3720 Crater Lake Ave Medford, OR 97504
- Land
- 2.36 lot acres
Current Use by Public Records
- Land
Property Details for 3720 Crater Lake Ave
- Lot size
- 2.36 lot acres
- Property type
- Land
Description
This exceptional 2.36-acre commercial lot, located at 3720 Crater Lake Ave in Medford, Oregon (zip code 97504), presents a unique investment opportunity. Zoned for high-density development, this property offers significant flexibility for a variety of commercial uses. The permitted zoning, designated as "hc," allows for the construction of high-density multifamily units, with a minimum of 30 units per multifamily residential building, or alternative commercial ventures such as self-storage facilities or a hotel. Situated in an established neighborhood of high-density homes, this terraced lot boasts stunning views. The property benefits from readily available city utilities, including sewer, water, and power, ensuring seamless development. Convenient access is provided via multiple streets, enhancing its accessibility and appeal. Its ideal location off Crater Lake Avenue further contributes to its desirability. The asking price for this remarkable property is $268,000. This is a rare opportunity to acquire a strategically located, versatile commercial lot with significant development potential in a thriving Oregon community.
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
- -122.854
- Latitude
- 42.3708
