602 Riverside Ave, Medford, OR 97501-4640

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.