2290 Main Street, Medford, OR 97501
$5,085,000

Property Type:
Commercial Sale
Lot Size (sq. ft.):
311,890
Status:
Closed
Current Price:
$5,085,000
List Date:
7/08/2015
Last Modified:
11/01/2024
Description
For Sale a 87,947 sq. ft. neighborhood shopping center on 7.16 acres. The center is anchored by Albertson's includes as tenants Subway, Perfect Look, Pucks Donuts, Lemon Grass Thai, El Arriero Restaurant, Sis-Q, Woolvies Floral, Jackson Creek Pizza, Creative Nails, Purple Parrot, Oregon Internal and Northwest Dental. Albertson's owns their 57560 square foot building and pays a land lease on the 4.23 acres. Upon expiration of the land lease and all options (4/30/2049) the building reverts to land owner. The parking lot in front of the Albertsons and building B are on leased property (Tax Lots 2500 & 2600) and the lease currently expires 4/30/2097. For sale with the center is another 30387 square feet of building referred to herein as buildings B, C, D, E, and F.
Supplements: ********
More Information MLS# 102952484
Location, Tax, and Legal
Parcel Number: 10430721
Lot Size Acres: 7.16
Lot Size Square Feet: 311890
Additional Parcels Description: 10430674, 10430704, 10430712
General Property Information
Zoning: GC
Tax Annual Amount: 51729.17
Tax Year: 2014
Sign On Property YN: No
Year Built: 2000
Remarks and Miscellaneous
Public Remarks: For Sale a 87,947 sq. ft. neighborhood shopping center on 7.16 acres. The center is anchored by Albertson's includes as tenants Subway, Perfect Look, Pucks Donuts, Lemon Grass Thai, El Arriero Restaurant, Sis-Q, Woolvies Floral, Jackson Creek Pizza, Creative Nails, Purple Parrot, Oregon Internal and Northwest Dental. Albertson's owns their 57560 square foot building and pays a land lease on the 4.23 acres. Upon expiration of the land lease and all options (4/30/2049) the building reverts to land owner. The parking lot in front of the Albertsons and building B are on leased property (Tax Lots 2500 & 2600) and the lease currently expires 4/30/2097. For sale with the center is another 30387 square feet of building referred to herein as buildings B, C, D, E, and F.
Directions: Corner of West Main and Ross
Business Type (AKA Sub Type)
Retail: 1
Listing Terms
Cash: 1
Conventional: 1
Inclusions/Exclusions
Exclusions: Tenant Property
Special Listing Conditions
Standard: 1
Location Tax and Legal
Street Number: 2290
Street Name: Main
Street Suffix: Street
County: Jackson
State: OR
Postal Code: 97501
Contract Information
Original List Price: 5781000
Current Price: $5,085,000
Status: Closed
Sold Price: $5,085,000
Listing Contract Date: 2015-01-07
Status Change Information
Close Date: 2016-05-16
Under Contract Date: 2015-09-28
Status Change Timestamp: 2016-05-23
Close Price: 5085000
Property Features
Business Type (AKA Sub Type): Retail
Listing Terms: Cash; Conventional
Special Listing Conditions: Standard
Listing Office:
Leland James Zundel Realty
Last Updated: November - 01 - 2024
Information deemed reliable but not guaranteed.