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    1020 Ellendale Dr Medford, OR 97504

    Sponsored
    For Sale
    $1,958,240

    2.43-acre development land, prime location.

    Description

    Added:
    Dec 11, 2024
    Days on Market:
    395
    This exceptional 2.43-acre commercial land parcel presents a unique investment opportunity in Medford, Oregon. Located at 1020 Ellendale Drive, this property boasts a highly desirable location near the South Medford Interchange, Barnett Road, and Rogue Valley Manor. The current zoning is SFR-10; however, its inclusion within the Rogue Valley Manor Planned Unit Development (PUD) opens possibilities for a wider range of commercial uses, including office, medical, and other commercial ventures. Prospective buyers are encouraged to conduct thorough due diligence to confirm permitted uses and verify zoning compliance. The property's APN is 10016489. Utilities are available, but buyers should independently verify their location and availability. This prime location offers excellent visibility and accessibility, making it an ideal site for various commercial developments. The asking price for this exceptional property is $1,958,240. This represents a significant opportunity for investors seeking a strategic land acquisition in a rapidly growing area. The property's size and zoning flexibility provide considerable development potential. All interested parties are responsible for conducting their own due diligence regarding zoning, permitted uses, and utility access.

    Property Features for 1020 Ellendale Dr

    General Information

    Property type
    Land
    Lot Size
    105,851 SF

    HighLights

    • $1,958,240 asking price.
    • 2.43‑acre commercial land parcel.
    • Located at 1020 Ellendale Dr, Medford, OR 97504 (APN 10016489).
    • SFR‑10 zoning, but part of Rogue Valley Manor PUD allowing for commercial, office, and medical uses (buyer to verify).
    • Convenient location near S. Medford Interchange, Barnett Road, and Rogue Valley Manor.
    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 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
    -122.8464909
    Latitude
    42.314341

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    FAQs

    What type of property is this?
    Land - 2.43-acre development land, prime location.
    Where is this land located?
    The property is located at 1020 Ellendale Dr Medford, OR.
    What is the asking price?
    The asking price for this property is $1,958,240.
    What are key features of this property?
    This property features: $1,958,240 asking price.; 2.43-acre commercial land parcel.; Located at 1020 Ellendale Dr, Medford, OR 97504 (APN 10016489).
    (541) 773-5391
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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
    1020 Ellendale Dr Medford, OR 97504
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