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$ 850,000
Est. payment /mo
New
2937 Merriman RD Medford, OR 97501
4,760 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 4,760 sqft
Price per Sqft $178
MLS Listing ID 220225378
Year Built 1964
Annual Tax Amount $4,389
Lot Size 0.550 Acres
Acres 0.55
Lot Dimensions 0.55
Property Description
Owner Carry! Whether you're looking for a solid investment property or an owner occupied building for your business, this mixed use commercial building offers an incredible opportunity. Well maintained commercial building with large two bedroom apartment upstairs. Building currently being used by Winter's Electric has been nicely updated and features three roll up doors, reception / waiting rooms, office, kitchenette / break area, and plenty of shop / warehouse / storage. Upstairs you will find a spacious apartment complete with large outdoor deck and private entrance. Current NNN lease for commercial building is $5,500 per month and runs through April 1st 2027. According to local property management data, apartment will bring $1400 per month bringing this (pro forma) investment to a generous 9.7% cap rate! Additional adjacent .12 acre tax lot included. Schedule to tour this rare commercial opportunity today.
Location
State OR
County Jackson
Interior
Heating Electric, Forced Air, Heat Pump, Natural Gas
Cooling Central Air, Heat Pump
Exterior
Parking Features Asphalt, Gravel
Roof Type Rolled/Hot Mop
Building
Foundation Slab
Water Public
Level or Stories Two
Structure Type Frame
New Construction No
Others
Senior Community No
Tax ID 10486397
Acceptable Financing Cash, Conventional, Owner Will Carry
Listing Terms Cash, Conventional, Owner Will Carry
Special Listing Condition Standard
Listed by eXp Realty, LLC