1816 Vilas Road E, Medford, OR 97502

$18,900,000

Listing courtesy of Windermere Trails End R.E..

List Price
$18,900,000

Property Description

Presenting a rare opportunity to acquire a sizeable mixed-use development property in Southern Oregon! Known as Coker Butte Development located in East Medford. The project is the result of the recent culmination of years-long regional planning process. The property has now been included within the City of Medford's Urban Growth Boundary making it eligible for development. The Urbanization and Annexation process is currently underway. The overall Coker Butte Development Plan consists of approx. 210-AC. Of that, the current owners have entered into a gift pledge agreement with both the Medford School District to donate 20-AC for a future school site and the Medford Parks & Recreation Foundation to donate approx 23.5-AC for park land. The remaining approx 166.5-AC has been master planned to allow for 105-AC of residential development and 61.5-AC of commercial development. An existing 2-bdrm, 2-bath home sits on the North end of the property, which is currently rented. Broker owned.

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