3811 CRATER LAKE HWY Active Save Request In-Person Tour Request Virtual Tour
Medford,OR 97504
Key Details
Property Type Commercial
Sub Type Other
Listing Status Active
Purchase Type For Sale
Square Footage 8,640 sqft
Price per Sqft $231
MLS Listing ID 24451951
Year Built 1958
Annual Tax Amount $9,290
Tax Year 2023
Lot Size 2.090 Acres
Property Description
This highly visible Mixed-Use Flex Industrial Property is fully leased with long-term tenants, and fronts a high-traffic area of Highway 62 in a location of expansion growth, and development. 2008 Avg Daily Traffic was 33,700. The property is located .35 of mile from a 1,000 residential unit development and comprises one dividable tax lot across 2.09 acres, with 3 distinct structures. The main structure is comprised of approximately 6,469 SF with 2 distinct units. UNIT ONE; is 100% finished office space, leased to a real estate office, that is also owned by the seller of the property. So seller/Lessee of Real Estate Office space is flexible on continued leaseback or terms to move out, depending on buyer preference. UNIT TWO is leased to an automotive shop, with about 30% office space. The second structure is a ± 2,318 SF shop built in 2014, that occupies the northwest corner of the property on a ground lease. The owner of the 2,318 SF building is the seller's Brother and is also flexible and qualified to share costs in dividing the property to purchase the back portion, or consider a longer-term leaseback, or vacate; depending on buyer preference. Southern adjoining .81 acre lot also available for sale by another Broker if more land is needed.
Location
State OR
County Jackson
Area _801
Zoning I-G
Interior
Heating Forced Air, Other
Cooling Central Air, Other
Exterior
View City
Roof Type Composition
Parking Type On Site
Garage No
Building
Story 2
Sewer Public Sewer
Water Public Water
Level or Stories 2
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional