3404 S Pacific Highway, Medford, OR 97501
sale
$949,000
|
Other
Courtesy Of Windermere Van Vleet & Associates
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.
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Property Features
- Age: Over 50 Years Old
- Architecture Style: Other
- Cooling System: Other (Cooling)
- Exterior Type: Frame
- Floor Covering: Concrete
- Floors: 1
- Heating System: Natural Gas
- Heating System: Other (Heating)
- MLSID: 220187782
- Parking Spaces: 58
- Roof Type: Built-Up
- Roof Type: Composition
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