Sold
21.88± Acres
Sold
Jackson County, Oregon

415 Experiment Station Road

ID: 33078
External ID/MLS: 13652 / --
Status: Sold
Acres: 21.88±
Type: Commercial
Address: 415 Experiment Station Road
City, State: Medford, Oregon
County: Jackson
ZIP Code: 97501
Presented By: Ashley Lacer

Description

Welcome to 415 Experiment Station Road. This prime development property located in the heart of southwest Medford, Oregon was historically utilized as a pear orchard and research facility for Oregon State University (all agriculture stopped in approximately 2008). This property is part of planning unit MD-7B which was recently brought into the Medford Urban Growth Boundary (UGB). At 21.88 acres, this property comprises +/- 15.37% of planning unit MD-7B. The property's phenomenal location is just minutes from all the conveniences of Medford and offers the next owner a great scale for their residential development needs.The property has one tax lot that is currently zoned Exclusive Farm Use (EFU). The property will be rezoned to fully residential zonings ideal for subdivision development. While there is a current outline of zonings and their respective locations for this unit, future owners can propose changes (buyer to do their due diligence). The planned zonings for the unit as a whole include UR (urban residential), CM (commercial), and SC (service commercial), with the subject property being slated for all residential. As part of the Regional Problem Solving (RPS) process for the UGB expansion, it has been determined that utilities will be available for future development (buyer to complete due diligence). For 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. Based on the most recent residential housing market analysis prepared for the city of Medford by Johnson Economics, the baseline ten-year growth forecast for housing demand is 1.92% annually which is nearly double the historic average.Southern Oregon enjoys incredible natural beauty, abundant water and a 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, CA). Buyer to do all due diligence regarding the requirements and associated costs of development (including but not limited to applications, permits, annexation, zoning change requests, improved access, required offsites, utility availability and extension, etc.).

Ask Ashley About This Property

Nearby Properties Around Jackson County

Jackson County, OR
Welcome to Carpenter Hill Ranch and Vineyard, a serene retreat tucked away in the highly sought-after Southwest Medford foothills. This sprawling property captures the essence of rural living with its seamless blend of geographic convenience, breatht...
114.01± Acres
|
$2,899,000
Under Contract
Jackson County, OR
Griffin Creek Southern Oregon Vineyard & Estate For SaleWelcome to the Griffin Creek estate and vineyard. This feature-rich 2.14 acre property features a custom Mediterranean home, majestic old-growth trees, creek frontage, a vineyard that produc...
2.14± Acres
|
$1,175,000
Jackson County, OR
East Medford development opportunity. 3 +/- acres located within the city limits of Medford, Oregon. The property is located near the intersection E McAndrews Rd and Foothill Rd with access from McAndrews. Zoning is SFR-4. The property offers prime v...
3± Acres
|
$385,000