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Retail

Medford Development Site

940 S Riverside Ave, Medford, OR 97501

Listing Price: $945,000

Lot Size
0.68 acres
Price/Acre
$1,389,706
Land Type
Land

Investment Overview

Marcus & Millichap's Brown Retail Group has been exclusively selected to market for sale a drive-thru permitted development site adjacent to a high-volume grocery store in Medford, OR. The 0.68 acre lot is equipped with multiple ingress and egress access points and includes ample space for parking. The Property is zoned C-R (Regional Commercial) which permits numerous commercial uses including nearly all retail, office and public administration uses. Located less than 5 minutes from the southern I-5 entry/exit point and directly between northbound and southbound Hwy 99, the main north/south arterial through Medford, the Property features excellent visibility and exposure to over 29,600 VPD. The Property is located across the street from a strong performing Winco Foods featuring in excess of 1,600,000 visitors per year and which saw a 9% increase in customer traffic year-over-year (Placer.ai). The Medford retail and office markets are health and growing with retail rents increasing more than 10% in the last 3 years and office rents increasing 9% in the same time. Within a 5-mile radius of the Subject Property, there are over 116,000 residents. Since 2010, the surrounding area has grown by nearly 12%.

Investment Highlights

  • DRIVE-THRU PERMITTED WITH EASY INGRESS/EGRESS
  • 0.68 ACRE LOT WITH AMPLE PARKING
  • FLEXIBLE ZONING
  • HIGH-TRAFFIC, EXCELLENT VISIBILITY LOCATION (29,600+ VPD)
  • STRONG RETAIL TRADE AREA
  • POSITIONED ACROSS FROM HIGH-VOLUME WINCO FOODS GROCERY STORE
  • ROBUST RENT GROWTH AND LOW VACANCY MARKET
  • SOLID GROWING DEMOGRAPHICS

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s) OR: 201224889

    Oregon

Financing By

Retail

Medford Development Site

Listing Price: $945,000

Lot Size
0.68 acres
Price/Acre
$1,389,706
Land Type
Land

Investment Highlights

  • DRIVE-THRU PERMITTED WITH EASY INGRESS/EGRESS
  • 0.68 ACRE LOT WITH AMPLE PARKING
  • FLEXIBLE ZONING
  • HIGH-TRAFFIC, EXCELLENT VISIBILITY LOCATION (29,600+ VPD)
  • STRONG RETAIL TRADE AREA
  • POSITIONED ACROSS FROM HIGH-VOLUME WINCO FOODS GROCERY STORE
  • ROBUST RENT GROWTH AND LOW VACANCY MARKET
  • SOLID GROWING DEMOGRAPHICS

Investment Overview

Marcus & Millichap's Brown Retail Group has been exclusively selected to market for sale a drive-thru permitted development site adjacent to a high-volume grocery store in Medford, OR. The 0.68 acre lot is equipped with multiple ingress and egress access points and includes ample space for parking. The Property is zoned C-R (Regional Commercial) which permits numerous commercial uses including nearly all retail, office and public administration uses. Located less than 5 minutes from the southern I-5 entry/exit point and directly between northbound and southbound Hwy 99, the main north/south arterial through Medford, the Property features excellent visibility and exposure to over 29,600 VPD. The Property is located across the street from a strong performing Winco Foods featuring in excess of 1,600,000 visitors per year and which saw a 9% increase in customer traffic year-over-year (Placer.ai). The Medford retail and office markets are health and growing with retail rents increasing more than 10% in the last 3 years and office rents increasing 9% in the same time. Within a 5-mile radius of the Subject Property, there are over 116,000 residents. Since 2010, the surrounding area has grown by nearly 12%.

Exclusively Listed By

Broker of Record

  • David Tabata

    Regional Manager

    (503) 200-2000

    License(s): OR: 201224889

    Oregon

Financing By

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