Cherry Lane, Medford, OR 97504

$11,000,000

Listing courtesy of Merit Commercial RE, LLC.

List Price
$11,000,000
MLS#
220179075
Status
ACTIVE
City
Medford
County
Jackson

Property Description

An opportunity to own 1% of the total land area of Medford, Oregon - welcome to The Highlands. 167-acres on one tax lot, The Highlands is tucked in the East Medford hills & commands the most desirable location & views. Ideally situated for a luxury development site, there is a grandfathered PUD laying out 800+ units of detached SFR, condos, & townhomes as well as senior living facilities & multifamily sites. Developers could utilize The Highlands to deliver a market-defining project. Combining world-class views with convenience, each residence located within The Highlands will be <10 mins to grocery, dining, Asante hospital, recreation, & <15 mins to RV Intl. Airport & I-5 access. Sharing a property line, Prescott Park offers 17+ miles of public trails next door. Utilities are stubbed/close, believed to have adequate capacity for the first few phases of development. Take advantage of great demographics and a growing market with The Highlands! Buyers to complete all due diligence.

Additional Information

Taxes
$16,104
Acres
167
View
Cascade Mountains, City, Creek/Stream, Mountain(s), Neighborhood, Panoramic, Park/Greenbelt, Ridge, Territorial, Valley
Water
Other, Public
Elementary School
Hoover Elem
Middle School
Hedrick Middle
High School
North Medford High

Mortgage Calculator

Amount of Loan
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Term of Loan
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Please consult a financial professional.
Calculator source: Real Geeks

The data relating to real estate for sale on this web site comes in part from the Internet Data Display (IDX) of the Southern Oregon Multiple Listing Service. Real estate listings held by brokerage firms other than our company are marked with the IDX logo and detailed information about them includes the name of the listing brokers. The information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. All information subject to change and should be independently verified. Last updated: