Property profile

30 Rossanley Dr Medford, OR 97501

FOR SALE
Commercial land
Property ID
US71-1611020
1.64 ac lot
Individually Owned 2-yr Hold Absentee Owner Free & Clear
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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

Location

30 Rossanley Dr Medford, OR 97501
Medford metro Census 300 MEDFORD, OR METROPOLITAN STATISTICAL AREA
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Value estimations

Realmo proprietary · 4 methods
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Owner & transaction history

since 2023
Last sale
$26,800
4 recorded transactions
2023
$26,800
2023
$623,646
2019
$623,646
2018
Price N/A

Zoning & alternative use

GC · Medford, OR

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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