For Sale
$2,889,000

1879 Williams HwyGrants Pass, OR 97527

Class A, 10,000 SF, Vacant, High NOI

Overview

Added:
Dec 11, 2024
Days on market:
121
This exceptional 10,000-square-foot Class A medical office building presents a compelling investment opportunity in Grants Pass, Oregon. Located at 1879 Williams Hwy, 97527, this single-story, 2008-built property (renovated in 2015) sits on a 1.4-acre lot (APN R342287) and boasts a superior interior build-out ideal for medical practices. The building features numerous exam and procedure rooms, a thoughtful patient flow design, ample parking, and easy patient access. Its prime location within Grants Pass's medical hub ensures high visibility and traffic, complemented by its professional business park setting. Further enhancing its appeal are two designated ambulance entrances and reciprocal employee parking. The property is currently vacant, offering immediate occupancy for a new tenant. Financial highlights include an asking price of $2,889,000 ($288.90/sq ft), a pro-forma NOI of $240,000, and a pro-forma cap rate of 8.31%. This is a 1031 exchange eligible property. The property is suitable for a variety of medical uses.

Property Details for 1879 Williams Hwy

Property type
Office properties, Medical offices
Square Feet
10,000 SF
Class
A
Year Built/Renovated
2008/2015
Buildings
1
Stories
1
Lot Size (sq. ft)
60,984 SF
Units
1

Location Insight

City
Grants Pass
County
Josephine
State
Oregon
Latitude
42.4165473
Longitude
-123.338573
1879 Williams Hwy, Grants Pass, Oregon

FAQs

What type of property is this?
Office property - Class A, 10,000 SF, Vacant, High NOI
Where is the office property located?
The property is located at 1879 Williams Hwy Grants Pass, OR.
What is the asking price?
The asking price for this property is $2,889,000.
How can I contact the broker?
We strongly encourage to message the broker through our portal by clicking on the “Envelope” icon next to the brokers photo on the property page. We’ve found brokers response time is much quicker via our messaging portal than phone as brokers are always on the go.
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1879 Williams Hwy
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