1840 S Stage RDMedford, OR97501

$1,895,000
19.21 acres
Acres10to20
Elementary School: Griffin Creek
Middle School: McLoughlin
High School: South Medford
Zoning: EFU
158 days on market
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Recent price drop$100,000
Price per acre$98.6K/ac
Time on market158 days

Property Description

Welcome to the Orchard Home Drive development, an amazing opportunity for both residential and commercial development. Having been added to the UGB in 2020, this property is one of only a handful of available development pieces in the Medford MSA. It's estimated that it will be upwards of 20 years before there is another UGB expansion, all but guaranteeing demand for new housing remains elevated with competition minimal. The residential offering encompasses ± 19.21 acres, including ± 5.10 acres of required open space allotment. The project is expected to have SFR-10 zoning, allowing for 10 dwelling units/acre, as well as even higher density for small multifamily or attached townhome product. 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$1,995,000
Current Price$1,895,000
Property Taxes$1,833

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Home Facts

StatusActive
MLS ID23392666