Mixed-Use Infill Redevelopment 2 Properties Offered at $3,250,000 in Grants Pass, OR
INVESTMENT HIGHLIGHTS
- R-4 (High-Density Resi. - 88% of Site, R-1-6 (Moderate-Density Resi. - 12%)
EXECUTIVE SUMMARY
Merit Commercial Real Estate is pleased to exclusively present the former Dimmick Campus, a multi-faceted investment and development land portfolio located in beautiful Grants Pass, Oregon (the "Site" or the "Offering").
The Dimmick Campus consists of 3 existing structures across 6.32 ac of land, and is available as a "full site" package sale (preferred), or as two distinct offerings. As of the date of this report, the Seller (Josephine County) has agreed to leaseback all or part of the Site for up to 12 months.
The history of the Site is storied; previously a full-scale hospital campus that housed the 4-story Dimmick Tower (demolished in 2014) that has since been replaced by Asante's Three Rivers Medical Center. The Site currently houses Josephine County's Health Services and Planning Departments.
Best viewed as two distinct sites, a developer could approach a partial purchase, take-down schedule, or other flexible proposals.
The Dimmick Campus consists of 3 existing structures across 6.32 ac of land, and is available as a "full site" package sale (preferred), or as two distinct offerings. As of the date of this report, the Seller (Josephine County) has agreed to leaseback all or part of the Site for up to 12 months.
The history of the Site is storied; previously a full-scale hospital campus that housed the 4-story Dimmick Tower (demolished in 2014) that has since been replaced by Asante's Three Rivers Medical Center. The Site currently houses Josephine County's Health Services and Planning Departments.
Best viewed as two distinct sites, a developer could approach a partial purchase, take-down schedule, or other flexible proposals.
PROPERTY FACTS
| Price | $3,250,000 |
| Price / SF | $115.19 / SF |
| Sale Type | Investment |
| Status | Active |
| Number of Properties | 2 |
| Individually For Sale | 2 |
| Total Building Size | 28,215 SF |
| Total Land Area | 6.32 AC |
PROPERTIES
| PROPERTY NAME / ADDRESS | PROPERTY TYPE | SIZE | YEAR BUILT | INDIVIDUAL PRICE |
|---|---|---|---|---|
| 715 NW Dimmick St, Grants Pass, OR 97526 | Office | 19,451 SF | 1963 | $1,950,000 |
| 700 NW Dimmick St, Grants Pass, OR 97526 | Specialty | 8,764 SF | 1985 | $1,300,000 |
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