1840 Stage Rd Medford, OR 97501
- Commercial real estate
- 24.51 lot acres
Current Use by Public Records
- Commercial real estate
Property Details for 1840 Stage Rd
- Lot size
- 24.51 lot acres
- Property type
- Commercial real estate
Description
This exceptional 24.51-acre parcel in Medford, Oregon, presents a unique opportunity for mixed-use development. Currently zoned EFU, with a planned PUD designation allowing for both commercial and residential construction, this property offers significant flexibility. The residential component, encompassing approximately 19.20 acres (including 5.10 acres of required open space), is projected to allow for up to 10 dwelling units per acre, potentially accommodating single-family homes, townhomes, or higher-density multifamily units. The commercial portion offers the potential for typical commercial development or a multifamily component with a density of 20-30 units per acre. "Apartments over retail" or garden-style multifamily developments are viable options, mirroring successful projects in nearby areas. The property's location within the Urban Growth Boundary (added in 2020) ensures strong future demand and limited competition. The buyer is responsible for conducting all due diligence regarding development requirements and costs, including permits, access improvements, off-site infrastructure, utility availability, and extensions. Note that any density or configuration is subject to final approval. This offering presents compelling value with its flexible zoning, favorable demographics, minimal anticipated utility and off-site costs, and attractive price per acre. The property is located at 1840 S Stage Rd, Medford, OR 97501, in Jackson County. The asking price is $2,795,000.
Value Estimation
-
CAP approach
-
Comparable approach
-
Alternative Use
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.8957534
- Latitude
- 42.2956139
