Property summary
This exceptional 3.25-acre industrial land parcel, located at 1585 N. Central Ave in Medford, Oregon (APN 1-0989861), presents a unique investment opportunity. Situated directly across from the Northgate Development, this property boasts high visibility and convenient access to Highway 238. The I-G zoning permits a variety of uses, including but not limited to banks, restaurants, and office spaces. The strategic corner location offers significant advantages, with a connecting frontage road linking the two property entrances. Furthermore, a traffic signal is being considered for the south entrance, enhancing accessibility and visibility. The seller is flexible and open to various transaction structures, including outright sale, land lease, or build-to-suit arrangements. However, the seller retains the right to approve the buyer and intended use of the property. Please note that a lot line adjustment will be completed by the seller prior to closing. This property is priced at $2,121,500 and offers substantial potential for development and return on investment. Don't miss this chance to acquire a prime industrial site in a rapidly growing area.
Property profile
VerifiedCap rate & NOI
Location
Value estimations
Owner & transaction history
Zoning & alternative use
The I-L district provides land for warehouse, office, and low intensity industrial uses in areas near residential and commercial zones. It is intended for industrial uses which involve the lowest level of noise, vibratio…
Comparables
6 recent transactions · within 1.5 miComparable in this City
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Value estimation
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from $99/month
Cap rate
Cap rate calculated from real income and expense signals, benchmarked against sales of similar assets nearby.
from $99/month
Price sensitivity
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Property tax & assessments
Tax year 2023Property description
Physical attributes from public recordsZoning & alternative use
I-L · Medford, ORThe I-L district provides land for warehouse, office, and low intensity industrial uses in areas near residential and commercial zones. It is intended for industrial uses which involve the lowest level of noise, vibratio…
Zoning
The recorded zoning designation, what the district officially allows, and the municipal source it comes from.
Zoning designation
Official district profile
The I-L district provides land for warehouse, office, and low intensity industrial uses in areas near residential and commercial zones. It is intended for industrial uses which involve the lowest level of noise, vibratio…
What can be built and operated here — officially.
The district profile from the municipal source: what is on file for I-L in Medford, OR.
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