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    Phoenix Rd Medford, OR 97535

    Sponsored
    For Sale
    $1,532,640

    2.93 Acres, I-5 Commercial Land

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    391
    This exceptional 2.93-acre commercial land parcel presents a rare development opportunity in Phoenix, Oregon, directly off Interstate 5 at Exit 24, just south of Medford. Zoned CH - Commercial Highway, this property allows for a wide range of uses including retail, restaurants, offices, lodging (including RV parks), entertainment venues, and wholesale businesses. The land boasts excellent visibility and accessibility due to its prime location adjacent to a new diamond interchange at North Phoenix Road and I-5. This is a significant advantage for attracting customers and maximizing business potential. The site is situated near the Medford Urban Growth Boundary (UGB) extension, suggesting future growth and increased property value. The asking price is $1,532,640, translating to $12 per square foot. While neighboring parcels have already been sold and are under development (including a new Garrison's Home Furnishings retailer), this remaining parcel offers a unique chance to capitalize on the area's burgeoning commercial sector. The Assessor's Parcel Number (APN) is 381W10202. This is an unparalleled opportunity to establish a thriving business in a high-traffic, high-visibility location. Don't miss this chance to secure a piece of Southern Oregon's thriving commercial landscape.

    Property Features for 0 Phoenix Rd

    General Information

    Property type
    Land
    Lot Size
    127,631 SF

    HighLights

    • 2.93‑acre commercial land parcel in Phoenix, OR, directly off I‑5 at Exit 24, near Medford.
    • Rare development opportunity with excellent visibility and accessibility.
    • Zoned CH (Commercial Highway), allowing for retail, restaurants, offices, lodging (including RV parks), entertainment, and wholesale uses.
    • Located adjacent to a new diamond interchange at North Phoenix Road and I‑5, near the Medford Urban Growth Boundary (UGB) extension.
    • Neighboring parcels are under development, including a new Garrison's Home Furnishings store.
    • APN: 381W10202. Asking price: $1,532,640 ($12/SF).
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.8160497
    Latitude
    42.28417453

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    FAQs

    What type of property is this?
    Land - 2.93 Acres, I-5 Commercial Land
    Where is this land located?
    The property is located at Phoenix Rd Medford, OR.
    What is the asking price?
    The asking price for this property is $1,532,640.
    What are key features of this property?
    This property features: 2.93-acre commercial land parcel in Phoenix, OR, directly off I-5 at Exit 24, near Medford.; Rare development opportunity with excellent visibility and accessibility.; Zoned CH (Commercial Highway), allowing for retail, restaurants, offices, lodging (including RV parks), entertainment, and wholesale uses.
    (503) 222-2655
    Request Owner's contact information
    Phoenix Rd Medford, OR 97535
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    Phoenix Rd
    Medford, OR 97535
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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
    Phoenix Rd Medford, OR 97535
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