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    FOR SALE
    Commercial land

    30 Rossanley Dr, Medford, OR 97501

    1.64 ac lot
    Individually Owned 2-yr Hold Absentee Owner Free & Clear
    Property ID
    US71-1611020
    Property summary
    AI-generated overview

    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.

    Property profile
    Verified
    Property type Commercial land
    Use group VACANT COMMERCIAL LAND
    Lot 1.64 ac (71,438 SF)
    Zoning code GC
    APN 1-1005067
    UPID US71-1611020
    Cap rate & NOI
    Priority signal for investors
    Implied cap rate, NOI & suggested price
    Cap rate vs submarket · NOI estimate · 3 price anchors
    Implied cap rate, NOI & suggested price
    Cap vs submarket · NOI estimate · 3 price anchors
    Value estimations
    Realmo proprietary · 4 methods
    AI Approach AI
    by Request
    CAP Approach CAP
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    Comparable Approach Comparable
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    Blend (final) Blend
    by Request
    Owner & transaction history
    State Of Oregon · 2 yrs held
    State Of Oregon
    since 2023
    Last sale
    $26,800
    4 recorded transactions
    2023
    $26,800
    2023
    $623,646
    2019
    $623,646
    2018
    Zoning & alternative use
    GC · Medford, OR
    Permitted uses
    Permitted uses
    Allowed · conditional · prohibited
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