Property summary
This exceptional 10,160-square-foot office space, located at 601 Crater Lake Avenue in Medford, Oregon (97504), presents a unique investment opportunity. Situated on the lower level of a Class A building (built in 1994, renovated in 2022) beneath Chase Bank, this property boasts a desirable East Medford location within the C-C zoned area (APN 10329951). The space features a versatile layout including five private offices, three large open areas ideal for coworking, a conference room, separate men's and women's restrooms (one with a changing room), a file vault, a dedicated data room, ample storage, and a kitchenette. The lower level is accessible via both an interior staircase and an exterior door, potentially ADA accessible. The property offers abundant natural light from windows on nearly all sides, two private entrances, and 42 parking spaces. The total building encompasses 39,096 square feet across two suites on 1.98 acres (86,249 sq ft lot). Property taxes are $0.12 per square foot. The building has public power but no elevators. This high-traffic location benefits from a long-term professional tenant. Potential tenant improvements (TI) are allowable, contingent on lease terms, and grant money for ADA conversion may be available. Lease terms are NNN. Prospective tenants are responsible for conducting their due diligence. The space is adaptable, allowing for division into smaller suites to accommodate mixed uses. The landlord may contribute to build-outs or improvements, depending on the lease terms.
Property profile
VerifiedCap rate & NOI
Current use
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Loan Service Bank
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Bank Loan Service
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Atm
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Loan Service Bank
Location
Value estimations
Owner & transaction history
Zoning & alternative use
hape a Vibrant and Exceptional City” Lausmann Annex • 200 South Ivy Street • Medford OR 97501 Phone (541)774-2380 • fax (541)618-1708 www.ci.medford.or.us CITY OF MEDFORD PLANNING DEPARTMENT 10.328 Community Commercial,…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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Cap rate
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Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
C-C · Medford, ORhape a Vibrant and Exceptional City” Lausmann Annex • 200 South Ivy Street • Medford OR 97501 Phone (541)774-2380 • fax (541)618-1708 www.ci.medford.or.us CITY OF MEDFORD PLANNING DEPARTMENT 10.328 Community Commercial,…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
hape a Vibrant and Exceptional City” Lausmann Annex • 200 South Ivy Street • Medford OR 97501 Phone (541)774-2380 • fax (541)618-1708 www.ci.medford.or.us CITY OF MEDFORD PLANNING DEPARTMENT 10.328 Community Commercial,…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for C-C in Medford, OR.
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