117 Central Ave Medford, OR 97501

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.