Skip to main content

2290 Main Street, Medford, OR 97501

$5,085,000
Property Type: Commercial Sale Lot Size (sq. ft.): 311,890 Status: Closed
Current Price: $5,085,000 List Date: 7/08/2015 Last Modified: 11/01/2024

Description

For Sale a 87,947 sq. ft. neighborhood shopping center on 7.16 acres. The center is anchored by Albertson's includes as tenants Subway, Perfect Look, Pucks Donuts, Lemon Grass Thai, El Arriero Restaurant, Sis-Q, Woolvies Floral, Jackson Creek Pizza, Creative Nails, Purple Parrot, Oregon Internal and Northwest Dental. Albertson's owns their 57560 square foot building and pays a land lease on the 4.23 acres. Upon expiration of the land lease and all options (4/30/2049) the building reverts to land owner. The parking lot in front of the Albertsons and building B are on leased property (Tax Lots 2500 & 2600) and the lease currently expires 4/30/2097. For sale with the center is another 30387 square feet of building referred to herein as buildings B, C, D, E, and F.

Supplements: ********

More Information MLS# 102952484

Location, Tax, and Legal

Parcel Number: 10430721 Lot Size Acres: 7.16 Lot Size Square Feet: 311890 Additional Parcels Description: 10430674, 10430704, 10430712

General Property Information

Zoning: GC Tax Annual Amount: 51729.17 Tax Year: 2014 Sign On Property YN: No Year Built: 2000

Remarks and Miscellaneous

Public Remarks: For Sale a 87,947 sq. ft. neighborhood shopping center on 7.16 acres. The center is anchored by Albertson's includes as tenants Subway, Perfect Look, Pucks Donuts, Lemon Grass Thai, El Arriero Restaurant, Sis-Q, Woolvies Floral, Jackson Creek Pizza, Creative Nails, Purple Parrot, Oregon Internal and Northwest Dental. Albertson's owns their 57560 square foot building and pays a land lease on the 4.23 acres. Upon expiration of the land lease and all options (4/30/2049) the building reverts to land owner. The parking lot in front of the Albertsons and building B are on leased property (Tax Lots 2500 & 2600) and the lease currently expires 4/30/2097. For sale with the center is another 30387 square feet of building referred to herein as buildings B, C, D, E, and F. Directions: Corner of West Main and Ross

Business Type (AKA Sub Type)

Retail: 1

Listing Terms

Cash: 1 Conventional: 1

Inclusions/Exclusions

Exclusions: Tenant Property

Special Listing Conditions

Standard: 1

Location Tax and Legal

Street Number: 2290 Street Name: Main Street Suffix: Street County: Jackson State: OR Postal Code: 97501

Contract Information

Original List Price: 5781000 Current Price: $5,085,000 Status: Closed Sold Price: $5,085,000 Listing Contract Date: 2015-01-07

Status Change Information

Close Date: 2016-05-16 Under Contract Date: 2015-09-28 Status Change Timestamp: 2016-05-23 Close Price: 5085000

Property Features

Business Type (AKA Sub Type): Retail Listing Terms: Cash; Conventional Special Listing Conditions: Standard
Listing Office: Leland James Zundel Realty
Last Updated: November - 01 - 2024
Information deemed reliable but not guaranteed.