Cherry Ln Medford, OR 97504
- Land
- 167.00 lot acres
Current Use by Public Records
- Land
Property Details for 0 Cherry Ln
- Lot size
- 167.00 lot acres
- Property type
- Land
Description
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.
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
- USA
- State
- Oregon
- Longitude
- -122.784
- Latitude
- 42.3376
