2621 Whittle AveMedford, OR 97504

Property Details for 2621 Whittle Ave

Year built

1952

Lot size

0.27 AC

Property size (Sq ft)

3,102 SF

Property type

Office properties

Description

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.

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3572

Longitude

-122.861

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