0 Pine StMedford, OR 97502

This exceptional 7.47-acre development site, located at the intersection of Hamrick Road and E Pine Street in Medford, Oregon (zip code 97502), presents a remarkable opportunity for high-density multifamily development. Zoned for High Density Transit Oriented Development Mixed Use (ETOD HMR), this property allows for a diverse range of residential projects, including row houses, townhouses, apartments, and senior living facilities. The zoning permits a minimum of 25 units per acre, with no maximum unit density specified. Buildings can reach a maximum height of 60 feet. The site boasts convenient access to Interstate 5, placing it within easy reach of Medford Airport and a variety of retail, commercial services, and restaurants. Situated in a rapidly expanding area of Central Point, Oregon, this location offers a tranquil setting with lush green tree-lined streets and stunning mountain views, while still providing convenient access to urban amenities. The asking price for this prime development opportunity is $3,500,000. This property is ideal for investors seeking to capitalize on the growing demand for multifamily housing in a desirable and accessible location. The property's location offers residents proximity to parks and trails, excellent schools, and thriving local businesses. Don't miss this chance to acquire a significant parcel of land with exceptional development potential in a thriving Oregon community.