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$635,000
Est. payment /mo
5,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 5,000 sqft
Price per Sqft $127
MLS Listing ID 220230861
Year Built 1961
Annual Tax Amount $1,194
Lot Size 4,791 Sqft
Acres 0.11
Lot Dimensions 0.11
Property Description
This recently-renovated, 5,000 SF, two-unit mixed-use commercial property is ideally-located on historic G Street in a well-traveled area of Downtown Grants Pass. Both turnkey units are currently vacant and provide convenient access to ample parking, services, and nearby amenities. Unit 1 is 3,500 SF with 3 private offices, 3 restrooms, 2 large gathering spaces, and prep kitchen--providing flexibility for retail, professional services, wellness, educational, event rental, or nonprofit use. Unit 2 (1,500 SF) includes a dining area, kitchen, break room, 2 restrooms, and is currently set up as a coffee and boba shop (Taste & See--for sale separately for $35,000). Substantial recent improvements include updated building systems, flooring, kitchens and restrooms, HVAC, plumbing and electrical upgrades, paint, exterior improvements, and a 2021 roof. Capitalize on a unique opportunity to own this attractive downtown property as an owner-user or investor (est. proforma cap rate of 7.25%+).
Location
State OR
County Josephine
Interior
Heating Ductless, Electric, Forced Air, Natural Gas, Zoned
Cooling Ductless, Central Air, Zoned
Exterior
Parking Features Alley Access, On Street, Parking Lot
Roof Type Membrane
Building
Lot Description Level
Foundation Slab
Water Public
Level or Stories One
Structure Type Block
New Construction No
Others
Senior Community No
Tax ID R310626
Acceptable Financing Cash, Conventional, USDA Loan
Listing Terms Cash, Conventional, USDA Loan
Special Listing Condition Standard
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Listed by Realty Net of Central Oregon
Nearby Locations
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548 Business Park Dr, Medford, OR 97504, USA
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