For Sale
$1,990,000

202 Riverside AveMedford, OR 97501

Prime location, value-add opportunity.

Overview

Added:
Dec 11, 2024
Days on market:
116
This exceptional two-story office building, located at 202 S Riverside Ave in Medford, Oregon (97501), presents a compelling value-add investment opportunity within a federal Opportunity Zone. The 16,550 square foot building, constructed in 1929 and renovated in 2000, boasts a concrete slab foundation, concrete walls, stucco exterior, and a Duro-Last rubber membrane roof supported by a wood beam structure. The property sits on a 0.28-acre lot and is zoned for community commercial use. Currently vacant, this Class B building offers significant potential for redevelopment. The existing layout is adaptable for various office and retail configurations, and the property has already undergone full ADA and seismic upgrades. With a list price of $1,990,000, a pro-forma NOI of $159,200, and a pro-forma cap rate of 8.00%, this property represents a strong return on investment. The building features one unit across two stories and is offered as a NNN lease. The APN is 10371211. This is a rare chance to acquire a substantial property in a thriving downtown Medford location.

Property Details for 202 Riverside Ave

Property type
Office properties
Square Feet
16,550 SF
Class
B
Year Built/Renovated
1929/2000
Buildings
1
Stories
2
Lot Size (sq. ft)
12,197 SF
Units
1

Location Insight

City
Medford
County
Jackson
State
Oregon
Latitude
42.325250053814
Longitude
-122.86942953538
202 Riverside Ave, Medford, Oregon

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202 Riverside Ave
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