Entity Owned Property summary
This 2,576 square foot restaurant space, formerly a Pizza Hut, is located at 1924 Biddle Road in Medford, Oregon (Jackson County, APN 10636287). The property sits on a 0.56-acre lot and includes 25 parking spaces. The interior has been completely refreshed and is immediately available for occupancy. The building benefits from a new roof and the owner is planning to install a brand new HVAC system, including ductwork, based on the current floor plan. This single-tenant space is ideally situated next to Elmer's and adjacent to Food 4 Less, offering excellent visibility and foot traffic. The owner is seeking a five-year lease with annual rent escalations and a percentage rent component. A lease option may be considered. Tenant improvements for a qualified tenant might be negotiated at an increased rental rate. The property is offered "as is," and the owner reserves the right to approve the tenant and intended use. Convenience stores are not permitted. This is a turnkey opportunity for a restaurant operator seeking a high-traffic location in Medford, Oregon.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The C-R zone provides land for the development of those service and commercial uses which serve shoppers from the surrounding region as well as from the local community
Comparables
6 recent transactions · within 1.5 miComparable in this City
Similar Nearby for Sale
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-R · Medford, ORThe C-R zone provides land for the development of those service and commercial uses which serve shoppers from the surrounding region as well as from the local community
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The C-R zone provides land for the development of those service and commercial uses which serve shoppers from the surrounding region as well as from the local community
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-R in Medford, OR.
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