Medford, Oregon, with a population of around 80,000, offers a unique opportunity for investors to capitalize on the city's growing economy. Commercial real estate in Medford is a sound investment, given the city's strategic location along major highways, including Interstate 5, and its proximity to the Rogue Valley International-Medford Airport. As a hub for healthcare, retail, manufacturing, and agriculture, Medford attracts a diverse range of businesses, from major corporations like Asante Rogue Regional Medical Center and Lithia Motors to local favorites like Harry & David. The city's amenities, such as Bear Creek Park and Prescott Park, and its educational institutions, including Rogue Community College and Southern Oregon University, make it an attractive location for businesses and residents alike. With its Mediterranean climate and scenic natural surroundings, Medford is an ideal place to live, work, and visit. The city's downtown area, with its restored historic buildings, and the airport area, serving over 1 million passengers annually, are notable locations that contribute to Medford's economic growth.
Currently, there are 44 commercial real estate listings available in Medford, offering a range of investment opportunities. The average price per square foot for commercial real estate in Medford is $226 USD, with an average size of 14,897 square feet. The largest commercial property available is 75,025 square feet. In addition to commercial real estate, Medford also offers industrial properties, with easy access to major highways and the airport, making them ideal for manufacturing and logistics businesses. Apartment buildings in Medford offer a range of investment opportunities, from small complexes to larger developments, catering to the city's growing population. Office properties in Medford are also in high demand, with many businesses looking for space in the city's downtown area or near the airport. Hotels in Medford, such as those near the airport or in the downtown area, offer a unique opportunity for investors to capitalize on the city's growing tourism industry. With its diverse economy and range of investment opportunities, Medford is an attractive location for businesses and investors alike.
What financing options are available for purchasing commercial real estate?
When it comes to financing options for purchasing commercial real estate in Medford, Oregon, there are several alternatives to consider, including:
- Traditional bank financing, which typically requires a 20-30% down payment and offers competitive interest rates;
- Small Business Administration (SBA) loans, which provide more flexible terms and lower down payments, often with a 10-20% down payment requirement;
- Private money lenders and hard money loans, which offer shorter loan terms and higher interest rates, but can provide faster access to capital.
How do cap rates factor into commercial real estate purchases?
When considering commercial real estate purchases in Medford, Oregon, cap rates play a crucial role in determining the potential return on investment. With an average cap rate of 6.45%, investors can gauge the property's potential income-generating capacity, making it essential to understand what is a cap rate and how it affects their investment decisions, as outlined in our article at what is a cap rate.
What is considered a commercial property?
A commercial property in Medford, Oregon is typically defined as a building or land used for business or commercial purposes, such as office spaces, retail stores, restaurants, warehouses, and industrial facilities, which can be found among the 44 available listings of commercial real estate in the area.
These properties can range in size from 14,897 square feet to 75,025 square feet, with an average price per square foot of $226 USD and an average cap rate of 6.45%, offering various opportunities for businesses and investors in Medford's growing economy.
