For Sale
$375,000

2621 Whittle Ave Medford, OR 97504

Prime Medford office, 86% leased, great ROI.

Overview

Added:
Dec 11, 2024
Days on market:
127
This exceptional investment opportunity presents a 3,102 square foot Class B office building situated on a 0.27-acre lot in Medford, Oregon. The property, located at 2621 Whittle Avenue, features two buildings with a total of ten private offices, three shared and private bathrooms, and eleven off-street parking spaces. Built in 1952 and renovated in 2005, this multi-tenant property currently boasts 86% occupancy with six tenants, generating a strong rental income stream. The net rentable square footage is 2,813 square feet, with an asking price of $375,000, resulting in a price per square foot of $121. The property is zoned for Light Industrial use and offers a blend of executive and traditional office spaces, making it ideal for a variety of businesses. Conveniently located behind Dazey Hardware at the intersection of Whittle and Sky Park, this property provides easy access to local amenities, restaurants, and services. Hunter fiber is available, catering to modern business needs. The property is an excellent owner-user opportunity, allowing for business expansion while simultaneously benefiting from rental income. The current lease agreements expire on August 30, 2024. This is a rare opportunity to acquire a well-maintained, centrally located office building with significant upside potential. Please do not disturb tenants.

Highlights

  • Owner-occupied and investment opportunity.
  • Professional office building.
  • 86% leased with separate private offices.
  • Ample on-site parking.
  • Convenient walk to amenities.

Property Details for 2621 Whittle Ave

Property type
Office properties
Square Feet
3,102 SF
Class
B
Year Built/Renovated
1952/2005
Buildings
2
Stories
1
Lot Size (sq. ft)
11,761 SF
Units
10

Location Insight

City
Medford
County
Jackson
State
Oregon
Latitude
42.357174550655
Longitude
-122.86088825643
2621 Whittle Ave, Medford, Oregon

FAQs

What type of property is this?
Office property - Prime Medford office, 86% leased, great ROI.
Where is the office property located?
The property is located at 2621 Whittle Ave Medford, OR.
What is the asking price?
The asking price for this property is $375,000.
What are key features of this property?
This property features: Owner-occupied and investment opportunity.; Professional office building.; 86% leased with separate private offices.
How can I contact the broker?
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2621 Whittle Ave
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