924 Central AveMedford, OR 97501

Property Details for 924 Central Ave

Lot size

0.34 AC

Property size (Sq ft)

4,900 SF

Zone code

C-C

Property type

Office properties

APN

1-0375465

APU

10375465

Description

This exceptional 0.34-acre commercial/industrial lot, located at 924 S Central Ave in Medford, Oregon (APN 10375465), presents a unique redevelopment opportunity. Zoned C-R, this property boasts a substantial 50x100 foot concrete slab, a remnant of a previously existing five-plex structure that was lost to fire. The existing infrastructure significantly reduces the initial costs associated with new construction. The property offers ample parking with 13 spaces. Situated in a high-traffic area of Medford, this location provides excellent visibility and accessibility for a variety of commercial ventures. The versatile zoning allows for diverse development options, including multi-family housing, retail spaces, or other commercial uses. This is a rare chance to acquire a well-positioned lot in a thriving commercial zone, ready for your vision. The property's location within Jackson County, Oregon, and its proximity to key transportation routes, further enhances its investment potential. This is a blank canvas for a savvy investor or developer seeking to capitalize on the strong Medford market. The asking price is $699,000.

• CAP approach

  CAP return

  Valuation

  6%

  $965,740

  6.5%

  $891,452

  7%

  $827,777

• Comparable approach

  Method

  Valuation

  Relative Method

  $1,255,527

  Geo Method

  $1,255,527

• Alternative Use

  Use

  Valuation

  Residential

  $1,105,401

  Hospitality

  $1,012,541

  Educational

  $842,422

  Medical

  $871,395

  Retail

  $1,310,435

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3178

Longitude

-122.865

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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