202 Riverside Ave Medford, OR 97501

This exceptional two-story office building, located at 202 S Riverside Ave in Medford, Oregon (97501), presents a compelling value-add investment opportunity within a federal Opportunity Zone. The 16,550 square foot building, constructed in 1929 and renovated in 2000, boasts a concrete slab foundation, concrete walls, stucco exterior, and a Duro-Last rubber membrane roof supported by a wood beam structure. The property sits on a 0.28-acre lot and is zoned for community commercial use. Currently vacant, this Class B building offers significant potential for redevelopment. The existing layout is adaptable for various office and retail configurations, and the property has already undergone full ADA and seismic upgrades. With a list price of $1,990,000, a pro-forma NOI of $159,200, and a pro-forma cap rate of 8.00%, this property represents a strong return on investment. The building features one unit across two stories and is offered as a NNN lease. The APN is 10371211. This is a rare chance to acquire a substantial property in a thriving downtown Medford location.