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3404 S Pacific Hwy
Medford, OR 97501
Retail Property For Sale
Investment Highlights
- High Traffic Area
- Development Possibilities
Executive Summary
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 Facts
Sale Type
Owner User
Property Type
Building Size
11,000 SF
Building Class
C
Year Built
1940
Price
$843,000
Price Per SF
$76.64
Tenancy
Single
Building Height
1 Story
Building FAR
0.14
Lot Size
1.76 AC
Zoning
C-G
Parking
48 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
137’ on S Pacific Hwy
Property Taxes
| Parcel Number | 10020139 | Improvements Assessment | $0 |
| Land Assessment | $0 | Total Assessment | $587,910 |
Property Taxes
Parcel Number
10020139
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$587,910
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