3404 Pacific HWY Active

Medford,OR 97501

$ 943000

- Bed

0 Bath

11008 SqFt


Key Details

Property Type Commercial

Listing Status Active

Purchase Type For Sale

Square Footage 11,008 sqft

Price per Sqft $85

MLS Listing ID 220187782

Year Built 1940

Annual Tax Amount $6,525

Lot Size 1.760 Acres

Property Description

Commercial building on South Pacific Highway. Current tenant is Picker's Paradise with a one year lease, triple net, which equates to a 7.5% Cap Rate. Property is 1.76 acres and is zoned C-G so it's possible for commercial and/or apartment development. Apartments exist on the north side of property. The building is 11,008 square feet and in good condition.
Property is priced well as an investment and with all of the new development in Phoenix the price also makes sense for commercial land at $12/sf and multifamily land @ $20,000/unit.

Location

State OR

County Jackson

Interior

Heating/Cooling Natural Gas,Other

Exterior

Parking Features Asphalt

Roof Type Built-Up,Composition

Parking Asphalt

Building

Foundation Slab

Water Public

Structure Type Frame

New Construction No

Construction Frame

Others

Acceptable Financing Cash,Conventional

Listing Terms Cash,Conventional

Special Listing Condition Standard

View More
Favorite Go Tour