117 Central Ave Medford, OR 97501
- Grocery and convenience stores
- 5,000 SF
- 0.11 lot acres
Current Use by Public Records
- RCC Riverside Campus - G Building / Community College
- TRiO Rogue Opportunity Center / Non-Profit Organization
- Tree Service Experts Medford / Tree Service
Property Details for 117 Central Ave
- Lot size
- 0.11 lot acres
- Property size
- 5,000 SF
- Zone code
- C-C
- Property type
- Grocery and convenience stores
- APN
- 1-0368912
- APU
- 10368912
Description
This 39,435-square-foot creative office building in Medford, Oregon, presents a compelling redevelopment opportunity within a federal Opportunity Zone. The three-story, Class B building, constructed in 1928 and renovated in 2002, sits on a 0.28-acre lot (APN 1-037016-7) and features poured-in-place concrete construction with stucco and a wood beam roof. Currently vacant, the property offers significant potential for adaptive reuse. The building boasts a full basement and mezzanine, adding to its versatile floor plan. Previously configured as an instructional facility, it's zoned for community commercial use and has undergone a full seismic upgrade. With a listed asking price of $3,490,000 ($88.50/SF), a pro-forma NOI of $360,000, and a pro-forma cap rate of 10.32%, this property offers strong investment potential. The building's location at 117 S Central Ave, Medford, OR 97501, provides excellent access to local amenities and transportation. This is a NNN lease type property.
Value Estimations
-
AI approach
-
CAP approach
-
Comparable approach
-
Alternative Use
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.874
- Latitude
- 42.3276
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
