3720 Crater Lake AvenueMedford, OR97504
$299,000
2.36 acres
Elementary School: Check with District
Middle School: Check with District
High School: Check with District
Zoning: c-h
2484 days on market
VestorFilter™
Recent price drop$76,000
Price per acre$126.7K/ac
Time on market2484 days
Property Description
Zone Change has turned this property into a valuable commodity. Flexible commercial zoning allowing high density multifamily units (minimum MFR 30) or many other commercial uses such as self storage or a hotel. Sewer, Water, power available. established neighborhood of existing high density homes. Terraced property has views, city utilities on site, deeded access from multiple streets, and an ideal location off of Crater Lake Ave. Recent code change allows building height of 55ft for multifamily allowed with current commercial zoning. Located within opportunity zone. Seller believes possible to rezone to multi-family or residential if lower density preferred to the current mfr-30 density allowed under the commercial zoning.
Financial Data
Price ChangeDropped $76,000 on 05/16/2024
Total $76,000 drop
Total $76,000 drop
Original Price$375,000
Current Price$299,000
Property Taxes$4,028
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Home Facts
StatusActive
MLS ID102980292