2290 Main Street, Medford, OR 97501

$5,085,000
Property Type: Commercial Sale Lot Size (sq. ft.): 311,890 Status: Closed
Current Price: $5,085,000 List Date: 7/08/2015 Last Modified: 11/01/2024

Overview

Description

For Sale a 87,947 sq. ft. neighborhood shopping center on 7.16 acres. The center is anchored by Albertson's includes as tenants Subway, Perfect Look, Pucks Donuts, Lemon Grass Thai, El Arriero Restaurant, Sis-Q, Woolvies Floral, Jackson Creek Pizza, Creative Nails, Purple Parrot, Oregon Internal and Northwest Dental. Albertson's owns their 57560 square foot building and pays a land lease on the 4.23 acres. Upon expiration of the land lease and all options (4/30/2049) the building reverts to land owner. The parking lot in front of the Albertsons and building B are on leased property (Tax Lots 2500 & 2600) and the lease currently expires 4/30/2097. For sale with the center is another 30387 square feet of building referred to herein as buildings B, C, D, E, and F.

Listing Details MLS# 102952484

General Property Information

Year Built
2000
Zoning
GC
Tax Annual Amount
51729.17
Tax Year
2014
Sign On Property YN
No

Property Features

Business Type (AKA Sub Type): Retail Listing Terms: Cash; Conventional Special Listing Conditions: Standard

Location Tax and Legal

Street Number
2290
Street Name
Main
Street Suffix
Street
County
Jackson
State
OR
Postal Code
97501

Contract Information

Original List Price
5781000
Listing Contract Date
2015-01-07

Remarks and Miscellaneous

Public Remarks
For Sale a 87,947 sq. ft. neighborhood shopping center on 7.16 acres. The center is anchored by Albertson's includes as tenants Subway, Perfect Look, Pucks Donuts, Lemon Grass Thai, El Arriero Restaurant, Sis-Q, Woolvies Floral, Jackson Creek Pizza, Creative Nails, Purple Parrot, Oregon Internal and Northwest Dental. Albertson's owns their 57560 square foot building and pays a land lease on the 4.23 acres. Upon expiration of the land lease and all options (4/30/2049) the building reverts to land owner. The parking lot in front of the Albertsons and building B are on leased property (Tax Lots 2500 & 2600) and the lease currently expires 4/30/2097. For sale with the center is another 30387 square feet of building referred to herein as buildings B, C, D, E, and F.
Directions
Corner of West Main and Ross

Status Change Information

Close Date
2016-05-16
Under Contract Date
2015-09-28
Status Change Timestamp
2016-05-23
Close Price
5085000

More Information

Listing Office: Leland James Zundel Realty
Last Updated: November - 01 - 2024
Information deemed reliable but not guaranteed.