1. Oregon
  2. Medford
  3. 3404 S Pacific Highway
$949,000

3404 S Pacific Highway, Medford, OR 97501

  • 11,008 sqft
  • Property Icon Commercial Property
  • Property Year Built Icon Built in 1940
  • Property Lot Size Icon1.76acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $86/sqft
  • Property List Date Icon Listed 9 months ago

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.

Listing Status:
Pending
Date Added:
December 11, 2024 at 06:00AM
Listing Office:
Windermere Van Vleet & Assoc2 : 541-779-6520
MLS ID:
220187782

This listing courtesy of Windermere Van Vleet & Assoc2

Location

Schools Nearby

O

Orchard Hill Elementary School

1011 La Loma Dr, Medford, OR, 97504

Grades KG-5

1.37 miles away

T

Talent Middle School

102 Christian Ave, Talent, OR, 97540

Grades 6-8

4.01 miles away

P

Phoenix High School

745 N Rose St, Phoenix, OR, 97535

Grades 9-12

1.09 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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