1213 Main StMedford, OR 97501

Property Details for 1213 Main St

Year built

1946

Lot size

0.04 AC

Property size (Sq ft)

825 SF

Zone code

C-S/P

Property type

Bars

Property subtype

Pubs

APN

1-0937340

APU

10937340

Description

This 2,000 square foot vacant commercial property, located at 1213 W Main St in Medford, Oregon (97501), is available for $375,000. Previously operating as the Flavor Restaurant and Bar, this single-story building offers a turnkey opportunity for a new restaurant or similar commercial venture. The property boasts a full kitchen, ample seating, and convenient parking in a high-traffic area near municipal buildings and downtown Medford. Recent updates include a metal roof, concrete floors, fresh paint, and a striking entrance light fixture. Two bathrooms are also included. The existing furniture is included in the sale. The C-S/P zoning permits a variety of commercial uses, potentially including a deli or retail store; however, buyers are responsible for conducting their own due diligence to confirm permitted uses. The asking price equates to $187.50 per square foot. This property presents a compelling investment opportunity in a desirable Medford location.

• CAP approach

  CAP return

  Valuation

  6%

  $239,019

  6.5%

  $220,633

  7%

  $204,873

• Comparable approach

  Method

  Valuation

  Relative Method

  $532,702

  Geo Method

  $532,702

• Alternative Use

  Use

  Valuation

  Residential

  $186,112

  Hospitality

  $170,477

  Educational

  $141,835

  Medical

  $146,713

  Retail

  $220,633

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3235

Longitude

-122.886

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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