1174 Progress Drive, Medford, OR 97504
$2,800,000
Property Type:
Commercial Sale
Square Footage:
15,640
Lot Size (sq. ft.):
66,647
Status:
Closed
Current Price:
$2,800,000
List Date:
9/02/2022
Last Modified:
11/06/2024
Overview
Description
Listing Details MLS# 220153057
General Property Information
- Building Area Total
- 15640
- Building Area Source
- Assessor
- Building Area Units
- Square Feet
- # of Units Total
- 2
- New Construction YN
- No
- Zoning
- C-R
- Tax Year
- 2021
- CC&R's YN
- Yes
- FIRPTA YN
- No
- Sign On Property YN
- Yes
Property Features
Common Walls:
No Common Walls
Construction Materials:
Block
Cooling:
Central Air
Flooring:
Carpet; Vinyl
Foundation Details:
Slab
Heating:
Forced Air; Natural Gas
Levels:
One
Roof:
Rubber
Business Type (AKA Sub Type):
Professional/Office
Utilities:
Electricity Connected
Parking Features:
Parking Lot
Sewer:
Public Sewer
Water Source:
Public
Listing Terms:
Cash
Special Listing Conditions:
Standard
Location Tax and Legal
- Street Number
- 1174
- Street Name
- Progress
- Street Suffix
- Drive
- County
- Jackson
- State
- OR
- Postal Code
- 97504
Contract Information
- Original List Price
- 2969250
- Listing Contract Date
- 2022-09-02
Remarks and Miscellaneous
- Public Remarks
- EXCLUDES Current Tenants! Multi-Tenant office building currently 2 tenants. Great location just off Biddle Road. Net Operating income $199,345.68/Year/NNN.
- Directions
- Just off Biddle, East of People's Bank Headquarters.
Status Change Information
- Close Date
- 2023-03-01
- Under Contract Date
- 2023-01-27
- Status Change Timestamp
- 2023-03-02
- Close Price
- 2800000
- Sold Price per SqFt
- 179.03
More Information
Currently Not Used
- List Price per SqFt
- 189.85
Unit 1
- Unit #
- 101
- Tenant Name
- SO Child & Family
- Monthly Rent
- 10188.75
Unit 2
- Unit #
- 102
- Tenant Name
- American Red Cross
- Monthly Rent
- 5639.96
Business Details
- Business Included?
- No
Income and Expenses (Annual Amounts)
- Net Operating Income
- 189944.52
Miscellaneous Information
- UGB
- Inside
Parking Details
- Parking
- Yes
- # of Parking Spaces
- 94
Listing Office:
Pulver and Leever Real Estate
Last Updated: November - 06 - 2024
Broker Attribution:
541-773-5391
Information deemed reliable but not guaranteed.