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229 W Stewart Ave
Medford, OR 97501
Office Property For Sale
Executive Summary
Merit Commercial Real Estate is pleased to exclusively present 229 Stewart Avenue, an established multi-tenant medical facility located in beautiful Medford, Oregon (the "Property").
The Property is situated on one parcel totaling 1.54 acres with a single quality, functional medical office building. The building itself totals ±12,839 SF and is currently leased to three tenants. Current tenants include Family Practice Group, Mercy Flights, and Pacific Crest Integrative Medicine.
There are four distinct suites within the four "corners" of the building, each consisting of similar layouts with banks of exam rooms, workstations, private offices, restrooms, and storage, each connected via large waiting rooms and common area.
Suite 101 and 102 as well as a part of the administration and reception areas are currently occupied by Family Practice Group ("FPG"), an established primary healthcare practice in the Rogue Valley.
Suite 103 is currently partially occupied by Mercy Flights, a nonprofit ambulance service. The tenant leases ±248 SF across two rooms, and is used for an employee drop-in area between calls or on breaks. Prospective buyers should note that the remaining area in suite 103 is currently vacant and has the potential to be occupied by another medical or similar user. The entire suite features 6 exam rooms, 1 treatment room, 1 private restroom, 1 utility room, a work station, and room for storage.
Suite 104 is leased to Pacific Crest Integrative Medicine ("PCIM"), a well-established functional medical clinic. PCIM utilizes approx. half of the front reception area and shares a large waiting room with Suite 103. Suite 104 features 5 exam rooms, 2 private offices, 1 private restroom, a work station, a utility room, a storage room and much more.
In addition to an opportunity to market and lease the vacant areas of Suite 103, an area in the west portion of the building of about 1,000 SF is vacant, and could be activated and leased to another user.
Key highlights of the Property include its strategic, high-visibility location, strong tenant base, and its very well maintained condition. Located on an arterial street in Medford, the Property benefits from strong connectivity for users and visitors alike. Access is also convenient with two shared full-movement driveways off of Stewart Avenue. The area surrounding the Property is a proven and growing commercial corridor with a variety of commercial buildings including small-scale retail, professional/medical offices and residential homes, apartment complexes, and large parks.
The opportunity at 229 Stewart Avenue is clear for prospective buyers. The property is well maintained medical facility with near-term upside and strong long-term positioning for prospective buyers. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.
The Property is situated on one parcel totaling 1.54 acres with a single quality, functional medical office building. The building itself totals ±12,839 SF and is currently leased to three tenants. Current tenants include Family Practice Group, Mercy Flights, and Pacific Crest Integrative Medicine.
There are four distinct suites within the four "corners" of the building, each consisting of similar layouts with banks of exam rooms, workstations, private offices, restrooms, and storage, each connected via large waiting rooms and common area.
Suite 101 and 102 as well as a part of the administration and reception areas are currently occupied by Family Practice Group ("FPG"), an established primary healthcare practice in the Rogue Valley.
Suite 103 is currently partially occupied by Mercy Flights, a nonprofit ambulance service. The tenant leases ±248 SF across two rooms, and is used for an employee drop-in area between calls or on breaks. Prospective buyers should note that the remaining area in suite 103 is currently vacant and has the potential to be occupied by another medical or similar user. The entire suite features 6 exam rooms, 1 treatment room, 1 private restroom, 1 utility room, a work station, and room for storage.
Suite 104 is leased to Pacific Crest Integrative Medicine ("PCIM"), a well-established functional medical clinic. PCIM utilizes approx. half of the front reception area and shares a large waiting room with Suite 103. Suite 104 features 5 exam rooms, 2 private offices, 1 private restroom, a work station, a utility room, a storage room and much more.
In addition to an opportunity to market and lease the vacant areas of Suite 103, an area in the west portion of the building of about 1,000 SF is vacant, and could be activated and leased to another user.
Key highlights of the Property include its strategic, high-visibility location, strong tenant base, and its very well maintained condition. Located on an arterial street in Medford, the Property benefits from strong connectivity for users and visitors alike. Access is also convenient with two shared full-movement driveways off of Stewart Avenue. The area surrounding the Property is a proven and growing commercial corridor with a variety of commercial buildings including small-scale retail, professional/medical offices and residential homes, apartment complexes, and large parks.
The opportunity at 229 Stewart Avenue is clear for prospective buyers. The property is well maintained medical facility with near-term upside and strong long-term positioning for prospective buyers. Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information.
Property Facts
Sale Type
Investment or Owner User
Property Type
Office
Property Subtype
Medical
Building Size
12,839 SF
Building Class
B
Year Built
2000
Price
$4,973,646 CAD
Price Per SF
$387.39 CAD
Percent Leased
100%
Tenancy
Multiple
Building Height
1 Story
Typical Floor Size
12,839 SF
Building FAR
0.19
Lot Size
1.54 AC
Zoning
C-C - Community Commercial
Parking
80 Spaces (6.23 Spaces per 1,000 SF Leased)
Property Taxes
| Parcel Number | 10426519 | Improvements Assessment | $0 CAD |
| Land Assessment | $0 CAD | Total Assessment | $3,584,899 CAD |
Property Taxes
Parcel Number
10426519
Land Assessment
$0 CAD
Improvements Assessment
$0 CAD
Total Assessment
$3,584,899 CAD
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