, climate, environmental, title, and tenant-concentration risk — surfaced with mitigations and source citations.