Property Listing No Longer Available for Lease

551 Medford Center, Medford, OR

Retail for Lease - $1.50 SqFt/Month - 2,038 SqFt Available


Property Info

CIMLS#26884
Location
  551 Medford Center
  Medford OR 97504
UpdatedMay 5th, 2008
TypeRetail
Price$1.50 SqFt/Month
Building2,038 SqFt

Property Description

2,038 sf available at $1.50/sf/m plus NNN.

This center was constructed in 1987 with an exterior renovation having been undertaken from 2001-2003. This property is located on 37.45 acres in the heart of East Medford with immediate access to Interstate 5. The total leasable area is 419,789 square feet. The individual suites range in size from 1,000 square feet to 77,347 square feet. There are multiple points of ingress and egress off Biddle Road, Stevens Street, East Jackson Street and Crater Lake Avenue. Major tenants include Safeway, Sears, Tinseltown (Cinemark Theaters), Oz Fitness, Circuit City, Rite-Aid and Ashley Furniture.

Area

This shopping center is located in Medford, Oregon within Jackson County which borders California to the south and is surrounded by the majestic Cascade and Siskiyou Mountain ranges. It is centrally located on Interstate 5 between Portland and San Francisco, just hours from the Pacific Ocean coastline. Jackson County offers breathtaking scenery and a wide variety of vacation opportunities. The economic health of the area is strong and continues to grow. Moderate weather and a superior quality of life are two other main attractions. The trade area is estimated to be in excess of 250,000 with a population projection of 271,000 by 2011. The median age is 40 and the average household income is approximately $55,000.

Opportunity

This center offers a business owner an opportunity to locate in one of the highest traffic areas in the city of Medford, Oregon. Exposure to the traffic along Biddle and Stevens Street plus the established customer base of the existing tenants, together with competitive lease rates should place this property at the top of the list of possible locations. Any retailer attempting to relocate, expand or start up a business in the Medford area should seriously consider this property.