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1174 Progress Drive, Medford, OR 97504

$2,969,250
Property Type: Commercial Sale Square Footage: 15,640 Lot Size (sq. ft.): 66,647 Status: Active
Current Price: $2,969,250 List Date: 9/02/2022 Last Modified: 9/02/2022

Description

EXCLUDES Current Tenants! Multi-Tenant office building currently 2 tenants. Great location just off Biddle Road. Net Operating income $193,001.13/Year/NNN.

Supplements: ********

More Information MLS# 220153057

Location, Tax, and Legal

Street Number: 1174 Street Name: Progress Street Suffix: Drive County: Jackson State: OR Postal Code: 97504 Section: Not Applicable Parcel Number: 1-0925153 Tax Map Number: 37 1W 19BB Tax Lot: 1506 Lot Size Acres: 1.53 Lot Size Square Feet: 66647 Additional Parcels YN: No

Contract Information

Original List Price: 2969250 Current Price: $2,969,250 Status: Active List Price: $2,969,250 Listing Contract Date: 2022-09-02

General Property Information

Building Area Total: 15640 Building Area Source: Assessor Building Area Units: Square Feet # of Units Total: 2 New Construction YN: No Zoning: C-R Tax Year: 2021 CC&R's YN: Yes FIRPTA YN: No Sign On Property YN: Yes

Remarks and Miscellaneous

Public Remarks: EXCLUDES Current Tenants! Multi-Tenant office building currently 2 tenants. Great location just off Biddle Road. Net Operating income $193,001.13/Year/NNN. Directions: Just off Biddle, East of People's Bank Headquarters.

Status Change Information

Status Change Timestamp: 2022-09-02

Currently Not Used

List Price per SqFt: 189.85

Unit 1

Unit #: 101 Tenant Name: SO Child & Family Square Footage: 10725 Monthly Rent: 10188.75 Status: Leased

Unit 2

Unit #: 102 Tenant Name: American Red Cross Square Footage: 4915 Monthly Rent: 5639.96 Status: Leased

Business Details

Business Included?: No

Income and Expenses (Annual Amounts)

Net Operating Income: 189944.52

Miscellaneous Information

UGB: Inside

Parking Details

Parking: Yes # of Parking Spaces: 94

Property Features

Common Walls: No Common Walls Construction Materials: Block Cooling: Central Air Flooring: Carpet; Vinyl Foundation Details: Slab Heating: Forced Air; Natural Gas Levels: One Roof: Rubber Business Type (AKA Sub Type): Professional/Office Parking Features: Parking Lot Power Production: Public Utilities Sewer: Public Sewer Water Source: Public Listing Terms: Cash Special Listing Conditions: Standard
Listing Office: Pulver and Leever Real Estate
Last Updated: September - 02 - 2022

The listing broker's offer of compensation is made only to participants of the MLS where the listing is filed.

Broker Attribution: 541-773-5391

Information deemed reliable but not guaranteed.