117 Central Ave Medford, OR 97501
Property Lookup
Property profile & analytics
117 Central Ave Medford, OR 97501
- Grocery and convenience stores
- 5,000 SF
- 0.11 lot acres
Property ID
US71-0613666
The Realmo ID is a unique identifier assigned to every property, incorporating country codes and precise geo-coordinates for 300x300-foot land blocks. It enables standardized data collection and seamless integration of disparate sources such as ownership, tax, title data and physical specifications. By aggregating current and historical records, the Realmo ID powers advanced analytics and delivers deep, verifiable insights for real estate professionals.
Location Intelligence
Current Use by Public Records
- RCC Riverside Campus - G Building / Community College
- TRiO Rogue Opportunity Center / Charitable Organization / Social Service Agency
- Tree Service Experts Medford / Landscaping / General Contractor
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
based on Realmo’s proprietary methodology
-
Alternative Use
- Use
- Estimation
- NEIGHBORHOOD: SHOPPING CENTER
- $1,040,000 Current use
- RESTAURANT
- $1,350,000 Change: +30% Conversion: Difficult
- MEDICAL BUILDING
- $1,265,000 Change: +22% Conversion: Difficult
- COMMERCIAL (GENERAL)
- $900,000 Change: -13% Conversion: Easy
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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
Property Tax & Assessments
Tax date
Tax Amount
Assessed Land Value
Assessed Improvement Value
Total Assessed Value
Applied Tax Rate
Land Market Value
Improvement Market Value
Total Market Value
2023
$0.00
$0.00
$0.00
$0.00
-
$109,940
$347,520
$457,460
