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501 Airport Road, Medford, OR 97504

$8,500,000
Property Type: Commercial Sale Square Footage: 70,000 Lot Size (sq. ft.): 181,210 Status: Active
Current Price: $8,500,000 List Date: 7/16/2024 Last Modified: 8/29/2024

Description

Rare 70,000 square foot industrial building situated on 5.43 acres for sale or lease! Currently utilized as a warehouse/distribution facility, this concrete tilt-up warehouse building has 25' clear height ceilings, 11 truck loading docks, and a 1,728 square foot refrigerated cooler room. The building features approximately 14,000 square feet of quality office space in the front, and a large fully fenced and paved yard area in the back. Adjacent 1.27 acre excess parcel is included for potential future expansion. Located adjacent to Costco, in close proximity to the Central Point I-5 interchange. Current tenant is operating in the building and will need time to relocated. Estimated move out date is August 1, 2025. Call listing Broker for further information.

Supplements: ********

More Information MLS# 220186507

Location, Tax, and Legal

Street Number: 501 Street Name: Airport Street Suffix: Road County: Jackson State: OR Postal Code: 97504 Cross Street: Table Rock Rd Section: Not Applicable Parcel Number: 10701238 Tax Map Number: 37 2W 12A Tax Lot: 501 Lot Size Acres: 4.16 Lot Size Square Feet: 181210 Additional Parcels YN: Yes Additional Parcels Description: 10426990

Contract Information

Original List Price: 8500000 Current Price: $8,500,000 Status: Active List Price: $8,500,000 Listing Contract Date: 2024-07-16

General Property Information

Building Area Total: 70000 Building Area Source: Assessor Building Area Units: Square Feet # of Units Total: 1 Year Built: 1983 New Construction YN: No Zoning: I-L Tax Annual Amount: 69603.48 Tax Year: 2023 Potential Tax Liability YN: No Assessment YN: No CC&R's YN: No FIRPTA YN: No Sign On Property YN: No

Remarks and Miscellaneous

Public Remarks: Rare 70,000 square foot industrial building situated on 5.43 acres for sale or lease! Currently utilized as a warehouse/distribution facility, this concrete tilt-up warehouse building has 25' clear height ceilings, 11 truck loading docks, and a 1,728 square foot refrigerated cooler room. The building features approximately 14,000 square feet of quality office space in the front, and a large fully fenced and paved yard area in the back. Adjacent 1.27 acre excess parcel is included for potential future expansion. Located adjacent to Costco, in close proximity to the Central Point I-5 interchange. Current tenant is operating in the building and will need time to relocated. Estimated move out date is August 1, 2025. Call listing Broker for further information. Directions: Located on the NE corner of Airport Rd & Table Rock Rd, near Costco.

Status Change Information

Status Change Timestamp: 2024-07-16

Currently Not Used

List Price per SqFt: 121.43

Business Details

Business Included?: No

Parking Details

Parking: Yes # of Parking Spaces: 200

Property Features

Additional Features: 3 Phase Electric; ADA Comply; Mezzanine; Office Space Common Walls: No Common Walls Construction Materials: Concrete Cooling: Central Air Flooring: Concrete Foundation Details: Slab Heating: Forced Air Levels: Two Roof: Membrane Existing Lease Type: NNN Flood: N/A Utilities: Electricity Connected Parking Features: Asphalt Power Production: None Sewer: Public Sewer Water Source: Public Listing Terms: Cash; Conventional Special Listing Conditions: Standard
Listing Office: Pulver and Leever Real Estate
Last Updated: August - 29 - 2024
Broker Attribution: 541-773-5391

Information deemed reliable but not guaranteed.