1924 Biddle RdMedford, OR 97504

Property Details for 1924 Biddle Rd

Lot size

0.56 AC

Property size (Sq ft)

2,576 SF

Zone code

C-R

Property type

Turn key restaurants

APN

1-0636287

APU

10636287

Description

This 2,576 square foot restaurant space, formerly a Pizza Hut, is located at 1924 Biddle Road in Medford, Oregon (Jackson County, APN 10636287). The property sits on a 0.56-acre lot and includes 25 parking spaces. The interior has been completely refreshed and is immediately available for occupancy. The building benefits from a new roof and the owner is planning to install a brand new HVAC system, including ductwork, based on the current floor plan. This single-tenant space is ideally situated next to Elmer's and adjacent to Food 4 Less, offering excellent visibility and foot traffic. The owner is seeking a five-year lease with annual rent escalations and a percentage rent component. A lease option may be considered. Tenant improvements for a qualified tenant might be negotiated at an increased rental rate. The property is offered "as is," and the owner reserves the right to approve the tenant and intended use. Convenience stores are not permitted. This is a turnkey opportunity for a restaurant operator seeking a high-traffic location in Medford, Oregon.

• CAP approach

  CAP return

  Valuation

  6%

  $746,324

  6.5%

  $688,914

  7%

  $639,706

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,663,322

  Geo Method

  $1,663,322

• Alternative Use

  Use

  Valuation

  Residential

  $581,125

  Hospitality

  $532,307

  Educational

  $442,873

  Medical

  $458,105

  Retail

  $688,914

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3476

Longitude

-122.874

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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