891 O'Hare Parkway, Medford, OR 97504
$3,300,000
Property Type:
Commercial Sale
Square Footage:
14,254
Lot Size (sq. ft.):
84,071
Status:
Closed
Current Price:
$3,300,000
List Date:
5/18/2023
Last Modified:
9/01/2023
Description
''Price Reduced'' High profile office building in excellent condition! Approximately 14,254 SF 2-story building on 1.93 acres built in 2003. The ground floor totals approx. 8,306 SF, and the second floor (is serviced by an elevator) is approx. 5,948 SF. The building is steel frame construction with brick masonry exterior. The exterior and interior of the building is in excellent condition and has been well cared for. The property is located within the Navigator's Landing commercial division and is zoned Light Industrial (I-L) with a planned unit development (PUD) overlay. There are 56 designated parking spaces on site. The property is located adjacent to the Rogue Valley International Airport. Former bank branch location with a combination of nice private offices and open areas. Drive-thru lanes on the North side of building.
Property to be sold with a deed restriction in place against use by a financial institution for 5 years from closing.
Supplements: ********
More Information MLS# 220164260
Location, Tax, and Legal
Street Number: 891
Street Name: O'Hare
Street Suffix: Parkway
County: Jackson
State: OR
Postal Code: 97504
Cross Street: Biddle Road
Section: Not Applicable
Subdivision Name: Navigators Landing
Parcel Number: 1-0972283
Tax Map Number: 37 2W 12D
Tax Lot: 10500
Lot Size Acres: 1.93
Lot Size Square Feet: 84071
Additional Parcels YN: No
Contract Information
Original List Price: 3500000
Current Price: $3,300,000
Status: Closed
Sold Price: $3,300,000
Listing Contract Date: 2023-05-18
Buyer Agency Compensation: 3
Buyer Agency Compensation Type: %
General Property Information
Building Area Total: 14254
Building Area Source: Appraiser
Building Area Units: Square Feet
# of Units Total: 1
Year Built: 2003
New Construction YN: No
Zoning: I-L
Tax Annual Amount: 59427.21
Tax Year: 2022
CC&R's YN: Yes
FIRPTA YN: No
Sign On Property YN: Yes
Remarks and Miscellaneous
Public Remarks: ''Price Reduced'' High profile office building in excellent condition! Approximately 14,254 SF 2-story building on 1.93 acres built in 2003. The ground floor totals approx. 8,306 SF, and the second floor (is serviced by an elevator) is approx. 5,948 SF. The building is steel frame construction with brick masonry exterior. The exterior and interior of the building is in excellent condition and has been well cared for. The property is located within the Navigator's Landing commercial division and is zoned Light Industrial (I-L) with a planned unit development (PUD) overlay. There are 56 designated parking spaces on site. The property is located adjacent to the Rogue Valley International Airport. Former bank branch location with a combination of nice private offices and open areas. Drive-thru lanes on the North side of building.
Property to be sold with a deed restriction in place against use by a financial institution for 5 years from closing.
Directions: Located on the corner of O'Hare Parkway and Biddle Road.
Status Change Information
Close Date: 2023-08-31
Under Contract Date: 2023-06-19
Status Change Timestamp: 2023-09-01
Close Price: 3300000
Sold Price per SqFt: 231.51
Currently Not Used
List Price per SqFt: 245.55
Business Details
Business Included?: No
Miscellaneous Information
Total Building NRA: 14254
Parking Details
Parking: Yes
# of Parking Spaces: 56
Property Features
Additional Features: 3 Phase Electric; ADA Comply; Office Space
Basement: None
Common Walls: No Common Walls
Construction Materials: Brick; Steel Framing
Cooling: Central Air
Flooring: Carpet; Tile
Foundation Details: Slab
Heating: Forced Air
Interior Features: Built-in Features; Elevator
Levels: Two
Roof: Membrane; Tile
Security Features: Fire Sprinkler System; Security System Owned; Smoke Detector(s)
Flood: Plain
Miscellaneous Information: Use Restrictions
Parking Features: Asphalt; Parking Lot
Road Frontage Type: Private Access
Road Surface Type: Paved
Power Production: Public Utilities
Sewer: Public Sewer
Water Source: Public
Listing Terms: Cash; Conventional
Special Listing Conditions: Standard
Listing Office: Pulver and Leever Real Estate
Last Updated: September - 01 - 2023
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.