Phoenix Rd & Grv Rd Phoenix, OR 97535
- Land
- 34.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 Phoenix Rd & Grv Rd
- Lot size
- 34.50 lot acres
- Property type
- Land
Description
This exceptional 34.5-acre parcel presents a rare chance to capitalize on the last substantial I-5 interchange development opportunity in the region. Strategically located in Phoenix, Oregon, at the intersection of N Phoenix Rd and Grove Rd (APN: 381W10501, 381W10507, 381W10502, 381W10503, 381W10500), this property boasts a prime location adjacent to a Home Depot and benefits from the high traffic volume of Interstate 5, a major transportation artery connecting Oregon and California. The site is zoned for Commercial Highway (C-H), Low Density Residential (R-1), and Rural Residential 5 (RR-5), offering flexibility for a variety of development projects. Approved for 736 peak hour trips, eliminating the need for further traffic studies, this property is ready for immediate development. The property's proximity to California is a significant advantage, attracting shoppers from across the state border due to Oregon's lack of sales tax. Located in the Rogue Valley, a region known for its robust viticulture industry and thriving commercial sector, this land offers unparalleled potential for significant return on investment. The seller will consider offers for the entire parcel or portions thereof, making this an attractive opportunity for both large-scale and smaller-scale developers. This is a unique chance to secure a highly desirable location in a rapidly growing area. The asking price is $16,415,000.
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
- Phoenix
- County
- Jackson
- State
- Oregon
- Longitude
- -122.81
- Latitude
- 42.2819
