Welcome to Orchard Home Drive North, an amazing opportunity for residential development. Located in the growing city of Medford Oregon, this property is well-positioned to be a prime residential buildout.
With approximately 9.9 acres, this project has great potential at scale! Slated for approximately 6.9 acres of residential development, and +/- 3 acres of open space, the project allows for a new owner to have total design control within this community. The open space allows for the development of community parks and common amenities all can enjoy.
This 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 had consistent demand for new housing, with very few opportunities such as the Orchard Home Drive North project.
Located at the intersection of Orchard Home Drive and South Stage Road, this development opportunity lies in 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).
Southern Oregon has long been a highly desirable location for both individuals and families to relocate to on the west coast. The region has witnessed a consistent surge in population, employment, and wages since 2012, resulting in an immense demand for housing. Similarly, the housing market in Medford has been on the rise since 2008, exhibiting steady growth in population, employment, and wages, thus driving the demand for housing in the area.
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 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 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.