326 Kennet St Medford, OR 97501
- Retail space
- 1,794 SF
- 0.11 lot acres
Current Use by Public Records
- B. Cazwell's Floral Dezines LLC / Florist
Property Details for 326 Kennet St
- Lot size
- 0.11 lot acres
- Property size
- 1,794 SF
- Zone code
- C-C
- Property type
- Retail space
- APN
- 1-0385355
- APU
- 10385355
Description
This exceptional opportunity encompasses a thriving, established florist business and its accompanying building, ideally situated in Medford, Oregon. The property, located at 326 Kennet Street, boasts a generous 1,794 square feet of space, perfectly configured to support the existing floral operation. The building features a welcoming showroom, a functional office, and a convenient bathroom, all conveniently located on Kennet Street. Beyond the customer-facing areas, a spacious workroom awaits, complete with impressive 20-foot ceilings, ample storage, and two 10-foot rolling garage doors, facilitating efficient workflow and delivery operations. The property also includes a substantial amount of on-site parking, catering to both customers and the business's operational needs. Recent upgrades include updated windows and a new roof, ensuring the building's longevity and efficiency. The sale includes all existing business assets, including delivery vans and other improvements, representing a truly turnkey business acquisition. The florist business itself has a strong online presence through Teleflora, complemented by a loyal local clientele cultivated over its 24-year history. This presents a rare chance to acquire a profitable, established business with a solid reputation and a well-maintained property on a 0.11-acre lot. The combination of a successful business and a functional building makes this an unparalleled investment opportunity.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $365,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $340,000
- 6.5%
- $330,000
- 7%
- $310,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $295,000
- Geo Method
- $275,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $295,000
- Retail
- $360,000
- Mixed-Use
- $375,000
- Hospitality
- $315,000
- Educational
- $350,000
- Residential Income
- $385,000
- Energy
- $355,000
- Income-Based Land
- $360,000
- Food Service
- $380,000
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.879
- Latitude
- 42.3418
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA