1605 Mcandrews RdMedford, OR 97504

Property Details for 1605 Mcandrews Rd

Year built

1991

Lot size

0.08 AC

Property size (Sq ft)

2,182 SF

Zone code

C-S/P

Property type

Medical offices

Property subtype

Medical centers

APN

1-0326443

APU

10326443

Description

This exceptional 2,182 square foot medical office building, situated on a 0.08-acre lot in Jackson County, presents a unique investment opportunity. Built in 1991, this single-story structure boasts 15 parking spaces, ensuring ample convenience for patients and staff. The property is currently vacant, offering immediate occupancy for a new tenant. The zoning designation is C-S/P, allowing for a variety of medical uses. The building's location on East McAndrews Road, directly across from Providence Hospital, provides excellent visibility and accessibility. This prime location offers significant advantages for attracting patients and establishing a thriving medical practice. The property features a single-tenant occupancy, providing a stable and predictable income stream for the owner. A minimum five-year lease term is preferred. The property owner retains the right to approve the prospective tenant and intended use of the space. The Assessor's Parcel Number (APN) is 10326443. This is a turn-key opportunity for a medical professional seeking a well-located, readily available space to establish or expand their practice.

• CAP approach

  CAP return

  Valuation

  6%

  $430,052

  6.5%

  $396,971

  7%

  $368,616

• Comparable approach

  Method

  Valuation

  Relative Method

  $559,094

  Geo Method

  $559,094

• Alternative Use

  Use

  Valuation

  Residential

  $492,244

  Hospitality

  $450,893

  Educational

  $375,137

  Medical

  $388,039

  Retail

  $583,547

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3417

Longitude

-122.863

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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