Property profile

1585 N Central Ave Medford, OR 97501

FOR SALE
Industrial land
Property ID
US71-1108104
3.25 ac lot
Entity Owned 5-yr Hold Free & Clear
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Property summary

AI-generated overview

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

Verified
Property type Industrial land
Use group INDUSTRIAL - VACANT LAND
Lot 3.25 ac (141,570 SF)
Zoning code I-L
APN 1-0989861
UPID US71-1108104

Cap rate & NOI

Priority signal for investors
Implied cap rate, NOI & suggested price
Cap rate vs submarket · NOI estimate · 3 price anchors

Location

1585 N Central Ave Medford, OR 97501
Medford metro Census 300 MEDFORD, OR METROPOLITAN STATISTICAL AREA
Google Maps

Value estimations

Realmo proprietary · 4 methods
AI Approach AI
$290k
CAP Approach CAP
by Request
Comparable Approach Comparable
by Request
Blend (final) Blend
$290k

Owner & transaction history

since 2020
5 recorded transactions
2020
$260,372
2016
Price N/A
1969
Price N/A
1969
Price N/A
1969
Price N/A

Zoning & alternative use

I-L · Medford, OR
Zoning description

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…

General category INDUSTRIAL

Comparables

6 recent transactions · within 1.5 mi
Comparable in this city
6 recent transactions
Recent comparable sales
Sale price & price/SF · Sale date & distance · Adjustments & confidence
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