1816 E Vilas Rd
Central Point, OR 97502
Sky View Estates · Land For Sale · 206.84 AC

Presenting a rare opportunity to acquire a sizeable mixed-use development property in Southern Oregon! Known as Coker Butte Development, the project is the result of the recent culmination of a years-long regional planning process. The property has now been included within the City of Medford’s Urban Growth Boundary making it eligible for development. The Urbanization and Annexation process is currently underway, as is a wetlands study. The overall Coker Butte Development Plan consists of approx. 210 acres. Of that, the current owners have entered into a gift pledge agreement with both the Medford School District to donate 20 acres for a future school site and the Medford Parks and Recreation Foundation to donate approx. 23.5 acres for parkland. The remaining approximately 166.5 acres has been master planned to allow for 105 acres of residential development and 61.5 acres of commercial development. An existing 2 bedroom 2 bath home sits on the North end of the property, which is currently rented. The property is located in East Medford with great circulation and close proximity to shopping, dining and recreational amenities. The single-family residential components of the property are well-positioned for mid-to-high-end home development. The multi-family components are strategically located near the commercial zones and will be instrumental in relieving the major shortage of affordable housing in Southern Oregon. The commercial property components have nearly a half mile of frontage on Crater Lake Highway, one of the region’s busiest and most highly trafficked thoroughfares. The commercially zoned property can also accommodate additional multi-family development if desired. Broker owned.