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6435 Crater Lake HWY Central Point, OR 97502
21,000 SqFt
UPDATED:
Key Details
Property Type Commercial
Listing Status Active
Purchase Type For Sale
Square Footage 21,000 sqft
Price per Sqft $107
MLS Listing ID 220230928
Annual Tax Amount $10,305
Lot Size 1.090 Acres
Acres 1.09
Lot Dimensions 1.09
Property Description
Net Leased Investment Property - 8% Cap - New 5 year Lease - 3% Annual Increases - Single Tenant - Tenant has occupied the property for over 20 years - Real Property Appraised for $3,065,000 in March 5, 2025.
Garrison's Home's has a fresh lease on the Property which they first occupied over 22 years ago. This was Garrison's first location, and they have grown into a strong regional brand with multiple locations and a strong reputation for integrity and quality. Garrison's is currently completing a tenant improvement project and their Rent and new 5 year term starts February 1, 2027.
The Property is 1.09 acres of Crater Lake Hwy. frontage and includes a climate controlled + 21k square foot steel-frame retail show room on a concrete slab with office space, 37 designated parking spaces, and excellent ingress/ egress.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein.
Garrison's Home's has a fresh lease on the Property which they first occupied over 22 years ago. This was Garrison's first location, and they have grown into a strong regional brand with multiple locations and a strong reputation for integrity and quality. Garrison's is currently completing a tenant improvement project and their Rent and new 5 year term starts February 1, 2027.
The Property is 1.09 acres of Crater Lake Hwy. frontage and includes a climate controlled + 21k square foot steel-frame retail show room on a concrete slab with office space, 37 designated parking spaces, and excellent ingress/ egress.
No warranty or representation, express or implied, is made as to the accuracy of the information contained herein.
Location
State OR
County Jackson
Direction Please see the attached map.
Rooms
Basement None
Interior
Heating Ductless, Other
Cooling Ductless, Other
Exterior
Parking Features Asphalt
Roof Type Metal
Building
Foundation Slab
Water Shared Well
Level or Stories One
Structure Type Steel Frame
New Construction No
Others
Senior Community No
Tax ID 11005503
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
Listed by Merit Commercial RE, LLC
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