0 Cherry Lane, Medford, OR 97504

$9,800,000

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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.

0 Cherry Lane | MLS# 220179075

This land located at 0 Cherry Lane, Medford, OR 97504 is currently listed for sale with an asking price of $9,800,000. The property has approximately 167.00 Acres. Search Medford real estate on drueripp.bendpremierrealestate.com today.

Property Features

Property Type: Land - Residential
Lot Size: 167.00 Acres
Taxes: $16,104

Feature Descriptions

Sewer: Other
Special View Info: Cascade Mountains, City, Creek/Stream, Mountain(s), Ne

Local Schools

High School: North Medford
Middle School: Hedrick
Elementary School: Hoover

Listed By / Shown By

Listed By

Agency Name: Merit Commercial RE, LLC

Shown By

Agent Name: Drue Ripp, Broker
Agent Phone: Cell: (541) 668-0339
Agency Title: Bend Premier Real Estate

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Estimated Payment

$ 53,754.47 per month $49,554.13 Principal & Interest $1,342.00 Property Tax $2,858.33 Homeowner's Insurance

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