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3404 S Pacific Hwy

11,000 SF Retail Building Medford, OR 97501 £754,852 (£69/SF) 7.50% Net Initial Yield

Investment Highlights

  • Busy S Pacific Hwy traffic count.
  • Location plus with good visibility.

Executive Summary

Please note: The listing agent for this listing is Michael Bauer with Windermere Van Vleet & Associates, 541-840-7086. Commercial building on South Pacific Highway. Current tenant is Picker's Paradise with a one year lease, triple net, which equates to a 7.5% Cap Rate. Property is 1.76 acres and is zoned C-G so it's possible for commercial and/or apartment development. Apartments exist on the north side of property. The building is 11,008 square feet and in good condition. Property is priced well as an investment and with all of the new development in Phoenix the price also makes sense for commercial land at $12/sf and multifamily land @ $20,000/unit.

Property Facts

Sale Type
Investment or Owner User
Property Type
Retail
Building Size
11,000 SF
Building Class
C
Year Built
1940
Price
£754,852
Price Per SF
£69
Net Initial Yield
7.50%
NOI
£56,614
Tenancy
Single
Number of Floors
1
Building FAR
0.14
Lot Size
1.76 AC
Zoning
C-G
Parking
48 Spaces (4.36 Spaces per 1,000 SF Leased)
Frontage
137 ft on S Pacific Hwy
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Nearby Major Retailers

the Human Bean
Jazzercise
Ray's Food Place
Dutch Bros

PROPERTY TAXES

Parcel Number 10020139 Improvements Assessment £189,206
Land Assessment £251,647 Total Assessment £440,853

PROPERTY TAXES

Parcel Number
10020139
Land Assessment
£251,647
Improvements Assessment
£189,206
Total Assessment
£440,853
(541) 621-3059

Contact

  • Listing ID: 34244843

  • Date on Market: 19/12/2024

  • Last Updated:

  • Address: 3404 S Pacific Hwy, Medford, OR 97501

The Retail Property at 3404 S Pacific Hwy, Medford, OR 97501 is currently available for sale. Contact Windermere/Van Vleet & Associates for more information.

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3404 S Pacific Hwy, Medford, OR for sale Building Photo- Image 1 of 8
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3404 S Pacific Hwy, Medford, OR for sale Building Photo- Image 2 of 8
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3404 S Pacific Hwy, Medford, OR for sale Building Photo- Image 3 of 8
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3404 S Pacific Hwy, Medford, OR for sale Building Photo- Image 4 of 8
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3404 S Pacific Hwy, Medford, OR for sale Building Photo- Image 5 of 8
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3404 S Pacific Hwy, Medford, OR for sale Building Photo- Image 6 of 8
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3404 S Pacific Hwy, Medford, OR for sale Building Photo- Image 7 of 8
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© 2024 CoStar Group

3404 S Pacific Hwy
(541) 621-3059 x

3404 S Pacific Hwy

Gary Stamps

(541) 621-3059

(541) 621-3059

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