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Key Details
Sold Price $2,400,000
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Sold
Purchase Type For Sale
Square Footage 342,381 sqft
Price per Sqft $7
MLS Listing ID 220189167
Sold Date 03/31/25
Annual Tax Amount $17,422
Lot Size 7.860 Acres
Acres 7.86
Lot Dimensions 7.86
Property Sub-Type Residential Lots
Property Description
Rare opportunity for a builder to acquire a high-density multi-family development located within an infill location in one of the most desirable parts of Medford. Entitlements have been completed and approved for a 168 unit apartment complex. Property is situated next to a public park and Kennedy Elementary School, offering convenient access to both recreational and educational facilities, ensuring a desirable living environment close to essential amenities. There is a significant undersupply of housing within the Rouge Valley which will further enhance the end value. No comparable opportunities are available in terms of size and location. This is the last parcel available in this area. Contact listing broker for all questions and a complete info package.
Location
State OR
County Jackson
Direction Head either north or south on Springbrook Rd. Turn left or right depending on the direction of travel onto Bell qt. Parcel will be on your left.
Exterior
Utilities Available Cable Available, Electricity Available, Phone Available, Other
Garage No
Building
Lot Description Corner Lot, Level
Water Public
Schools
High Schools North Medford High
Others
Senior Community No
Tax ID 10314511
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
Special Listing Condition Standard
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Stacey Sebastian
Principal Broker/Owner | License ID: 201223336
Principal Broker/Owner License ID: 201223336