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2937-2945 Merriman Rd, Medford, OR 97501 2937 Merriman Rd 4,760 SF 100% Leased Retail Building Medford, OR 97501 $850,000 ($178.57/SF) 9.70% Cap Rate
Investment Highlights
- Warehouse/ Work Garage
- Fully Equipped Home
- Multiple Office Rooms/ Space
Executive Summary
: Owner Carry! Whether you're looking for a solid investment property or an owner-occupied building for your business, this mixed-use commercial building offers an incredible opportunity. Well maintained commercial building with large two-bedroom apartment upstairs. Building currently being used by Winter's Electric has been nicely updated and features three roll up doors, reception / waiting rooms, office, kitchenette / break area, and plenty of shop / warehouse / storage. Upstairs you will find a spacious apartment complete with large outdoor deck and private entrance. Current NNN lease for commercial building is $5,500 per month and runs through April 1st, 2027. According to local property management data, apartment will bring $1400 per month bringing this (pro forma) investment to a generous 9.7% cap rate! Additional adjacent .12-acre tax lot included. Schedule to tour this rare commercial opportunity today.
Property Facts
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
4,760 SF
Building Class
C
Year Built
1964
Price
$850,000
Price Per SF
$178.57
Cap Rate
9.70%
NOI
$82,450
Percent Leased
100%
Building Height
2 Stories
Building FAR
0.20
Lot Size
0.55 AC
Zoning
SFR-6
Frontage
145’ on Merriman Rd
Amenities
- Balcony
Fairly walkable
50/100
Exceptionally drivable
90/100
Limited public transit
30/100
Fairly bikeable
50/100
Nearby Major Retailers
Property Taxes
| Parcel Number | 10486397 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $259,430 |
Property Taxes
Parcel Number
10486397
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$259,430
Contact
-
Jake Rockwell -
Rockwell Group | eXp Realty, LLC
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2937-2945 Merriman Rd, Medford, OR 97501 | 2937 Merriman Rd