Or-62 Medford, OR 97504
- Land
- 6.50 lot acres
Current Use by Public Records
- Land
Property Details for 0 Or-62
- Lot size
- 6.50 lot acres
- Property type
- Land
Description
This exceptional 6.5-acre commercial land parcel presents a remarkable investment opportunity in Medford, Oregon. Located at the high-traffic intersection of Highway 62 and Vilas Road, this shovel-ready site boasts unparalleled visibility and accessibility. The property is zoned C-H, allowing for a multitude of development possibilities. All essential utilities, including water, power, and gas, are readily available at the street, simplifying the development process. With impressive daily traffic counts of 29,200 vehicles on Highway 62 and 15,600 on Vilas Road, this location guarantees significant exposure for any commercial venture. The asking price is $3,949,803, translating to a land value of $13.95 per square foot. The property is offered for sale by owner and the lease has expired. This is a rare chance to acquire a strategically positioned commercial lot in a thriving Oregon market. Don't miss this opportunity to capitalize on the high traffic counts and prime location to build your next commercial project. The property is located in Jackson County, Oregon, with the address being 5011 Highway 62, Medford, OR 97504.
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
- -122.856
- Latitude
- 42.3897
