1605 Mcandrews Rd Medford, OR 97504
- Medical offices
- 2,182 SF
- 0.08 lot acres
Current Use by Public Records
- Medical offices
Property Details for 1605 Mcandrews Rd
- Year built
- 1991
- Lot size
- 0.08 lot acres
- Property size
- 2,182 SF
- Zone code
- C-S/P
- Property type
- Medical offices
- Property subtype
- Medical centers
- APN
- 1-0326443
- APU
- 10326443
Description
This exceptional 2,182 square foot medical office building, situated on a 0.08-acre lot in Jackson County, presents a unique investment opportunity. Built in 1991, this single-story structure boasts 15 parking spaces, ensuring ample convenience for patients and staff. The property is currently vacant, offering immediate occupancy for a new tenant. The zoning designation is C-S/P, allowing for a variety of medical uses. The building's location on East McAndrews Road, directly across from Providence Hospital, provides excellent visibility and accessibility. This prime location offers significant advantages for attracting patients and establishing a thriving medical practice. The property features a single-tenant occupancy, providing a stable and predictable income stream for the owner. A minimum five-year lease term is preferred. The property owner retains the right to approve the prospective tenant and intended use of the space. The Assessor's Parcel Number (APN) is 10326443. This is a turn-key opportunity for a medical professional seeking a well-located, readily available space to establish or expand their practice.
Value Estimation
-
AI approach
- CAP return
- Estimation
- Estimation
- $730,000
-
CAP approach
- CAP return
- Estimation
- 6%
- $610,000
- 6.5%
- $685,000
- 7%
- $665,000
-
Comparable approach
- Method
- Estimation
- Relative Method
- $735,000
- Geo Method
- $585,000
-
Alternative Use
- Use
- Estimation
- Distribution
- $810,000
- Retail
- $700,000
- Mixed-Use
- $640,000
- Hospitality
- $635,000
- Educational
- $635,000
- Residential Income
- $810,000
- Energy
- $680,000
- Income-Based Land
- $640,000
- Food Service
- $725,000
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.863
- Latitude
- 42.3417
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA