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328 S Central Avenue

Medford, OR 97501
  • $1,100,000
  • STATUS: Active
  • ON SITE: 193 Days
  • MLS #: 220169942
UPDATED: 72 min ago
$1,100,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,008
    SQFT
  • $137
    $/SQFT
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

Listing provided courtesy of Windermere Van Vleet & Assoc2 :.

Description

$$$Money Maker$$$ This is a prime opportunity to invest with a PGI of over $130K per year and great cap rate at 7.45%. This attractive, well-maintained 8008 square foot building is currently configured to accommodate 25 small businesses at affordable rental rates that keep the building full. The current mix of tenants range from small practice medical & medical billing to construction companies. The solid concrete block, 2 level building is located in a business district & has great visibility with an average traffic volume of 12,000+ cars per day. The building has 15 parking spaces and abundant street parking alongside. ***Owner terms available*** for qualified buyer with good down payment. Small office spaces are desirable, making this a great investment.

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Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Central Oregon Home Pros | KW are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Central Oregon Home Pros | KW. Data last updated: .2024-02-28T12:45:37.28
www.buysellcentraloregon.com/homes/142593195
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328 S Central Avenue Medford, OR 97501

  • Price: $1,100,000
  • Status: Active
  • On Site: 193 Days
  • Updated: 72 min ago
  • MLS #: 220169942
0
Beds
0
Baths
0
½ Baths
0.23
Acres
8,008
SQFT
$137
$/SQFT
1955
Built
County:
Jackson
Area:
Medford
Property Description
$$$Money Maker$$$ This is a prime opportunity to invest with a PGI of over $130K per year and great cap rate at 7.45%. This attractive, well-maintained 8008 square foot building is currently configured to accommodate 25 small businesses at affordable rental rates that keep the building full. The current mix of tenants range from small practice medical & medical billing to construction companies. The solid concrete block, 2 level building is located in a business district & has great visibility with an average traffic volume of 12,000+ cars per day. The building has 15 parking spaces and abundant street parking alongside. ***Owner terms available*** for qualified buyer with good down payment. Small office spaces are desirable, making this a great investment.
Exterior Features

Construction Materials BlockConcreteFrame Foundation Details Slab Levels Two Lot Features Corner LotLevel Parking Details Numberof Parking Spaces 15 Parking Details Parking Yes Parking Features Alley AccessAsphaltOn StreetParking Lot Roof Built-UpComposition

Interior Features

Additional Features Bath Common AreaBus Service or StopCommon AreaOffice Space Cooling Central Air Flooring CarpetVinyl Heating Forced AirNatural Gas

Property Features

Additional Parcels YN No Business Type Professional ServiceProfessional/Office CCAnd Rs YN No Cross Street 10th Existing Lease Type GrossMonth To Month FIRPTAYN No Incomeand Expenses Annual Amounts Cap Rate Basi Current Incomeand Expenses Annual Amounts Cap Rate Perc 8.53 Incomeand Expenses Annual Amounts Estimated Gr 138290.00 Incomeand Expenses Annual Amounts Estimated To 44454.00 Incomeand Expenses Annual Amounts Management E 0.00 Incomeand Expenses Annual Amounts Net Operatin 93836.00 Incomeand Expenses Annual Amounts Vacancy Perc 5.00 Listing Terms CashConventionalOwner Will CarryTrust Deed New Construction YN No Owner Pays Common Area MaintenanceElectricityExterior MaintenanceGasInsuranceInterior MaintenanceJanitorial ServiceRepairsSewerTaxesWater Power Production Public Utilities Sewer Public Sewer Special Listing Conditions Standard Tax Annual Amount 9089.03 Tax Year 2022 Zoning C-C

Listing information © 2024 MLS of Central Oregon
Listing provided courtesy of Windermere Van Vleet & Assoc2 :.

Central Oregon Association of Realtors logo © 2024 Oregon Datashare (KCAR | MLSCO | SOMLS). All rights reserved. The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program of the Oregon Datashare. Real estate listings held by IDX Brokerage firms other than Central Oregon Home Pros | KW are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing Brokers. Information provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. The consumer will not copy, retransmit nor redistribute any of the content from this website. Information provided is deemed reliable, but not guaranteed. Listing courtesy of Central Oregon Home Pros | KW. Data last updated: .2024-02-28T12:45:37.28
 
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Redmond OR, 97756
Listing provided courtesy of Windermere Van Vleet & Assoc2 :.