For Sale
$2,900,000

717 Murphy Rd Medford, OR 97504

15,514 SF Office, Vacant, $2.9M

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional 15,514-square-foot Class B office building presents a unique investment opportunity in Medford, Oregon. Located at 717 Murphy Rd, this two-story building, constructed in 1999, boasts a desirable location near Asante Rogue Regional Medical Center. The property features a convenient elevator and ample parking on a 0.57-acre lot. Currently vacant, this versatile space offers significant potential for various uses, including executive, medical, or traditional office configurations. The building's design, originally built as a law office, includes numerous large private offices and a spacious conference room strategically positioned around the perimeter. The property is zoned C-S/P and offers a single unit with 15,514 square feet of net rentable space, priced at $186.93 per square foot. The asking price is $2,900,000. While the current property tax assessment shows $0 due to the previous tenant's non-profit status and tax exemption, potential buyers should conduct their own due diligence regarding property taxes. Occupancy is available immediately. The seller will consider leasing all or part of the building, subject to acceptable tenant, use, and lease terms. This is an excellent opportunity to acquire a high-quality office building in a thriving Oregon market. APN: 10021930.

Property Details for 717 Murphy Rd

Property type
Office properties, Medical offices
Square Feet
15,514 SF
Class
B
Year Built
1999
Stories
2
Lot Size (sq. ft)
24,829 SF
Units
1

Location Insight

City
Medford
County
Jackson
State
Oregon
Latitude
42.3154612
Longitude
-122.8282799
717 Murphy Rd, Medford, Oregon

FAQs

What type of property is this?
Office property - 15,514 SF Office, Vacant, $2.9M
Where is the office property located?
The property is located at 717 Murphy Rd Medford, OR.
What is the asking price?
The asking price for this property is $2,900,000.
How can I contact the broker?
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717 Murphy Rd
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