$949,000
Est. payment /mo
11,008 SqFt
Pending
3404 Pacific HWY Medford, OR 97501
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Key Details
Property Type Commercial
Listing Status Pending
Purchase Type For Sale
Square Footage 11,008 sqft
Price per Sqft $86
MLS Listing ID 220187782
Year Built 1940
Annual Tax Amount $6,525
Lot Size 1.760 Acres
Acres 1.76
Lot Dimensions 1.76
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.
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
Entry Level One
Foundation Slab
Water Public
Structure Type Frame
New Construction No
Construction Frame
Others
Senior Community No
Tax ID 10020139
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Windermere Van Vleet & Assoc2