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    1585 Central Ave Medford, OR 97501

    Sponsored
    For Sale
    $2,121,500

    3.25-acre lot, I-G zoning, Hwy 238 access

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    394
    This exceptional 3.25-acre industrial land parcel, located at 1585 N. Central Ave in Medford, Oregon (APN 1-0989861), presents a unique investment opportunity. Situated directly across from the Northgate Development, this property boasts high visibility and convenient access to Highway 238. The I-G zoning permits a variety of uses, including but not limited to banks, restaurants, and office spaces. The strategic corner location offers significant advantages, with a connecting frontage road linking the two property entrances. Furthermore, a traffic signal is being considered for the south entrance, enhancing accessibility and visibility. The seller is flexible and open to various transaction structures, including outright sale, land lease, or build-to-suit arrangements. However, the seller retains the right to approve the buyer and intended use of the property. Please note that a lot line adjustment will be completed by the seller prior to closing. This property is priced at $2,121,500 and offers substantial potential for development and return on investment. Don't miss this chance to acquire a prime industrial site in a rapidly growing area.

    Property Features for 1585 Central Ave

    General Information

    Property type
    Land
    Lot Size
    141,570 SF

    HighLights

    • 3.25‑acre industrial land parcel at 1585 N. Central Ave, Medford, OR (APN 1‑0989861).
    • High‑visibility corner lot across from Northgate Development, with easy Highway 238 access.
    • I‑G zoning allows diverse uses including banks, restaurants, and offices.
    • Two property entrances with a connecting frontage road; traffic signal under consideration for south entrance.
    • Seller offers flexible transaction structures (outright sale, land lease, build‑to‑suit), subject to buyer and use approval.
    • Lot line adjustment to be completed before closing; priced at $2,121,500.
    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 Hair Salon Auto Repair Shop 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
    -122.887419
    Latitude
    42.342265

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    FAQs

    What type of property is this?
    Land - 3.25-acre lot, I-G zoning, Hwy 238 access
    Where is this land located?
    The property is located at 1585 Central Ave Medford, OR.
    What is the asking price?
    The asking price for this property is $2,121,500.
    What are key features of this property?
    This property features: 3.25-acre industrial land parcel at 1585 N. Central Ave, Medford, OR (APN 1-0989861).; High-visibility corner lot across from Northgate Development, with easy Highway 238 access.; I-G zoning allows diverse uses including banks, restaurants, and offices.
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    1585 Central Ave Medford, OR 97501
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    Medford, OR 97501
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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
    1585 Central Ave Medford, OR 97501
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