2937 Merriman Rd - Storefront Retail/Residential FOR SALE


Medford, OR 97501
$850,000 USD
2937 Merriman Rd, Medford, OR for Sale
$850,000 USD
Storefront Retail/Residential - FOR SALE
1/36
null | 9.7% Cap Rate

2937 Merriman Rd
Medford, OR 97501


HIGHLIGHTS

  • Warehouse/ Work Garage
  • Multiple Office Rooms/ Space
  • Fully Equipped Home

OVERVIEW

: 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.

FOR SALE DETAILS

PRICE

$850,000 USD

PRICE/SF

$179 USD /SF

CAP RATE

9.7%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

2937-2945 Merriman Rd, Medford, OR 97501

PROPERTY TYPE

Retail

PROPERTY SUBTYPE

Storefront Retail/Residential

ADD'L SUBTYPES

Service Station, Service, Office/Residential

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1964

SPRINKLERS

-

PARKING SPACES

-

LAND DETAILS

LAND ACRES

0.55 AC

LAND SF

23,958 SF

ZONING

SFR-6

APN/PARCEL ID

10486397

ASK ABOUT THIS PROPERTY

Jake RockwellRockwell Group | eXp Realty, LLCMore Info

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Jake RockwellRockwell Group | eXp Realty, LLCMore Info

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