Fantastic Opportunity with high exposure commercial property

Medford, OR (Jackson County)

Fantastic Opportunity with high exposure commercial property

Asking Price:$1,700,000

Cash Flow:N/A

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Real Estate:N/A


Fantastic Opportunity with high exposure commercial property

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Business Description

Fantastic Opportunity with high exposure commercial property on West Main in Medford on the way to Jacksonville. Surrounded by other large national businesses and high density residential housing this property has a great location with high traffic for success. Property includes approx. 9400 sqft of combination commercial and residential space sitting on over 1.5 Acres. Zoning is General Commercial allowing for many uses. There is a 6300 sqft commercial building currently setup as a restaurant and lounge that has been in operation for over 15 years producing a great income. Consists of restaurant, lounge with liquor and poker, large banquet room, large covered deck with more seating, and a beautiful back lawn area with gazebo for possible weddings and special events. There is an additional approx. 3100 sqft 6 bedroom/ 4 bath home in the back of the property with new and updated kitchen that includes new cabinets and granite counters, large master and private access. 1500 sqft of the house was added on recently. Property is located in the county but uses public water & sewer. Commercial kitchen is large and fully equipped with ovens, stoves, fryer, hoods, and all supplies and equipment for a restaurant in operation. Current business, and most equipment/ furniture is included. Parking for 50-60 vehicles with room to potentially build another building or?? Current poker and liquor revenue produces a nice income for the owners without any advertising and low expenses. In a great area of growth and lots of potential! Buyers to perform their own due diligence with the county on uses.

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Business Listed By:

John L Scott Real Estate

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