1016 Court StMedford, OR 97501

Property Details for 1016 Court St

Lot size

0.13 AC

Property size (Sq ft)

1,088 SF

Zone code

C-G

Property type

Office properties

APN

1-0388458

APU

10388458

Description

This exceptional 1,088 square foot commercial building is situated on a 0.13-acre lot at 1016 Court Street in Medford, Oregon. Recently updated and remodeled, the property boasts a highly desirable location with excellent visibility and accessibility. The interior is currently configured as six to seven individual office spaces, along with a large restroom facility. Nine convenient parking spaces are available for tenants and clients. The building offers a formal front entrance and two additional rear entrances, providing flexibility for various business configurations or the potential for multiple tenants. The property is currently vacant, offering a clean slate for a new owner or business. The high-traffic area presents excellent opportunities for prominent signage, maximizing visibility and attracting customers. The previous lease was $1500 per month, indicating strong rental potential. Showings are readily available after 3 PM on weekdays and by appointment on weekends. This is a prime opportunity to acquire a well-maintained commercial property in a thriving Medford location. The building's versatile layout and ample parking make it an ideal investment for a variety of commercial uses. Don't miss this chance to own a piece of Medford's vibrant commercial landscape.

• CAP approach

  CAP return

  Valuation

  6%

  $214,433

  6.5%

  $197,938

  7%

  $183,800

• Comparable approach

  Method

  Valuation

  Relative Method

  $278,778

  Geo Method

  $278,778

• Alternative Use

  Use

  Valuation

  Residential

  $245,443

  Hospitality

  $224,825

  Educational

  $187,051

  Medical

  $193,484

  Retail

  $290,969

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3358

Longitude

-122.88

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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