2554 Stewart Ave, Medford, OR 97501

This exceptional 850,000 USD development opportunity in Medford, Oregon, presents a unique chance to build a substantial residential project. Located at 2554 W Stewart Ave, 97501, this land parcel is ideally situated adjacent to an existing residential area, offering immediate access to established infrastructure and amenities. The property's zoning allows for a high-density development, with the City of Medford indicating a potential for up to 93 housing units. A phased approach is feasible, with an initial phase focusing on approximately 10 single-family residential lots in the rear portion of the property. The existing house, which could generate rental income during the development process, offers additional potential for future development of an estimated 7 more lots in a second phase. The property boasts existing infrastructure including Medford Irrigation District water, a private well, and RVSS sewer service. Landscaping features include 13 fruit and nut trees, a chicken coop, greenhouse, shed, and a fenced garden area. A mature walnut tree is the centerpiece of a circular asphalt driveway, providing a charming country feel despite the property's convenient in-town location. The seller is open to financing options. This is a rare chance to acquire a highly desirable development site with significant upside potential.