Sugar and Spice Coffee n Fruits 1605 W Main St 328 SF Retail Building Medford, OR 97501 $575,000 ($1,753.05/SF) 7.30% Cap Rate
INVESTMENT HIGHLIGHTS
- Heavy traffic, approx. 30K cars per day
- Can be sold in conjunction with adjacent 125x60 ft lot for additional parking or future mixed-use construction
- Central location to the city of Medford
EXECUTIVE SUMMARY
High visibility drive-through business location. Large .28 acre corner lot zoned C-S/P, Service Commercial. Currently tenant occupied with the potential for owner occupant soon. The 328 sq. ft. structure was built in 2004 and is currently a drive-through coffee & fruit shop. The property is paved with access from both Columbus Ave. and West Main St. The lot features nice landscaping with an auto-sprinkler system and outside seating area. The 2018 City of Medford Traffic Study estimated that this arterial street location has exposure to approx. 30,200 cars per day. All information deemed accurate but not warranted. Use and conditions should be validated by interested parties. UPDATE: The property is currently being leased for $3,700/mo. by a new tenant. The lease is 18 months but non-renewable. A buyer would be able to assume the lease.
FINANCIAL SUMMARY (ACTUAL - 2023) Click Here to Access |
ANNUAL | ANNUAL PER SF |
|---|---|---|
| Gross Rental Income |
$99,999
|
$9.99
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
$99,999
|
$9.99
|
| Net Operating Income |
-
|
-
|
PROPERTY FACTS
Sale Type
Investment or Owner User
Property Type
Retail
Property Subtype
Building Size
328 SF
Building Class
B
Year Built
2002
Price
$575,000
Price Per SF
$1,753.05
Cap Rate
7.30%
NOI
$42,000
Tenancy
Single
Building Height
1 Story
Building FAR
0.03
Lot Size
0.28 AC
Zoning
C-S/P - The C-S/P district provides land for professional offices, hospitals, and limited service commercial uses. Housing also permitted in some cases.
Parking
5 Spaces (10 Spaces per 1,000 SF Leased)
Frontage
133’ on W Main St
AMENITIES
- Bus Line
- Corner Lot
- Security System
- Signage
- Signalized Intersection
- Drive Thru
NEARBY MAJOR RETAILERS
PROPERTY TAXES
| Parcel Number | 10404884 | Improvements Assessment | $63,800 (2024) |
| Land Assessment | $201,380 (2024) | Total Assessment | $265,180 (2024) |
