1492 Burlcrest Dr - Warehouse FOR SALE


Medford, OR 97504
$4,500,000 USD
541-613-1683
1492 Burlcrest Dr, Medford, OR for Sale
$4,500,000 USD
Warehouse - FOR SALE
1/21
null | Request Cap Rate

1492 Burlcrest Dr
Medford, OR 97504


OVERVIEW

Saul Stearns of RE/MAX Platinum proudly presents this exceptional owner-user or investment opportunity priced well below replacement value. Formerly utilized as a full-service auto dealership and repair facility, this 21,301 SF building on 2.68 acres features a showroom, multiple office spaces, and an upstairs boardroom with additional offices plus an expansive storage mezzanine. The property features a state of the art clear-span automotive repair garage that is fully insulated with multiple pass through repair bays with fully windowed automated roll-up doors, recently installed LED lighting, title flooring, and an exhaust filtration/ventilation system, among other essential automotive amenities. Property has ample second-floor and ground level storage plus two very large garages attached to the main repair facility further adding utility and even possible expansion to your operations, while the rear ±/- 0.68 acres remain undeveloped—ideal for future expansion or adding additional parking to your already large parking amount. Being zoned Light Industrial (I-L), the site supports a wide range of uses including automotive, manufacturing, distribution, or service commercial among a mirid of other uses. Located within a federally designated Opportunity Zone, the property offers potential capital-gains tax incentives for qualified investors contact your accountant for advise in this regard. Located along and having direct access too Hwy 62 with over 35,000 vehicles per day, the property offers outstanding visibility and location as its also directly adjacent to BMW, Volkswagen, Nissan, RAM, Jeep, Dodge, Chrysler, Fiat, and Honda dealerships, enhancing its strong auto-centric synergy. Light Industrial zoning, abundant parking, and Opportunity Zone benefits make this a rare high-exposure Medford offering ready for immediate use or redevelopment. Nothing comparable is available nor has there been such an offering made available to the general public in recent years. This is truly a once in a lifetime opportunity for an investor or owner user. Perfectly set up for car a dealership, repair, facility, collision repair and a multitude of other uses.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$211 USD /SF

CAP RATE

Request Cap Rate

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY TYPE

Industrial

PROPERTY SUBTYPE

Warehouse

ADD'L SUBTYPES

undefined, Auto Repair, Showroom

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1965

UTILITIES

Gas - Natural, Water - City, Sewer - City, Heating - Gas

CLEAR CEILING HT

-

DOCKS

-

DRIVE INS

-

PARKING SPACES

90

LAND DETAILS

LAND ACRES

2.79

LAND SF

121,532

ZONING

I-L

APN/PARCEL ID

10730236

ASK ABOUT THIS PROPERTY

Saul StearnsRE/MAX PLATINUMMore Info
541-613-1683

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Saul StearnsRE/MAX PLATINUMMore Info
541-613-1683

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.