Price cut $150KOpen Sat 1–3
$800,000
1/54 BD · 5 BA · 3,295 SF · 0.49 AC
218 Saginaw Drive
Medford, OR 97504
#220213076 01 / 05
For sale
$800,000
1258 S Riverside Avenue
Medford, OR 97501
- Baths
- 0
- Acres
- 0.12
- Built
- 1951
Est. $4,482/mo~220 min to downtown Bend (approx.)
Listing by Keller Williams Realty Southern Oregon · 541-608-0447
MLS# 220215868 · Active
01
About this home
Seller willing to carry with 30% down. Exceptional commercial opportunity in a high-visibility, high-traffic intersection of Medford! This large property was purchased to become an OLCC-licensed cannabis retail outlet but remains unfinished--ready for your build-out. Located at one of the city's busiest corners on South Riverside, the exposure here is tremendous. Whether you finish this as a dispensary or adapt it for another use, this space gives you flexibility and scale. Active retail license in place (not operating), interior shell condition. Perfect for owner-operators or investors looking for a standout property in a prime commercial corridor. Endless possibilities await.
02
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03
Price history
225 days, no changes| Date | Event | Price |
|---|---|---|
| Feb 23, 2026 | Listed for sale | $800,000 |
From the MLS: original list price and latest price change. 225 days on market.
04
Drive times
~220 min to downtown Bend- Mt. Bachelor~199 min · 168.2 mi
- Sunriver Village~200 min · 168.7 mi
- Old Mill District~219 min · 185.7 mi
- Downtown Bend~220 min · 186.6 mi
- St. Charles Bend~223 min · 189.3 mi
- Sisters~232 min · 197.3 mi
- Redmond Airport (RDM)~243 min · 207.1 mi
- Smith Rock State Park~253 min · 216 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
Built 1951- Year built
- 1951
- Stories
- 1
- Lot
- 0.12 AC · 5,227 SF
- HOA
- None reported
- Taxes
- $1,646/yr
- County
- Jackson
- Days on market
- 225
- MLS #
- 220215868
- Heating
- Other
- Parking
- Asphalt
- Roof
- Membrane
06
Location & schools
Medford42.3132° N · 122.8611° W
Directions07
Monthly payment
$4,482/mo$4,482/mo
$640,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $4,045
- Property tax (listing)
- $137
- Home insurance (est.)
- $300
20% · $160,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
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#220221408Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 1:01 PM.
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