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    Cherry Ln Medford, OR 97504

    Sponsored
    For Sale
    $11,000,000

    Prime Medford location, luxury development potential

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    Exceptional 167-acre development opportunity in Medford, Oregon, representing 1% of the city's total land area. This single tax lot (APN 1-093588-1), situated in the desirable East Medford hills, offers breathtaking views. A grandfathered Planned Unit Development (PUD) allows for the construction of over 800 residential units, encompassing detached single-family residences (SFRs), condominiums, townhomes, senior living facilities, and multifamily dwellings. The property's zoning is SFR-4. Its convenient location provides residents with easy access to essential amenities, including grocery stores, restaurants, Asante Hospital, recreational facilities, Rogue Valley International Airport, and Interstate 5 (all within a 10-15 minute radius). Adjacent to Prescott Park, residents will enjoy access to over 17 miles of public trails. Utilities are readily available, with existing infrastructure believed to support initial development phases. This presents a unique chance to create a landmark project in a thriving market with strong demographics. The asking price is $11,000,000. All due diligence is the responsibility of the buyer.

    Property Features for 0 Cherry Ln

    General Information

    Property type
    Land
    Lot Size
    7,274,520 SF

    HighLights

    • 167‑acre development opportunity in Medford, OR, representing 1% of the city's land area.
    • Grandfathered PUD allows for over 800 residential units (SFRs, condos, townhomes, senior living, multifamily).
    • Zoned SFR‑4, located in desirable East Medford hills with breathtaking views.
    • Convenient access to amenities (grocery, restaurants, Asante Hospital, airport, I‑5) within 10‑15 minutes.
    • Adjacent to Prescott Park with 17+ miles of trails; utilities readily available.
    • Asking price: $11,000,000; buyer responsible for all due diligence.
    Property Profile Location Intelligence

    Current Use by Public Records

    Commercial real estate

    Map

    City
    Medford
    County
    USA
    State
    Oregon
    Longitude
    -122.78414527
    Latitude
    42.33763768

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    FAQs

    What type of property is this?
    Land - Prime Medford location, luxury development potential
    Where is this land located?
    The property is located at Cherry Ln Medford, OR.
    What is the asking price?
    The asking price for this property is $11,000,000.
    What are key features of this property?
    This property features: 167-acre development opportunity in Medford, OR, representing 1% of the city's land area.; Grandfathered PUD allows for over 800 residential units (SFRs, condos, townhomes, senior living, multifamily).; Zoned SFR-4, located in desirable East Medford hills with breathtaking views.
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    Cherry Ln 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
    Cherry Ln Medford, OR 97504
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