2686/2690 Crater Highway, Medford, OR 97504

$3,695,000
Property Type: Commercial Sale Square Footage: 28,440 Lot Size (sq. ft.): 167,706 Status: Closed
Current Price: $3,695,000 List Date: 8/15/2023 Last Modified: 11/08/2024

Overview

Description

The property consists of address(s) 2686 Crater Lake Highway (TL - #1500) and 2690 Crater Lake Highway (TL - #1600) Crater Lake Highway totaling 3.85 Acres and 28,440 SQ. FT. of Buildings with 540 feet of frontage along Crater Lake Highway. 2686 Crater Lake Highway has 2 buildings totaling 19,800 SQ. FT., currently leased to multiple tenants, the majority of which are month to month. The front paved area of TL #1500 is currently covered under a lease. There is one ingress/egress point for both tax lots accessing Crater Lake Highway, which has a daily ADT of 47,000. There are 2 free standing signs on the property. The property is being Sold ''AS IS'' condition and subject to Lease Agreements.

Listing Details MLS# 220169683

General Property Information

Building Area Total
28440
Building Area Source
Assessor
Building Area Units
Square Feet
# of Units Total
3
Year Built
1973
New Construction YN
No
Zoning
C-H
Tax Annual Amount
28512.93
Tax Year
2022
Potential Tax Liability YN
No
Assessment YN
No
CC&R's YN
No
FIRPTA YN
No
Sign On Property YN
No

Property Features

Common Walls: 2+ Common Walls Construction Materials: Steel Frame Cooling: Other Flooring: Other Foundation Details: Slab Heating: Other Levels: One Roof: Rolled/Hot Mop Utilities: Electricity Connected Parking Features: Asphalt Sewer: Public Sewer Water Source: Public Listing Terms: Cash Special Listing Conditions: Trust

Location Tax and Legal

Street Number
2686/2690
Street Name
Crater Highway
County
Jackson
State
OR
Postal Code
97504

Contract Information

Original List Price
3695000
Listing Contract Date
2023-08-15

Remarks and Miscellaneous

Public Remarks
The property consists of address(s) 2686 Crater Lake Highway (TL - #1500) and 2690 Crater Lake Highway (TL - #1600) Crater Lake Highway totaling 3.85 Acres and 28,440 SQ. FT. of Buildings with 540 feet of frontage along Crater Lake Highway. 2686 Crater Lake Highway has 2 buildings totaling 19,800 SQ. FT., currently leased to multiple tenants, the majority of which are month to month. The front paved area of TL #1500 is currently covered under a lease. There is one ingress/egress point for both tax lots accessing Crater Lake Highway, which has a daily ADT of 47,000. There are 2 free standing signs on the property. The property is being Sold ''AS IS'' condition and subject to Lease Agreements.
Directions
Crater Lake Hwy.

Status Change Information

Close Date
2024-01-23
Under Contract Date
2023-08-15
Status Change Timestamp
2024-01-23
Close Price
3695000
Sold Price per SqFt
129.92

More Information

Currently Not Used

List Price per SqFt
129.92

Business Details

Business Included?
No

Parking Details

Parking
Yes
# of Parking Spaces
20
Listing Office: John L. Scott Medford
Last Updated: November - 08 - 2024
Information deemed reliable but not guaranteed.