415 Experiment Station Rd, Medford, OR 97501, USA
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.).