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3860 Crater Lake Ave

12,982 SF 50% Leased Office Building Medford, OR 97504 $4,300,000 ($331/SF)

Investment Highlights

  • Class A Medical Office/Clinic Space Available to Occupy
  • High Quality Construction and Finishes
  • Existing Tenant in Place in Half of the Building
  • Easy Access to Highway 62 and North Medford

Executive Summary

Rare opportunity to own your own medical building, with room for expansion. This Class A medical building includes a space to occupy approximately 6,500 sq.ft. and is ideal for medical or dental use or general office use. The property has just been rezoned to allow for a wide range of medical uses. The suite has 7 exam rooms, 7 executive offices, conference room, library, 2 laboratory rooms, 2 bathrooms and upstairs file storage space. The adjacent tenant has been in the building since construction. This provides rent to offset ownership costs, and it can be available in the future for expansion. High quality building construction and interior finishes. Excellent on-site parking, with easy access to Crater Lake Highway. Close to restaurants and services. Rare opportunity for medical suite ready to occupy. Vacant suite is also available for lease. Tour by appointment only, do not disturb tenants.

Property Facts

Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
12,982 SF
Building Class
B
Year Built
2000
Price
$4,300,000
Price Per SF
$331
Percent Leased
50%
Tenancy
Multiple
Building Height
2 Stories
Typical Floor Size
9,982 SF
Building FAR
0.30
Lot Size
1.01 AC
Opportunity Zone
Yes
Zoning
I-L - Community Commercial - Allows for general office use, Medical or Dental Laboratories.
Parking
39 Spaces (3 Spaces per 1,000 SF Leased)

Amenities

  • Central Heating
  • High Ceilings
  • Air Conditioning

Space Availability

  • Space
  • Size
  • Space Use
  • Condition
  • Available
  • 1st Fl-Ste B
  • 6,500 SF
  • Office/Medical
  • Full Build-Out
  • Now

This Class A medical space is approximately 6,500 sq.ft. and is ideal for medical or dental use or general office use. The property has just been rezoned to allow for a wide range of medical uses. The suite has 7 exam rooms, 7 executive offices, conference room, library, 2 laboratory rooms, 2 bathrooms and upstairs file storage space. High quality building construction and interior finishes. Excellent on-site parking, with easy access to Crater Lake Highway. Close to restaurants and services. Rare opportunity for medical suite ready to occupy. Property is also available for sale with a tenant remaining in the balance of the building. Tour by appointment only, do not disturb tenants.

Space Size Space Use Condition Available
1st Fl-Ste B 6,500 SF Office/Medical Full Build-Out Now

1st Fl-Ste B

Size
6,500 SF
Space Use
Office/Medical
Condition
Full Build-Out
Available
Now

1st Fl-Ste B

Size 6,500 SF
Space Use Office/Medical
Condition Full Build-Out
Available Now

This Class A medical space is approximately 6,500 sq.ft. and is ideal for medical or dental use or general office use. The property has just been rezoned to allow for a wide range of medical uses. The suite has 7 exam rooms, 7 executive offices, conference room, library, 2 laboratory rooms, 2 bathrooms and upstairs file storage space. High quality building construction and interior finishes. Excellent on-site parking, with easy access to Crater Lake Highway. Close to restaurants and services. Rare opportunity for medical suite ready to occupy. Property is also available for sale with a tenant remaining in the balance of the building. Tour by appointment only, do not disturb tenants.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10874532
Land Assessment
$178,280
Improvements Assessment
$2,204,640
Total Assessment
$2,382,920
  • Listing ID: 32922981

  • Date on Market: 8/22/2024

  • Last Updated:

  • Address: 3860 Crater Lake Ave, Medford, OR 97504

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