602 Riverside Ave Medford, OR 97501-4640
- Mobile home & RV parks
- 29 SF
- 2.86 lot acres
Feb 11, 2025
Current Use by Public Records
- C T Auto Repair & Express Lube / Auto Repair Shop / Oil Change Service
- Steeves Custom Maintenance Services / Construction Company
Property Details for 602 Riverside Ave
- Lot size
- 2.86 lot acres
- Property size
- 29 SF
- Zone code
- C-C
- Property type
- Mobile home & RV parks
- APN
- 1-0725601
- APU
- 10725601
Description
This exceptional 3.15-acre commercial property, located at 602 N Riverside Ave in Medford, Oregon (zip code 97501), presents a unique investment opportunity. Currently operating as a fully occupied 31-unit mobile home park, this land is zoned C-C, offering significant potential for redevelopment. The property boasts a prime location just off Jackson Avenue, a major thoroughfare, and benefits from Interstate 5 frontage. The Bear Creek Greenway provides a scenic buffer, enhancing the desirability of the site for future residents. This offering represents a substantial price reduction, significantly below appraised value, making it an attractive proposition for developers seeking a high-return multifamily project. The two tax lots comprising this parcel provide flexibility for development plans. The existing mobile home park generates current income while offering the potential for a lucrative multifamily development, capitalizing on the strong demand in the Medford area. This is a rare chance to acquire a large, well-located parcel with immediate income and significant upside potential. Coordinates: 42.3329597, -122.8722202.
Value Estimations
-
AI approach
- Method
- Estimation
- Statistic approach
- $935,000
- ML approach
- $865,000
Get a detailed, property-specific valuation — fast and free
Location Insight
- Map
- Local Demand
- City
- Medford
- County
- Jackson
- State
- Oregon
- Longitude
- -122.872
- Latitude
- 42.3333
- CBSA code
- 32780
- CBSA name
- MEDFORD, OR METROPOLITAN STATISTICAL AREA
