For Lease
$14.40/SF/YR

601 Crater Lake AveMedford, OR 97504

10,000+ SF Office, Prime Location

Overview

Added:
Dec 11, 2024
Days on market:
115
This exceptional 10,160-square-foot office space, located at 601 Crater Lake Avenue in Medford, Oregon (97504), presents a unique investment opportunity. Situated on the lower level of a Class A building (built in 1994, renovated in 2022) beneath Chase Bank, this property boasts a desirable East Medford location within the C-C zoned area (APN 10329951). The space features a versatile layout including five private offices, three large open areas ideal for coworking, a conference room, separate men's and women's restrooms (one with a changing room), a file vault, a dedicated data room, ample storage, and a kitchenette. The lower level is accessible via both an interior staircase and an exterior door, potentially ADA accessible. The property offers abundant natural light from windows on nearly all sides, two private entrances, and 42 parking spaces. The total building encompasses 39,096 square feet across two suites on 1.98 acres (86,249 sq ft lot). Property taxes are $0.12 per square foot. The building has public power but no elevators. This high-traffic location benefits from a long-term professional tenant. Potential tenant improvements (TI) are allowable, contingent on lease terms, and grant money for ADA conversion may be available. Lease terms are NNN. Prospective tenants are responsible for conducting their due diligence. The space is adaptable, allowing for division into smaller suites to accommodate mixed uses. The landlord may contribute to build-outs or improvements, depending on the lease terms.

Highlights

  • Prime Medford, OR location on a major Crater Lake Avenue feeder road, directly across from the remodeled Medford Center, anchored by Cinemark, Safeway, and Ross Dress for Less.
  • Surrounding area features a mix of affordable multifamily, middle-class single-family homes, and diverse commercial properties.
  • Attractive, two-story octagonal building with ample parking and landscaping.
  • Upper floor fully occupied by a long-term J.P. Morgan Chase Bank tenant (flagship Southern Oregon location).
  • Ground floor vacant, ideal for retail or professional office use.

Property Details for 601 Crater Lake Ave

Property type
Specialty properties, Retail properties
RSF (Rentable sq. ft)
39,096 SF
Class
A
Year Built/Renovated
1994/2022
Buildings
1
Stories
2

Unit(s) available at that property

Space
Lower Level
Size
10,160 SF
Rate per SF
$14.40

Location Insight

City
Medford
County
Jackson
State
Oregon
Latitude
42.334952325436
Longitude
-122.86246773959
601 Crater Lake Ave, Medford, Oregon

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601 Crater Lake Ave
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