1236 - 1242 N Riverside Avenue
Medford, OR
Business Park for Sale - $360,000 - 2,800 Sq. Ft. on 0.77 acres
Property Info
CIMLS# | 1088825 |
Location 1236 - 1242 N Riverside Avenue Medford OR 97501 | |
Updated | August 12th, 2022 |
Type | Business Park |
Price | $360,000 |
Building | 2,800 Sq. Ft. |
Land | 0.77 acres |
Property Description
08/12/22 Pending!
2 office condo units (1236 A & B and 1242 A) each consisting of two up and down suites (A & B) of approximately 700 SF each, or approximately 1,400 SF each unit; (total of 2,800 SF combined units). Each suite has its own entry, individual restroom and kitchenette. 1236 A is leased for a 3-year term ending July 2022; 1236 B is available asking $900/mo. 1242 A is immediately available for your occupancy or for additional lease income. Projected Net Operating Income produces a return on investment of over 7.0%. This is an excellent opportunity for an investor or owner/occupant of one of the units with investment income from the other. The 5-unit condominium is well-constructed and has been well-maintained over the years by the Unit Owners Association.