Hillcrest Rd Medford, OR 97504
- Land
- 37.34 lot acres
Current Use by Public Records
- Land
Property Details for 0 Hillcrest Rd
- Lot size
- 37.34 lot acres
- Property type
- Land
Description
This exceptional 37.34-acre commercial land parcel, located in Medford, Oregon (Jackson County, zip code 97504, Hillcrest Rd), presents a unique investment opportunity. Zoned SFR-4 (low-density single-family residential), this property is priced at $1,700,000, or $48,206 per acre. The land boasts breathtaking valley and city views, situated on a southwest-facing slope. Its prime location within a desirable Medford neighborhood offers significant development potential. Utilities, including water and sewer lines, are readily accessible, with multiple access roads (Cherry Ln, Cloudcrest Dr, and Stardust Way) stubbed directly to the property line. Preliminary engineering and phased conceptual plans are available, potentially accelerating the development timeline. The property is ideally suited for a high-end residential development, offering a proven model for a multi-year supply of single-family homes. While the conceptual plan provides a strong foundation, buyers are responsible for conducting all due diligence regarding development requirements and associated costs, including permits, access improvements, off-site infrastructure, utility availability and extensions. Note that any final density or configuration is subject to approval. This represents one of the last available buildable luxury single-family development sites in East Medford.
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
- -122.769
- Latitude
- 42.3311
