0 Mcloughlin Dr Central Point, OR 97504

This exceptional 9.84-acre parcel presents a rare opportunity for multifamily development in East Medford, Oregon. Located on McLoughlin Drive, with a Medford, Oregon address and zip code 97504, this property boasts an MFR-20 zoning designation, allowing for a high-density residential project. Preliminary estimates suggest a potential development of approximately 206 units, subject to final city approvals. The property's APN is 10423449. A lot line adjustment is currently underway with the City of Medford, streamlining the development process. Situated in a designated opportunity zone, this land offers significant investment advantages. The asking price for this prime development site is $3,750,000. Jackson County location provides access to a growing population and robust local economy. This is a unique chance to acquire a substantial tract of land ideally suited for a large-scale multifamily development in a desirable Oregon location. The property is classified as residential land. Further details regarding the lot line adjustment and development potential are available upon request.