765 S Riverside Ave Medford, OR 97501
- Office Properties & Spaces
- 5,000 SF
- 0.78 lot acres
Current Use by Public Records
- PARTY GALLERY Event Rentals, Design & Planning / Furniture Rental Service / Party Equipment Rental Service
- The Event Agency / Event Management Company
Property Details for 765 S Riverside Ave
- Lot size
- 0.78 lot acres
- Property size
- 5,000 SF
- Zone code
- C-G
- Property type
- Office Properties & Spaces
- APN
- 1-1007633
- APU
- 11007633
Description
This exceptional Medford, Oregon property, located at 765 S Riverside Ave, offers 11,264 square feet of versatile commercial space, ideal for owner-users. The asking price is $1,395,000 ($123.85/sq ft). The property features a remodeled front showroom/office area (2017), boasting excellent street visibility and pylon signage. The rear section comprises a 5,000 square foot high-ceiling warehouse with radiant heat, a two-story office equipped with HVAC, and LED lighting. Two 14-foot high roll-up doors provide convenient grade-level loading. Additional features include two ADA-compliant restrooms, multiple private offices, a break room, and a secure, fenced, covered outdoor storage area. The property sits on a 0.78-acre lot and includes ample on-site parking. Built in 1965 and renovated in 1975, this Class B building consists of two single-story structures and is zoned C-H. The property is currently vacant and presents numerous potential uses, subject to deed restrictions. This is a rare opportunity to acquire a well-maintained, versatile commercial property in a prime Medford location.
Value Estimations
-
CAP approach
- CAP Return
- Estimation
- 6%
- $865,000
- 6.5%
- $795,000
- 7%
- $740,000
-
Comparable approach
- Method
- Estimation
- AI Estimate
- $920,000
Market price range: $246k - $921k -
Alternative Use
- Use
- Estimation
- COMMERCIAL (GENERAL)
- $900,000 Current use
- RESTAURANT
- $1,350,000 Change: +50% Conversion: Difficult
- MEDICAL BUILDING
- $1,265,000 Change: +40% Conversion: Easy
- NEIGHBORHOOD: SHOPPING CENTER
- $1,040,000 Change: +15% Conversion: Difficult
- AUTO REPAIR, GARAGE
- $810,000 Change: -10% Conversion: Difficult
- RETAIL STORES
- $795,000 Change: -12% Conversion: Easy
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Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.865
- Latitude
- 42.3205
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA