Share this with your friends
+15309254439
West Coast Real Estate
2937 Merriman Road, Medford, OR 97501
- $850,000
- List Price
- $850,000
- Status
- ACTIVE
- Days on Market
- 102
- MLS#
- 220225378
- Subtype
- Commercial Sale
- Year Built
- 1964
- Lot Size
- 23,958
- Acres
- 0.55
Property Description
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.
Additional Information
- Taxes
- $4,389
- Zoning
- SFR-6
- Flooring
- Concrete, Laminate, Tile
- Heating
- Electric, Forced Air, Heat Pump, Natural Gas
- Air Conditioning
- Central Air, Heat Pump
- Stories
- Two
- Levels
- Two
- Roof
- Rolled/Hot Mop
- Foundation
- Slab
- Parking Features
- Asphalt, Gravel
How much is your home worth?
...get instant property value now!
Mortgage Calculator
Listing courtesy of eXp Realty, LLC.
The content relating to real estate for sale on this website comes in part form the MLS of Central Oregon. Real Estate listings held by Brokerages other than West Coast Real Estate are marked with the Reciprocity/IDX logo, and detailed information about these properties includes the name of the listing Brokerage. © MLS of Central Oregon (MLSCO). This content was last updated on . Some properties which appear for sale on this website may subsequently have sold or may no longer be available. All information provided is deemed reliable but is not guaranteed and should be independently verified. All content displayed on this website is restricted to personal, non-commercial use, and only for ascertaining information regarding real property for sale. The consumer will not copy, retransmit not redistribute any of the content from this website. The consumer is reminded that all listing content provided by automatic transmission by MLSCO is © MLS of Central Oregon (MLSCO).