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7310 Crater Lake Highway, White City, OR 97503

$5,850,000
Property Type: Commercial Sale Square Footage: 29,786 Lot Size (sq. ft.): 177,289 Status: Active
Current Price: $5,850,000 List Date: 11/15/2022 Last Modified: 11/15/2022

Description

Rare opportunity to purchase a 100% leased, Dollar Tree anchored shopping center in Southern Oregon. Nearly 30,000 SF center with long-time tenancies and strong historical performance . Dollar Tree has occupied the center since 2004, and the 5 other tenants add a great mix of long-standing, stable occupants. Located on the high-visibility corner of Crater Lake Highway and Highway 140 in White City. The property is in excellent condition with many recent upgrades. Starbucks owns their pad and contributes to common property expenses. Value-Add Opportunity: Approximately 2.2 Acres of developable land on the East end of the property. Suitable for development as two stand-alone pads or as a single building. Possibility of adding a drive-thru use. Buyer to verify permitted uses and development potential with Jackson County.

Supplements: ********

More Information MLS# 220151678

Location, Tax, and Legal

Street Number: 7310 Street Name: Crater Lake Street Suffix: Highway County: Jackson State: OR Postal Code: 97503 Cross Street: Highway 140 Section: Not Applicable Parcel Number: 1-0262583 Tax Map Number: 36 1W 20C Tax Lot: 300 Lot Size Acres: 4.07 Lot Size Square Feet: 177289 Additional Parcels YN: No

Contract Information

Original List Price: 5850000 Current Price: $5,850,000 Status: Active List Price: $5,850,000 Listing Contract Date: 2022-08-09 Dual Listing YN: No

General Property Information

Building Area Total: 29786 Building Area Source: Assessor Building Area Units: Square Feet # of Units Total: 6 Year Built: 1989 New Construction YN: No Zoning: C-G Tax Annual Amount: 35647.19 Tax Year: 2021 CC&R's YN: Yes FIRPTA YN: No Sign On Property YN: No

Remarks and Miscellaneous

Public Remarks: Rare opportunity to purchase a 100% leased, Dollar Tree anchored shopping center in Southern Oregon. Nearly 30,000 SF center with long-time tenancies and strong historical performance . Dollar Tree has occupied the center since 2004, and the 5 other tenants add a great mix of long-standing, stable occupants. Located on the high-visibility corner of Crater Lake Highway and Highway 140 in White City. The property is in excellent condition with many recent upgrades. Starbucks owns their pad and contributes to common property expenses. Value-Add Opportunity: Approximately 2.2 Acres of developable land on the East end of the property. Suitable for development as two stand-alone pads or as a single building. Possibility of adding a drive-thru use. Buyer to verify permitted uses and development potential with Jackson County. Directions: Located on SE corner of Highway 62 and Highway 140

Status Change Information

Fallthrough Date: 2022-11-15 Status Change Timestamp: 2022-11-15

Currently Not Used

List Price per SqFt: 196.4

Business Details

Business Included?: No

Parking Details

Parking: Yes # of Parking Spaces: 150

Property Features

Additional Features: 3 Phase Electric; Common Area; Separate Electric Meters Basement: None Common Walls: 2+ Common Walls Construction Materials: Block Cooling: Zoned Flooring: Other Foundation Details: Slab Heating: Zoned Levels: One Roof: Membrane; Metal Security Features: Fire Sprinkler System; Security System Owned Parking Features: Parking Lot; Shared Driveway Power Production: Public Utilities Sewer: Public Sewer Water Source: Shared Well; Well Listing Terms: Cash; Conventional Special Listing Conditions: Standard
Listing Office: Pulver and Leever Real Estate
Last Updated: November - 15 - 2022

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

Information deemed reliable but not guaranteed.