1112 Progress DrMedford, OR 97504

Property Details for 1112 Progress Dr

Year built

2006

Lot size

1.19 AC

Property size (Sq ft)

10,328 SF

Zone code

C-R

Property type

Retail properties

Property subtype

Strip malls

APN

1-0925147

APU

10925147

Description

This 959-square-foot traditional office space is located in a desirable strip center on Progress Drive in Jackson County. The property, built in 2006, is a single-tenant space currently vacant and available for immediate occupancy. The building enjoys a prominent west end-cap location, offering excellent signage opportunities for increased visibility and brand awareness. The property sits on 1.18 acres of land and is zoned C-R (Commercial - Regional), allowing for a variety of commercial uses. The current tenancy is month-to-month, providing flexibility for potential buyers or lessees. The property's location adjacent to People's Bank provides added convenience and potential for synergistic business relationships. The Assessor's Parcel Number (APN) is 10925147. This presents a unique opportunity for businesses seeking high-visibility retail or office space in a well-established commercial area. The property's size and location make it ideal for a variety of businesses seeking a convenient and accessible location. The flexible month-to-month tenancy allows for immediate occupancy and adaptable lease terms. This is an excellent opportunity to establish a strong presence in a thriving commercial district.

• CAP approach

  CAP return

  Valuation

  6%

  $2,992,248

  6.5%

  $2,762,076

  7%

  $2,564,784

• Comparable approach

  Method

  Valuation

  Relative Method

  $6,668,786

  Geo Method

  $6,668,786

• Alternative Use

  Use

  Valuation

  Residential

  $2,329,914

  Hospitality

  $2,134,189

  Educational

  $1,775,620

  Medical

  $1,836,686

  Retail

  $2,762,076

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3447

Longitude

-122.873

CBSA code

32780

CBSA name

MEDFORD, OR METROPOLITAN STATISTICAL AREA

Property Tax & Assessments

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