SQUARE FEET4,760
MLS#220225378
STATUSActive
PROPERTY TYPECommercial - Business
Property Description
Owner Carry! Whether youre looking for a solid investment property or an owner occupied building for your business, this mixed use commercial building offers an incredible opportunity. Well maintained commercial building with large two bedroom apartment upstairs. Building currently being used by Winters Electric has been nicely updated and features three roll up doors, reception / waiting rooms, office, kitchenette / break area, and plenty of shop / warehouse / storage. Upstairs you will find a spacious apartment complete with large outdoor deck and private entrance. Current NNN lease for commercial building is $5,500 per month and runs through April 1st 2027. According to local property management data, apartment will bring $1400 per month bringing this (pro forma) investment to a generous 9.7% cap rate! Additional adjacent .12 acre tax lot included. Schedule to tour this rare commercial opportunity today.
Property Features
Property Type: Commercial - Business
Cooling: Central Air, Heat Pump
Heating: Electric, Forced Air, Heat Pump, Natural Gas
Lot Size: 0.55 Acres
Roof Type: Rolled/Hot Mop
Stories: 2.0
Taxes: $4,389
Year Built: 1964
Feature Descriptions
Exterior: Frame
Sewer: Public Sewer
Units: 1
Listed By / Shown By
Listed By
Agency Name: eXp Realty, LLC
Shown By
Agent Name: Catherine Beaman
Agent Phone: (541) 880-8638
Agency Title: Fisher-Nicholson Realty LLC
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2937 Merriman Road | MLS# 220225378
This commercial property located at 2937 Merriman Road, Medford, OR 97501 is currently listed for sale with an asking price of $850,000. Search Medford real estate on catbeaman.fnrhomes.com today.