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    2577 Bullock Rd Medford, OR 97504

    Sponsored
    For Sale
    $2,995,000

    Prime Airport Hotel Development Site

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    393
    This exceptional 2.45-acre commercial land parcel presents a unique investment opportunity in Medford, Oregon. Located at 2577 Bullock Rd, Jackson County (APN: 371W18-BC-00501), this vacant land boasts an unparalleled location adjacent to the Oregon International Airport. The property's proximity to the airport, which services 55 daily flights, offers significant potential for development. Currently, all existing hotels are situated 3-5 miles from the airport, creating a clear demand for a conveniently located hotel. This strategic positioning ensures high occupancy rates and strong revenue potential for a new hotel development. The asking price for this prime development site is $2,995,000. The property's size and location make it ideal for a variety of commercial ventures, but the proximity to the airport makes a hotel development particularly attractive. This is a rare opportunity to acquire a significant land parcel in a high-demand area with exceptional growth potential. The property's zoning and development possibilities should be independently verified.

    Property Features for 2577 Bullock Rd

    General Information

    Property type
    Land
    Lot Size
    106,722 SF

    HighLights

    • $2,995,000 asking price.
    • 2.45‑acre commercial land parcel.
    • Located at 2577 Bullock Rd, Medford, OR 97504 (APN: 371W18‑BC‑00501).
    • Prime location adjacent to Oregon International Airport, ideal for hotel development.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Suggested Use

    Restaurant Realty agency Law Firm Building Supply Spa & Massage Dental Office Wholesale Shop Auto Repair Shop Hair Salon Nail Salon

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.87059605993
    Latitude
    42.355062111953

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    FAQs

    What type of property is this?
    Land - Prime Airport Hotel Development Site
    Where is this land located?
    The property is located at 2577 Bullock Rd Medford, OR.
    What is the asking price?
    The asking price for this property is $2,995,000.
    What are key features of this property?
    This property features: $2,995,000 asking price.; 2.45-acre commercial land parcel.; Located at 2577 Bullock Rd, Medford, OR 97504 (APN: 371W18-BC-00501).
    Request Owner's contact information
    2577 Bullock Rd 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
    2577 Bullock Rd Medford, OR 97504
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