Government-Anchored Investment with Prime Development Opportunity – Medford, OR Offered at $1,500,000 | 0.54 Acres (23,522 SF) | C-S/P Zoning Stable Income + Untapped Potential in Downtown Medford This rare three-property package offers a government-anchored investment with immediate cash flow and significant upside through redevelopment or expansion. Centrally located near West 8th Street, the property includes: 15 Newtown St: A 2,401 SF office building fully leased to the U.S. Government (GSA) through 2033, providing $69,423/year in secure income. 23 Newtown St: A 4,024 SF commercial building with existing tenants (legal offices) and 3,424 SF of imminent vacancy (opportunity to release at market rates). 20 Newtown St: A 15,682 SF parking lot (0.36 acres) with C-S/P zoning, ideal for expansion, mixed-use development, or value-added use. Investment Highlights ? Credit Tenant: Long-term GSA lease (10+ years remaining) ensures stable, low-risk income. ? Value-Add Potential: Release vacant space at 2.25 – 2.25–2.50/SF to boost NOI. ? Development Optionality: 70,566 SF of total FAR (3.0) allows for vertical expansion or new construction. ? Prime Location: High-visibility downtown Medford site near I-5, hospitals, and retail hubs. Financial Snapshot Current NOI: $74,887 (with all spaces occupied) Price per Acre: $2.78M (includes existing improvements) Price per Buildable SF: $21.26 (based on 70,566 FAR potential) Ideal For Investors seeking core-plus/value-add assets with upside. Developers eyeing infill opportunities in a growing market. Owner-users wanting a foothold in downtown Medford with rental income. Act Now: Rare chance to own a turnkey income property with built-in appreciation potential. Contact us today for offering memorandums, lease details, or development feasibility studies. Why This Stands Out Flexible Zoning: Permits office, retail, or mixed-use projects. Low Management Burden: GSA handles most expenses (NNN-like structure). Medford Growth: Population +1.2%/year supports demand. Note: Air rights available for vertical expansion or sale to adjacent developers. Schedule a site tour or request the full pro forma to explore this unique opportunity.