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    3720 Crater Lake Ave Medford, OR 97504

    Sponsored
    For Sale
    $268,000

    Prime 2.36-acre commercial lot in Medford, OR.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.36-acre commercial lot, located at 3720 Crater Lake Ave in Medford, Oregon (zip code 97504), presents a unique investment opportunity. Zoned for high-density development, this property offers significant flexibility for a variety of commercial uses. The permitted zoning, designated as "hc," allows for the construction of high-density multifamily units, with a minimum of 30 units per multifamily residential building, or alternative commercial ventures such as self-storage facilities or a hotel. Situated in an established neighborhood of high-density homes, this terraced lot boasts stunning views. The property benefits from readily available city utilities, including sewer, water, and power, ensuring seamless development. Convenient access is provided via multiple streets, enhancing its accessibility and appeal. Its ideal location off Crater Lake Avenue further contributes to its desirability. The asking price for this remarkable property is $268,000. This is a rare opportunity to acquire a strategically located, versatile commercial lot with significant development potential in a thriving Oregon community.

    Property Features for 3720 Crater Lake Ave

    General Information

    Property type
    Land
    Lot Size
    102,802 SF

    HighLights

    • $268,000 asking price.
    • 2.36‑acre commercial land parcel.
    • HC zoning allows high‑density multifamily (minimum 30 units) or other commercial uses like self‑storage or hotels.
    • City utilities (sewer, water, power) available.
    • Established neighborhood with existing high‑density homes; terraced lot with views; deeded access from multiple streets; ideal Crater Lake Ave location.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Realty agency Law Firm Restaurant Spa & Massage Dental Office Hair Salon Nail Salon Clothing Store Building Supply Accounting Firm

    Zoning and permitted uses should be independently verified with local authorities.

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.8538351
    Latitude
    42.3708371

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    FAQs

    What type of property is this?
    Land - Prime 2.36-acre commercial lot in Medford, OR.
    Where is this land located?
    The property is located at 3720 Crater Lake Ave Medford, OR.
    What is the asking price?
    The asking price for this property is $268,000.
    What are key features of this property?
    This property features: $268,000 asking price.; 2.36-acre commercial land parcel.; HC zoning allows high-density multifamily (minimum 30 units) or other commercial uses like self-storage or hotels.
    (541) 890-6708
    Request Owner's contact information
    3720 Crater Lake Ave Medford, OR 97504
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    Medford, OR 97504
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    Realmo Value Estimation

    Realmo estimates a property’s market value using a proprietary methodology that incorporates public data and user-submitted information. This cumulative value is generated by integrating a variety of conventional and innovative methods. 

    Disclaimer

    These figures are not official appraisals and should not be used as a substitute for a valuation performed by a licensed appraiser.

    Actual market value may differ due to factors not captured in the data. Estimates are offered for informational purposes only, and users should conduct independent research before making financial or investment decisions.

    By using this feature, you acknowledge that Realmo is not responsible for actions taken based on these estimates.

    AI approach

    Realmo AI Method estimates property value using machine learning models trained on millions of comparable listings, transactions, and market signals. It analyzes property features, location intelligence data, and current market dynamics to predict the most probable market value in real time.

    Cap approach

    Capitalization Method calculates value based on estimated net operating income (NOI) and applying a market-based capitalization rate (cap rate), we estimate what a typical investor might be willing to pay for it.

    Comparable approach

    Comparable estimate is based on recent sales of similar nearby properties, adjusted for factors like size, condition, and location.

    Relative

    Relative property class coefficient uses factors that account for typical price differences between various asset types (e.g., retail vs. industrial) to provide a more accurate market-aligned estimate.

    Geo

    Comparable Sales Method, enhanced by Geo coefficients — location-based adjustment factors that reflect differences in price levels across neighborhoods, cities, or regions ensuring a more accurate, market-sensitive valuation.

    Alternative use

    Estimate considers the property’s potential value if used for a different purpose-based on zoning, demand, and market feasibility.

    More about this property
    3720 Crater Lake Ave Medford, OR 97504
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