1103 Riverside Ave Medford, OR 97501
- Retail properties
- 8,772 SF
Current Use by Public Records
- Tom's Guitars / Musical Instrument Store
- Western States Music / Musical Instrument Store
Property Details for 1103 Riverside Ave
- Year built
- 1952
- Property size
- 8,772 SF
- Property type
- Retail properties
- Property subtype
- Retail space
Description
This exceptional Medford, Oregon investment opportunity presents a 8,772 square foot, single-tenant retail building located at 1103 N Riverside Ave. The property, built in 1952 and renovated in 2011, is currently 100% occupied by Tom's Guitar, a long-term tenant since January 1, 1975, under a gross lease. The building features a spacious retail area, private rooms, offices, a concert room with a stage, restrooms, and ample storage with a roll-up door. The property sits on an 11,761 square foot lot and includes 7 parking spaces. Zoned C-C (Community Commercial) in Jackson County, this Class B building offers significant upside potential. The asking price is $865,000, translating to $98.61 per square foot. The property's single-story design and existing infrastructure present a compelling value-add opportunity, with the potential for subdivision into two units. This is a rare chance to acquire a well-established retail property in a thriving downtown Medford location. The APN is 10387447.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.875
- Latitude
- 42.3368
