30 Rossanley Dr Medford, OR 97501

Property Details for 30 Rossanley Dr

Lot size

1.64 lot acres

Zone code

GC

Property type

Commercial land

APN

1-1005067

APU

11005067

Description

This 1.64-acre commercial land parcel at 30 Rossanley Drive, Medford, Oregon (APN 11005067), presents a unique investment opportunity. Situated on a high-visibility corner with approximately 1465 feet of frontage on Highway 62 and North Riverside, it boasts unimpeded sightlines to over 40,000 vehicles daily. Its strategic location at the "Big X" intersection, less than half a mile from I-5 Exit 30, ensures exceptional accessibility and exposure. Zoned C-S/P-RZ, the property is ideal for various retail or medical uses, with existing plans for a high-end medical clinic buildout available. The offering includes an assumable ground lease with 40.1 years remaining (expiring 12/31/2064), featuring rent bumps and lease options. The property benefits from its proximity to Northgate Village, a new 350+ unit luxury apartment complex, contributing to the area's rapid growth and development into a walkable neighborhood. The site offers 30 parking spaces. While the existing plans focus on medical, developers are not limited to this use, allowing for flexible development options. This prime location offers significant potential for investors seeking a high-return opportunity in a thriving Southern Oregon market. The property is available for assignment or sub-lease of the existing ground lease.