2937 Merriman Road, Medford, OR 97501

Property Description

Owner Carry! Whether you're 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 Winter's 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.