About 3404 S Pacific Highway
Commercial building on South Pacific Highway. Current tenant is Picker's Paradise with a one year lease, triple net, which equates to a 7.5% Cap Rate. Property is 1.76 acres and is zoned C-G so it's possible for commercial and/or apartment development. Apartments exist on the north side of property. The building is 11,008 square feet and in good condition. Property is priced well as an investment and with all of the new development in Phoenix the price also makes sense for commercial land at $12/sf and multifamily land @ $20,000/unit.
Features of 3404 S Pacific Highway
| MLS® # | 220187782 |
|---|---|
| Price | $943,000 |
| Acres | 1.76 |
| Year Built | 1940 |
| Type | Commercial Sale |
| Status | Active |
Community Information
| Address | 3404 S Pacific Highway |
|---|---|
| City | Medford |
| County | Jackson |
| State | OR |
| Zip Code | 97501 |
Amenities
| Parking | Asphalt |
|---|---|
| Is Waterfront | No |
Interior
| Heating | Natural Gas, Other |
|---|---|
| Cooling | Other |
| Fireplace | No |
| Stories | One |
Exterior
| Roof | Built-Up, Composition |
|---|---|
| Construction | Frame |
| Foundation | Slab |
Additional Information
| Date Listed | August 7th, 2024 |
|---|---|
| Days on Market | 121 |
| Zoning | C-G |
Listing Details
| Office | Windermere Van Vleet & Assoc2 |
|---|