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    2131 Owen Dr Medford, OR 97504

    Sponsored
    For Sale
    $2,711,000

    High-exposure lots, Highway 62 frontage. Excellent commercial opportunity.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    397
    This exceptional 2.23-acre commercial land parcel presents a prime investment opportunity in Medford, Oregon. Located at 2131 Owen Dr, 97504, this property boasts high visibility due to its strategic position at the signalized intersection of Crater Lake Highway (Highway 62) and Owen Drive. The land is part of the Tower Business Park Planned Unit Development (PUD), allowing for a variety of commercial uses as permitted under the IL/PD zoning designation. Access from Crater Lake Highway is already established, and a shared driveway services all five lots within the Tower Retail Center Subdivision. This property offers significant advantages for businesses seeking high-traffic exposure and convenient access. The seller is open to considering the sale of individual lots, land leases, or build-to-suit options for approved tenants. However, the owner retains the right to approve all proposed uses. The APN is 10996626. This is a rare opportunity to acquire a highly visible commercial site in a thriving Oregon market. Don't miss out on this exceptional investment prospect.

    Property Features for 2131 Owen Dr

    General Information

    Property type
    Land
    Lot Size
    97,139 SF

    HighLights

    • 2.23‑acre commercial land parcel in Medford, OR.
    • High‑visibility location at the signalized intersection of Highway 62 and Owen Drive.
    • Part of the Tower Business Park PUD, with IL/PD zoning allowing various commercial uses.
    • Established access from Highway 62 and shared driveway.
    • Seller open to individual lot sales, land leases, or build‑to‑suit options (subject to owner approval).
    • APN: 10996626.
    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 Clothing Store

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

    Location Insight

    • Map
    • Local Demand
    City
    Medford
    County
    Jackson
    State
    Oregon
    Longitude
    -122.85518229225
    Latitude
    42.367837746047

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    FAQs

    What type of property is this?
    Land - High-exposure lots, Highway 62 frontage. Excellent commercial opportunity.
    Where is this land located?
    The property is located at 2131 Owen Dr Medford, OR.
    What is the asking price?
    The asking price for this property is $2,711,000.
    What are key features of this property?
    This property features: 2.23-acre commercial land parcel in Medford, OR.; High-visibility location at the signalized intersection of Highway 62 and Owen Drive.; Part of the Tower Business Park PUD, with IL/PD zoning allowing various commercial uses.
    (541) 773-5391
    Request Owner's contact information
    2131 Owen Dr 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
    2131 Owen Dr Medford, OR 97504
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