1840 S Stage RDMedford, OR97501

$895,000
5.3 acres
Acres5to7
Elementary School: Griffin Creek
Middle School: McLoughlin
High School: South Medford
Zoning: EFU
159 days on market
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Recent price drop$100,000
Price per acre$168.9K/ac
Time on market159 days

Property Description

Welcome to the Orchard Home Drive development, an amazing opportunity for commercial/multifamily development. Having been added to the UGB in 2020, this property is one of only a handful of available properties of scale in the Medford MSA. The commercial offering will allow for typical commercial development and/or a multifamily component, with a density between 20-30 units/acre. With regards to multifamily, the "apartments over retail" style is gaining popularity in the area (e.g. Twin Creeks in Central Point), as well as a pure garden style walk-up multifamily product (e.g. Northgate Village in Medford). 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.

{{ compliance-logo }}Listing Provided By Merit Commercial Real Estate, LLC.

Financial Data

Price ChangeDropped $100,000 on 03/26/2024
Total $100,000 drop
Original Price$995,000
Current Price$895,000
Property Taxes$1,833

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Home Facts

StatusActive
MLS ID23119252