Medford, Oregon, with its rich history and growing population of approximately 90,000, presents an attractive opportunity for investors to explore Retail Properties for sale. As a key component of the city's economic landscape, Retail Properties offer a diverse range of investment options, from small, independent boutiques to larger, commercial shopping centers. With its strategic location along major highways, including Interstate 5, Highway 99, Highway 62, and Highway 238, Medford provides easy access to nearby cities, making it an ideal location for businesses catering to both local residents and tourists. The city's amenities, such as Bear Creek Park and Prescott Park, also contribute to its appeal, offering recreational activities and enhancing the overall quality of life. Additionally, Medford's Rogue Valley International-Medford Airport serves over 1 million passengers annually, further solidifying its position as a hub for commerce and travel. The city's educational institutions, including Rogue Community College and Southern Oregon University, also play a significant role in shaping the local economy and attracting businesses.
Currently, there are 8 Retail Properties for sale in Medford, offering a range of investment opportunities. The average price per square foot for these properties is $338 USD, with an average size of 12,939 square feet and a largest size of 51,300 square feet. The average cap rate for these properties is 6.74%. In addition to Retail Properties, Medford also offers a range of other property types, including Shopping Centers, which provide a concentrated retail experience, often with anchor stores and a variety of smaller shops. Restaurants, another popular property type, cater to the city's growing food scene, with a range of options from casual eateries to fine dining establishments. Office Properties, which provide space for businesses and professionals, are also available, as are Hotels, which cater to the city's tourism industry. Overall, Medford's diverse range of property types and its strategic location make it an attractive destination for investors and businesses alike.
What is the average cap rate for retail properties in Medford?
When it comes to retail properties in Medford, investors can expect an average cap rate of 6.74%, which is a key metric to consider when evaluating potential investments. For those new to commercial real estate investing, it's essential to understand what a cap rate is and how it's calculated, which is why we recommend checking out our in-depth article on the topic at what is a cap rate.
How do location and foot traffic affect retail property values?
When it comes to retail properties in Medford, Oregon, location and foot traffic play a significant role in determining property values. Properties situated in high-traffic areas, such as downtown Medford or near major highways like Interstate 5, tend to have higher values due to increased visibility and accessibility, whereas those in lower-traffic areas may have lower values.
