316+S+Front+St,+Medford,+OR+97501

Merit Commercial Real Estate is pleased to exclusively present 316 S Front Street, an infill adaptive-reuse development opportunity located in central Medford, Oregon (the "Property"). The building itself features ±3,484 SF across three floors and is currently in a shell condition following significant cleanout and seismic retrofitting.

Ownership originally planned for an interior-stair walk-up multifamily project with concepts ranging from 8 to 16 units on either 2 or 3 floors. While that concept may be a viable option, developers are by no means limited to it, and should see the asset as a highly flexible asset with great history and character.

The central location of the Property is noteworthy with close proximity to the downtown core of Medford. The surrounding area features a broad range of various buildings that include owner-occupied residences, new multifamily projects, retail and restaurants, as well as some industrial operations.

Amenities are conveniently accessible from the Property, with a major local bus and Greyhound depot across the street, and Rogue Community College, the Craterian Theater, Jackson County Circuit Courts, the Medford Police Department and much more nearby. Access to the Property is convenient via South Front Street.

Additionally, utilities are all public and are at-street, with existing water, sewer, and power services within the subject building.Prospective buyers should also note that the Property is located within a federal Opportunity Zone, offering potentially significant tax advantages. The Property is within C-H (Heavy Commercial) zoning which allows for heavier commercial and service commercial uses and typically may produce a greater degree of noise, vibration, air pollution, and glare than residential or other commercial zones.

Multifamily development is a by-right allowed use in commercial zoning within the city of Medford, allowing for development optionality. Buyer is to confirm permitted uses and assess the feasibility and potential of any development on the Property.

There is also an active railroad located on the western side of the Property currently serviced by CORP (Central Oregon and Pacific Railroad). The opportunity at 316 S Front Street is clear for prospective buyers. Buyer is responsible for any and all due diligence.

Contact the listing brokers today for additional information and to arrange a private tour.