Midway RoadMedford, OR97501

$2,997,000
4.70 acres
Elementary School: Howard Elem
Middle School: McLoughlin Middle
High School: South Medford High
Zoning: Mfr-30
470 days on market

VestorFilter™

Recent price drop$153,000
Price per acre$637.7K/ac
Time on market470 days

Property Description

Excellent development opportunity for large project. Seller makes no warranties, Buyer to do their own due diligence regarding what they can or cannot do with the property. The Seller currently has approval for up to 225 dwelling units under a PUD approval for Senior Congregate housing for Tax Lot 201 which is 4.70 acres and zoned MFR-30. Said approval is not guaranteed or represented as being active, but just being disclosed as part of what Seller has had approved in the past. Entitlements may or may not be available. Storm Drain, City Sewer and City Water has been brought on to the property. Additional adjoining land is available under a separate listing which is Tax Lot 2400 that is 1.19 acres and is zoned MFR-20 with situs address of 911 Swing Lane. At present both properties are available and if bought together, they may provide possible ingress and egress from both Midway Road and Swing Lane. Buyer to do their own due diligence. Broker is also principle of Seller.

Financial Data

Price ChangeDropped $153,000 on 08/07/2023
Total $653,000 drop
Original Price$3,650,000
Current Price$2,997,000
Property Taxes$8,491

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Home Facts

StatusActive
MLS ID220157940