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. The property 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. NOTE: The ± 2,318 SF shop and building income of $36K per year are included at listed price and NOI. Third, and directly fronting Crater Lake Hwy, is a ± 132 SF Dutch Bros drive-through coffee stand on a ground lease. Annual Gross Rental property income is $162,727.50. Southern adjoining .81 acre lot also available for sale by another Broker if more land is needed.
Lot & Building Features
CoolingCentral Air, Other
HeatingForced Air, Other
Parking DescriptionOn Site
SewerPublic Sewer
WaterPublic Water
Price History of 3811 CRATER LAKE HWY, Medford, OR
Date
Name
Price
Difference
09/12/2024
Price Adjustment
$2,100,000
2.33%
07/11/2024
Listing Price
$2,150,000
N/A
*Information provided by REWS for your reference only. The accuracy of this information cannot be verified and is not guaranteed.
3811 CRATER LAKE HWY (MLS #24451951) is a commercial listing located in Medford, OR.
This commercial listing is 8,640 sqft and on a lot of 91,040 sqft (or 2.09 acres) and is 66 years old. This property was listed on 07/11/2024 and has been priced for sale at $2,100,000.
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Listing information courtesy of: Land and Wildlife LLC