0 Phoenix Rd Medford, OR 97535

This exceptional 2.93-acre commercial land parcel presents a rare development opportunity in Phoenix, Oregon, directly off Interstate 5 at Exit 24, just south of Medford. Zoned CH - Commercial Highway, this property allows for a wide range of uses including retail, restaurants, offices, lodging (including RV parks), entertainment venues, and wholesale businesses. The land boasts excellent visibility and accessibility due to its prime location adjacent to a new diamond interchange at North Phoenix Road and I-5. This is a significant advantage for attracting customers and maximizing business potential. The site is situated near the Medford Urban Growth Boundary (UGB) extension, suggesting future growth and increased property value. The asking price is $1,532,640, translating to $12 per square foot. While neighboring parcels have already been sold and are under development (including a new Garrison's Home Furnishings retailer), this remaining parcel offers a unique chance to capitalize on the area's burgeoning commercial sector. The Assessor's Parcel Number (APN) is 381W10202. This is an unparalleled opportunity to establish a thriving business in a high-traffic, high-visibility location. Don't miss this chance to secure a piece of Southern Oregon's thriving commercial landscape.