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RCC downtown 117 S Central Ave 39,435 SF Vacant Office Building Medford, OR 97501 $4,778,054 CAD ($121.16 CAD/SF) 10.32% Cap Rate
Investment Highlights
- Federal Opportunity Zone
- Corner location, high visibility and high traffic counts
- redevelopment candidate
Executive Summary
Well maintained building with office or retail uses in the Federal Opportunity Zone. Possible redevelopment project. Full seismic upgrade. 2 Stories plus a full basement and a mezzanine. Poured in place concrete construction with stucco with wood beam roof and a built up roof covering. Currently configured as a instructional facility.
Financial Summary (Pro Forma - 2023) |
Annual (CAD) | Annual Per SF (CAD) |
|---|---|---|
| Gross Rental Income |
-
|
-
|
| Other Income |
-
|
-
|
| Vacancy Loss |
-
|
-
|
| Effective Gross Income |
-
|
-
|
| Net Operating Income |
$492,865
|
$12.50
|
Financial Summary (Pro Forma - 2023)
| Gross Rental Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Other Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Vacancy Loss (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Effective Gross Income (CAD) | |
|---|---|
| Annual | - |
| Annual Per SF | - |
| Net Operating Income (CAD) | |
|---|---|
| Annual | $492,865 |
| Annual Per SF | $12.50 |
Property Facts
Sale Type
Investment or Owner User
Sale Conditions
Property Type
Office
Building Size
39,435 SF
Building Class
B
Year Built/Renovated
1928/2002
Price
$4,778,054 CAD
Price Per SF
$121.16 CAD
Cap Rate
10.32%
NOI
$492,865 CAD
Percent Leased
Vacant
Tenancy
Multiple
Building Height
3 Stories
Typical Floor Size
13,145 SF
Building FAR
3.12
Lot Size
0.29 AC
Opportunity Zone
Yes
Zoning
C-C - community commercial zoning. Central Business District overlay. Also in Federal Opportunity Zone.
Parking
50 Spaces (1.27 Spaces per 1,000 SF Leased)
Amenities
- 24 Hour Access
- Bus Line
- Security System
- Basement
- Central Heating
- Partitioned Offices
- Secure Storage
- Air Conditioning
1 1
Walk Score®
Walker's Paradise (93)
Bike Score®
Very Bikeable (86)
Property Taxes
| Parcel Number | 10370167 | Improvements Assessment | $7,838,652 CAD (2026) |
| Land Assessment | $567,178 CAD (2026) | Total Assessment | $8,405,830 CAD (2026) |
Property Taxes
Parcel Number
10370167
Land Assessment
$567,178 CAD (2026)
Improvements Assessment
$7,838,652 CAD (2026)
Total Assessment
$8,405,830 CAD (2026)
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RCC downtown | 117 S Central Ave
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