1363 Center DrMedford, OR 97501

Property Details for 1363 Center Dr

Year built

2006

Lot size

1.04 AC

Property size (Sq ft)

9,257 SF

Zone code

C-R

Property type

Retail properties

Property subtype

Strip malls

APN

1-0831454

APU

10831454

Description

This exceptional 4,152 square foot retail or restaurant space presents a remarkable opportunity in South Medford, Oregon. Built in 2023, this single-tenant building sits on a highly visible 0.48-acre lot at a signalized corner directly across from the South Medford Walmart, ensuring significant foot and vehicle traffic. The property boasts a convenient drive-thru, adding to its appeal for a variety of businesses. The building is currently vacant and ready for immediate occupancy. The property's prime location and modern construction make it ideal for a wide range of retail or restaurant concepts. Potential tenants should be aware that some restrictions apply, and the owner retains the right to approve the tenant, assess their financial stability, and ultimately determine the permitted use of the space. The Assessor's Parcel Number (APN) is 10831454, located within Jackson County. This is a rare opportunity to secure a brand-new, strategically located commercial property in a thriving retail area. Don't miss out on this chance to establish your business in a high-traffic, high-visibility location. Serious inquiries only.

• CAP approach

  CAP return

  Valuation

  6%

  $2,681,967

  6.5%

  $2,475,662

  7%

  $2,298,829

• Comparable approach

  Method

  Valuation

  Relative Method

  $5,977,241

  Geo Method

  $5,977,241

• Alternative Use

  Use

  Valuation

  Residential

  $2,088,314

  Hospitality

  $1,912,884

  Educational

  $1,591,497

  Medical

  $1,646,231

  Retail

  $2,475,662

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3111

Longitude

-122.854

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

FAQs

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