Kings HWYMedford, OR97501

$3,800,000
15.79 acres
Acres10to20
Elementary School: Griffin Creek
Middle School: McLoughlin
High School: South Medford
Zoning: SFR-00
159 days on market
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Recent price drop$100,000
Price per acre$240.7K/ac
Time on market159 days

Property Description

Welcome to the Kings Highway offering, an opportunity for residential development with great scale. Located in the growing City of Medford, this recently annexed property is positioned to allow a developer to move quickly, with the PUD approval set to be completed within 3-4 months. The vision for the residential neighborhood is rooted in the desire to create a community where neighbors know and interact with each other through an innovative, higher-density housing product. The SFR-10 zoning allows for detached single-family, duplexes, triplexes, quadplexes, and cottage clusters. Kings Highway is located in a convenient path for growth and is ideally positioned for easy access to downtown Medford and both the charming towns of Ashland and Jacksonville. There are no known significant off-site development requirements, as the infrastructure to serve this project is presently available with adequate capacity. Buyer to complete all due diligence. More info available - contact Listing Agent.

{{ 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$3,900,000
Current Price$3,800,000
Property Taxes$2,934

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Home Facts

StatusActive
MLS ID23500517