Property profile

924 Central Ave Medford, OR 97501

OFF-MARKET
Office Spaces
Property ID
US71-0451036
4,900 SF 0.34 ac lot
Individually Owned 6-yr Hold Absentee Owner ~ Est. High Equity
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Property summary

AI-generated overview

This exceptional 0.34-acre commercial/industrial lot, located at 924 S Central Ave in Medford, Oregon (APN 10375465), presents a unique redevelopment opportunity. Zoned C-R, this property boasts a substantial 50x100 foot concrete slab, a remnant of a previously existing five-plex structure that was lost to fire. The existing infrastructure significantly reduces the initial costs associated with new construction. The property offers ample parking with 13 spaces. Situated in a high-traffic area of Medford, this location provides excellent visibility and accessibility for a variety of commercial ventures. The versatile zoning allows for diverse development options, including multi-family housing, retail spaces, or other commercial uses. This is a rare chance to acquire a well-positioned lot in a thriving commercial zone, ready for your vision. The property's location within Jackson County, Oregon, and its proximity to key transportation routes, further enhances its investment potential. This is a blank canvas for a savvy investor or developer seeking to capitalize on the strong Medford market. The asking price is $699,000.

Property profile

Verified
Property type Office Spaces
Use group OFFICE (GENERAL)
Total area 4,900 SF
Lot 0.34 ac (14,810 SF)
Zoning code C-C
APN 1-0375465
UPID US71-0451036

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Current use

Occupant on record · Public records
  • (Bike/Boat/Book/etc) Store

Location

924 Central Ave Medford, OR 97501-7800
Medford metro Census 100 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
by Request
CAP Approach CAP
by Request
Comparable Approach Comparable
$679k
Blend (final) Blend
$250k

Owner & transaction history

since 2019
7 recorded transactions
2019
$416,500
2017
Price N/A
1997
$60,000
1995
$150,000
1992
Price N/A
1984
Price N/A
1969
Price N/A

Zoning & alternative use

C-C · Medford, OR
Zoning description

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,…

General category COMMERCIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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