1777 Williams Hwy 3,931 SF Vacant Flex Building Grants Pass, OR 97527 $645,000 ($164.08/SF) 6.20% Cap Rate

The Offering: A High-Visibility Commercial Asset with Redevelopment and Value-Add Upside
John L. Scott and Coldwell Banker are pleased to present 1777 Williams Highway, a well-located commercial property in the heart of Grants Pass, Oregon, offered at a strategically adjusted price of $645,000.
The property fronts Williams Highway (OR-238), a primary commercial corridor providing strong visibility, easy access, and consistent daily traffic. Its central location places it near established retail, service, and professional users, supporting a wide range of commercial applications.
For more than fifty years, the site operated as a long-standing veterinary clinic and retains flexibility for medical or professional reuse. More broadly, the property presents a compelling repositioning opportunity for investors and owner-operators seeking to renovate, adapt, or redevelop the asset to suit alternative commercial uses allowed under the zoning.
The offering includes a 3,931 square foot, single-story commercial building situated on a 0.87-acre General Commercial (GC) zoned parcel. A key differentiator is the inclusion of approximately 0.41 acres of excess land, an uncommon feature along an established commercial corridor. This additional land provides flexibility for future expansion, additional improvements, or new construction, subject to applicable approvals.
The recent price adjustment to $645,000 is intended to attract buyers who recognize the value of combining a high-visibility location with both existing improvements and a meaningful land component. This pricing creates an attractive basis for capital investment aimed at modernization, reconfiguration, or redevelopment.
General Commercial zoning supports a broad range of potential uses, including professional and medical offices, dental or specialty healthcare, retail, service-oriented businesses, restaurants, and select mixed-use concepts. The existing building provides a functional starting point, while the excess land offers additional long-term upside.
Overall, 1777 Williams Highway represents a strong value-add opportunity in a stable Southern Oregon market, combining location, zoning flexibility, land scale, and pricing designed to encourage creative reuse and future value creation.