15310 Highway 238 - Commercial LAND FOR SALE


Grants Pass, OR 97527 1,616,512 SF
$2,200,000 USD
541-821-2955
15310 Highway 238, Grants Pass, OR for Sale
$2,200,000 USD
Commercial LAND - FOR SALE
1/10
1,616,512 SF

15310 Highway 238
Grants Pass, OR 97527


HIGHLIGHTS

  • Currently Leased Until 2029
  • Lease Has Built-In Escalation
  • 37.11 Acres Zoned EFU

OVERVIEW

Unique investment opportunity with a great ROI! This rural farm property has a true NNN lease to one of Oregon's largest and successful Cannabis farms. The current monthly lease rate is $18692.73 per month and the tenant covers all expenses. The lease has a built in Escalation of 4.5% annually and the current lease runs into 2029. The initial ROI for 2024 at the list price is 10.2% and increases as follows - 2025 10.65%, 2026 11.13%, 2027 11.64% and 2028 12.16%. The investment is anchored by a 3000 square foot residence on 37 acres of prime irrigated farmland in the heart of Southern Oregon's Premiere Wine Region. This sale does not include the cannabis business or assets on the property, it is a sale of the Real Estate and lease income only. Call listing agent for details.

FOR SALE DETAILS

PRICE

$2,200,000 USD

PRICE/ACRE

$59,283/AC

PRICE/SF

$1 USD /SF

# OF LOTS

-

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

-

LAND ACRES

37.11 AC

LAND SF

1,616,512 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity

ZONING

EFU

APN/PARCEL ID

10634642

ASK ABOUT THIS PROPERTY

Steve ParmeleeWindermere Van Vleet & Assoc.More Info
541-821-2955

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Steve ParmeleeWindermere Van Vleet & Assoc.More Info
541-821-2955

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.