SQUARE FEET11,008
MLS#220187782
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Commercial building on South Pacific Highway. Previous tenant had a triple net lease at 5,925/month, which equates to an 8.4% cap rate. Property is 1.76 acres and is zoned C-G so its 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 $11/sf and multifamily land @ $16,200/unit.
Property Features
Property Type: Commercial - Business
Cooling: Other
Heating: Natural Gas, Other
Lot Size: 1.76 Acres
Roof Type: Built-Up, Composition
Stories: 1.0
Taxes: $6,525
Year Built: 1940
Feature Descriptions
Exterior: Frame
Sewer: Public Sewer
Units: 1
Listed By / Shown By
Listed By
Agency Name: Windermere Van Vleet & Assoc2
Shown By
Agency Title: CENTURY 21 North Homes Realty
Agency Phone: 541-815-0906
3404 S Pacific Highway | MLS# 220187782
This commercial property located at 3404 S Pacific Highway, Medford, OR 97501 is currently listed for sale with an asking price of $843,000. Search Medford real estate on www.isellsunriver.com today.