Cherry Ln Medford, OR 97504
- Land
Current Use by Public Records
- Land
Property Details for 0 Cherry Ln
- Property type
- Land
Description
This exceptional 28.8-acre property in East Medford, Oregon, presents a unique investment opportunity. Located on Cherry Ln, with APN 10425715, and overlooking the Rogue Valley, the site boasts nearly 360-degree views from its peak elevation. Currently zoned EFU within the Urban Growth Boundary (UGB), this land offers flexibility for various uses, from a single family estate to a larger residential development. The property's south-facing orientation ensures sweeping views of Mt. Ashland, the Cascade and Siskiyou Mountains, and the Rogue Valley. Its prime location provides convenient access to Prescott Park, offering over 17 miles of trails, and is within 10 minutes of grocery stores, dining, medical facilities, and more. Rogue Valley International Airport and I-5 are less than 15 minutes away. While utilities are planned for future extension and are currently within 1,500 feet, buyers should conduct due diligence regarding development requirements, including permits, access improvements, utility extension, and associated costs. The asking price is $700,000. The strong demand for high-quality homes in East Medford, coupled with the property's stunning views and convenient location, makes this a compelling investment. Any density or configuration is subject to final approval. This is a rare opportunity to acquire a significant parcel of land in a highly desirable area with immense potential.
Value Estimation
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CAP approach
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Comparable approach
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Alternative Use
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.8
- Latitude
- 42.3268
