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The Highlands | 167-Acre Development Site 0 Cherry Lane 167 Acres of Commercial Land Online Auction Sale Medford, OR 97504
INVESTMENT HIGHLIGHTS
- The Highlands is an ideal opportunity for savvy developer seeking ample acreage for single family or mixed-use development.
- Convenient to Downtown Medford, which houses a variety of retailers, including Target, Barnes & Noble, Safeway, and many more.
- This Southern Oregon location pairs beautiful, serene views with exceptional convenience and connectivity via Interstate 5.
- Medford offers strong demographics within 2 miles, with a growing population and average household incomes over $138,000.
EXECUTIVE SUMMARY
Merit Commercial Real Estate has been exclusively retained to market for sale The Highlands, a landmark development offering the bulk of East Medford proper. The Highlands stands as a legacy property, offering a visionary developer the perfect blank slate for a luxury single-family and mixed-use product.
Encompassing 167 acres of prime residential development land, The Highlands allows a developer to step into a high-end south-facing development site at scale in one of the most desirable neighborhoods in Southern Oregon. The original, grandfathered PUD lays out a large-scale development consisting of approximately 800+ single-family homes, as well as senior living facilities, condos, townhouses, and multifamily buildings. A developer isn't limited to this layout but could use the master plan and deliver a market-defining project.
All utilities are either stubbed directly to the property or within close proximity. Water, sewer, and storm drain are available, and high-capacity power runs the length of the site into the adjacent Pacific Power substation. The topography is usable and allows for desirable views of lots and homes, with approximately 75% of the site under a 25% slope. The Highlands offers 1.00% of the total land supply of Medford, Oregon.
Combining world-class views with convenience, each residence located within The Highlands is less than 10 minutes to every necessity, including grocery, dining, Asante Rogue Regional Medical Center, healthcare clinics and practices, recreation, and much more. Rogue Valley International Airport, as well as Interstate 5 access, are also less than 15 minutes away.
Directly adjacent to the North, Prescott Park (Roxy Ann Peak) offers over 17 miles of hiking and biking trails and is one of the most accessible and desirable parks in the Rogue Valley. The Rogue Valley has consistently proven itself as a growing market, with demand for high-quality luxury single-family and higher-density products. East Medford is one of the most desirable areas in the region, and it has very strong income and employment demographics.
Encompassing 167 acres of prime residential development land, The Highlands allows a developer to step into a high-end south-facing development site at scale in one of the most desirable neighborhoods in Southern Oregon. The original, grandfathered PUD lays out a large-scale development consisting of approximately 800+ single-family homes, as well as senior living facilities, condos, townhouses, and multifamily buildings. A developer isn't limited to this layout but could use the master plan and deliver a market-defining project.
All utilities are either stubbed directly to the property or within close proximity. Water, sewer, and storm drain are available, and high-capacity power runs the length of the site into the adjacent Pacific Power substation. The topography is usable and allows for desirable views of lots and homes, with approximately 75% of the site under a 25% slope. The Highlands offers 1.00% of the total land supply of Medford, Oregon.
Combining world-class views with convenience, each residence located within The Highlands is less than 10 minutes to every necessity, including grocery, dining, Asante Rogue Regional Medical Center, healthcare clinics and practices, recreation, and much more. Rogue Valley International Airport, as well as Interstate 5 access, are also less than 15 minutes away.
Directly adjacent to the North, Prescott Park (Roxy Ann Peak) offers over 17 miles of hiking and biking trails and is one of the most accessible and desirable parks in the Rogue Valley. The Rogue Valley has consistently proven itself as a growing market, with demand for high-quality luxury single-family and higher-density products. East Medford is one of the most desirable areas in the region, and it has very strong income and employment demographics.
OFFERING MEMORANDUM Click Here to Access
DATA ROOM Click Here to Access
- Offering Memorandum
- Purchase Agreement
- Operating and Financial Statements
- Title and Insurance
- Third Party Reports
- Miscellaneous
PROPERTY FACTS
| Property Type | Land | Total Lot Size | 167.00 AC |
| Property Subtype | Commercial | Sale Condition | Auction Sale |
| Sale Type | Investment | Type of Ownership | Fee Simple |
| Zoning | PUD | ||
| Property Type | Land |
| Property Subtype | Commercial |
| Sale Type | Investment |
| Total Lot Size | 167.00 AC |
| Sale Condition | Auction Sale |
| Type of Ownership | Fee Simple |
| Zoning | PUD |
1 LOT AVAILABLE
Lot
| Lot Size | 167.00 AC | Parcel Number | 10935881 |
| Lot Size | 167.00 AC |
| Parcel Number | 10935881 |
SALE ADVISORS
SALE ADVISORS
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AUCTION CONTACT
Molly Patten
Contact
Auctioneer License:
Ten-X RE Arlene Richardson RE Brkr 201215355
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MATTERPORT 3D EXTERIOR
MATTERPORT 3D TOUR
PHOTOS
STREET VIEW
STREET
MAP
3% Transaction Fee
Based on Winning Bid Amount
Minimum Transaction Fee
$20,000
Maximum Transaction Fee
$300,000
Example Calculation
Winning Bid Amount
$5,000,000
Transaction Fee
$150,000 (3%)
Total Purchase Price
$5,150,000
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The Highlands | 167-Acre Development Site | 0 Cherry Lane
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The Highlands | 167-Acre Development Site | 0 Cherry Lane
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