Full details for Other For Sale in Medford, Oregon
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Description
Prime Development Land for Sale in Medford, Oregon: Welcome to the Orchard Home Drive Development, an amazing opportunity for residential, commercial, and multifamily development. Located in the growing city of Medford Oregon, this property is well-positioned to be a prime development.With approximately 24.5 acres, this project has potential with great scale! Slated for approximately 5.3 acres of commercial development, 14.1 acres of residential development, and 5.1 acres of open space, the project allows for a new owner to have complete control of the design within this community.Prime Development Land for Sale - Commercial, Multifamily, or BothThe commercial portion of this project can be developed either as commercial, multifamily, or a combination of both. If developed as multifamily, there is a maximum density of 30 units per acre and a minimum density of 20 units per acre. The residential portion of the project is expected to have a maximum density of 10 units per acre for SFR and will also allow for higher density for duplex or townhouse development.This southwest Medford location has also had consistent demand for new housing, with very few opportunities such as the Orchard Home Drive Development. This development is at the intersection of Orchard Home Drive and South Stage Road, a convenient path for growth and is ideally positioned for easy access to downtown Medford, while also being a short commute to both the charming towns of Ashland and Jacksonville. Another benefit is that the infrastructure to serve this project is presently available in the immediate area (buyer to complete due diligence).Prime Development Land - Surrounding AreaFor years, Southern Oregon has been one of the most sought-after destinations on the west coast for individuals and families to move to. Since 2012, the area has experienced consistent growth in population, employment, and wages, which has led to a very high demand for housing. The housing market in Medford has been on an upward trend since 2008, and has since experienced consistent growth in population, employment, and wages, which has led to a strong demand for housing.Southern Oregon is one of the most sought-after destinations on the west coast for individuals and families to move to, helping rental apartments in the metro area consistently report vacancy rates below 3.0%, far below the 5.0% rate that represents a normal supply-demand balance. Centrally located on the I-5 Corridor between the San Francisco Bay Area and the metropolitan areas of Portland and Seattle, Medford is known for its mild Mediterranean climate and attractive small-town culture.Southern Oregon enjoys incredible natural beauty, abundant water and distinct four seasons with a mild winter. Regional attractions include Crater Lake National Park, the world-renowned Rogue River, Oregon Shakespeare Festival and an emerging Wine industry with many beautiful vineyards and incredible wineries. There are over 300,000 people that call this area home. Additionally, the Medford area is the retail and medical hub for Southern Douglas, Curry and Klamath counties as well as Siskiyou County (Northern California).Buyer to do all due diligence regarding the requirements and associated costs of development (including but not limited to applications, permits, improved access, required offsites, utility availability and extension, etc.). Please note that any density/configuration is subject to final approval; buyer to complete due diligence.Brought to you by Martin Outdoor Property Group in partnership with Land Leader. Martin Outdoor Property Group is a leading Southern Oregon real estate team for land, commercial property, ranches, vineyards, rural homes, and waterfront homes.
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