229 Stewart AveMedford, OR 97501

Property Details for 229 Stewart Ave

Year built

2000

Lot size

1.54 AC

Property size (Sq ft)

12,839 SF

Zone code

C-C

Property type

Medical offices

Property subtype

Medical centers

APN

1-0426519

APU

10426519

Description

This exceptional 6,802-square-foot Class A medical office building is situated on a prominent 1.54-acre lot at 229 W. Stewart Ave, Medford, Oregon (97501), near the intersection of Holly Street. Built in 2000, this single-story building is currently vacant and ready for immediate occupancy. The property boasts a single-tenant configuration, ideal for a medical practice seeking a substantial and well-appointed space. The interior is designed to accommodate various medical uses, featuring multiple exam rooms, private offices, a reception area, and a waiting room. The listed square footage includes the building's common entry and shared waiting area. The property is zoned C-C/RZ. The Assessor's Parcel Number (APN) is 10426519. This is a rare opportunity to secure high-quality medical office space in a desirable location. The owner is willing to offer tenant improvement (TI) allowances based on lease terms and the tenant's financial qualifications. Tenant and use are subject to owner approval. This property presents a unique chance to establish or expand a medical practice in a thriving area of Medford. Don't miss this chance to secure this exceptional medical office building.

• CAP approach

  CAP return

  Valuation

  6%

  $2,530,433

  6.5%

  $2,335,784

  7%

  $2,168,943

• Comparable approach

  Method

  Valuation

  Relative Method

  $3,289,737

  Geo Method

  $3,289,737

• Alternative Use

  Use

  Valuation

  Residential

  $2,896,373

  Hospitality

  $2,653,062

  Educational

  $2,207,316

  Medical

  $2,283,230

  Retail

  $3,433,603

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3124

Longitude

-122.866

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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