226 Ross Ln Medford, OR 97501
- Commercial real estate
- 16,137 SF
- 1.75 lot acres
Current Use by Public Records
- Taqueria juan colorado / Restaurant
Property Details for 226 Ross Ln
- Lot size
- 1.75 lot acres
- Property size
- 16,137 SF
- Zone code
- C-C
- Property type
- Commercial real estate
- APN
- 1-0430293
- APU
- 10430293
Description
This exceptional 16,137-square-foot medical office building in West Medford presents a unique investment opportunity. Originally constructed in 1994 as a Moose Lodge and later used as a child development center, the single-tenant property sits on a 1.75-acre lot and boasts 40 parking spaces. The building features a well-preserved commercial kitchen and ballroom, remnants of its previous uses, offering significant potential for adaptive reuse. The existing structure is well-suited for modification to a more retail-oriented façade, catering to a variety of medical or related businesses. The landlord is open to providing tenant improvement allowances, amortized into the monthly rent, to facilitate a smooth transition for a qualified tenant. The asking rent is $19,500 per month, on a triple-net (NNN) lease with a minimum initial term of five years. The property's location in a high-traffic commercial area ensures excellent visibility and accessibility. The property's APN is 1-0430293, located in Jackson County. Landlord approval of tenant and intended use is required. This is a rare chance to acquire a versatile property with substantial existing amenities in a prime West Medford location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $2,785,000
- 6.5%
- $2,570,000
- 7%
- $2,385,000
-
Comparable approach
- Method
- Estimation
- Statistic Estimate
- $2,026,000
- AI Estimate
- $1,293,000
Market price range: $1.30M - $4.17MMarket price range: $794k - $2.97M -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $2,910,000 Current use
- AUTO REPAIR, GARAGE
- $2,610,000 Change: -10% Conversion: Difficult
- RETAIL STORES
- $2,565,000 Change: -12% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.898
- Latitude
- 42.3262
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA