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579 E Vilas Rd - Vilas Road Assemblage 9.88 Acres of Industrial Land Offered at $2,700,000 in Medford, OR 97502
Investment Highlights
- ±9.88-acre assemblage with four contiguous parcels and ±480 LF of frontage on E. Vilas Road
- Vacant 1,852 SF residence + 1,184 SF ADU at 605 E. Vilas — L-I land value is primary driver (buyer to verify permitting)
- Zoned L-I within Medford UGB; flexible use potential with future annexation opportunity and Opportunity Zone tax advantages
- Income-producing ±1,800 SF commercial building + rented mobile home generating $3,100/mo ($37,200+ gross annual)
- Utilities in place and level topography simplify future site design — public sewer, Avista gas, 3-phase + single-phase power, public water
- High-growth E. Vilas Rd corridor near Costco & Amazon DC (2024); prime visibility with I-5, Hwy 62 & airport access — 12,238 VPD
Executive Summary
The Vilas Road Industrial Assemblage presents a rare ±9.88-acre Light Industrial holding along East Vilas Road in Medford, Oregon — one of Southern Oregon's most active and supply-constrained industrial corridors. Recently reduced from $2,875,000 to $2,700,000 (±$291K/acre), the offering is now priced at a meaningful discount to the Medford-area average of $352,347/acre — and the seller is motivated. Located minutes from Interstate 5, Highway 62, and Rogue Valley International–Medford Airport, the property combines in-place income, redevelopment flexibility, and long-term appreciation potential amid strong absorption and sustained investor demand.
The offering consists of four contiguous parcels with ±480 LF of E. Vilas frontage and shared access via a 66-foot driveway, forming a unified industrial site with full utilities, level topography, and zoning that supports a broad range of low-impact manufacturing, warehousing, contractor yard, and service-oriented uses.
Current Income & Improvements
Existing improvements provide steady income while preserving future development optionality. The property includes a ±1,800 SF leased commercial building with 3-phase power, three supplemental meters, and 4 RV hookups, plus a rented mobile home — generating $3,100/month ($37,200+ gross annual) in combined income ($2,200 commercial + $900 residential). The adjacent 605 E. Vilas Rd parcel includes a 1,852 SF residence (1965) and a 1,184 SF ADU — currently vacant, with L-I land value as the primary driver. Buyer to verify permitting pathways with Jackson County. An additional 2.41-acre unimproved parcel at 61 E. Vilas and 3.95 acres of surplus land at 579 E. Vilas are development-ready.
Zoning, Utilities & Infrastructure
All parcels are zoned L-I (Light Industrial) under Jackson County, located within the Medford Urban Growth Boundary, with no floodplain constraints (buyer to verify overlays). The site also carries Opportunity Zone designation, offering long-term tax-advantage potential for qualifying capital gains. Zoning supports fabrication, assembly, distribution, storage, contractor operations, and multi-tenant flex. Public sewer, Avista natural gas, and robust electrical infrastructure (3-phase + single-phase) are in place, with public water connection available. Level topography supports efficient site planning with minimal prep.
Strategic Location & Market Context
East Vilas Road carries 12,238 VPD (Esri 2025), with Hwy 62 carrying 28,100–29,300 VPD approximately one mile north. Within a 1-mile radius: 217 businesses, 3,264 workers, and $869M in annual sales — confirming an established industrial hub. Major demand anchors within two miles include Costco, the 2024 Amazon Distribution Center, Medford Airport, and I-5 / Hwy 62. A 9.47-acre RV and boat storage facility directly across the street confirms real-time submarket demand.
Southern Oregon's industrial market remains characterized by tight vacancy, limited new supply, and rising rents. L-I land values have appreciated 25–30% from 2024 to mid-2025, small industrial buildings now trade at $300–325/SF, and flex/small-bay vacancy is near zero. With land near the airport and central Medford increasingly constrained, East Vilas Road stands out as one of the few remaining corridors offering both scale and accessibility.
Investment Overview
Offered at $2,700,000 following a recent $175,000 price improvement, the Vilas Road Industrial Assemblage delivers a compelling blend of income, infrastructure, and redevelopment upside. Viable strategies include owner-user occupancy, phased contractor yard / IOS buildout, multi-tenant flex park development, or long-term land bank / 1031 exchange hold benefiting from continued corridor maturation and Opportunity Zone tax treatment.
Summary
With scale, visibility, full utilities, flexible L-I zoning, Opportunity Zone designation, and proximity to major regional anchors, this assemblage represents one of the most strategic remaining industrial tracts along East Vilas Road — well positioned for industrial users, developers, and investors seeking durable cash flow and meaningful upside in a high-demand Medford submarket. Seller is motivated — bring offers.
Property Facts
1 Lot Available
Lot
| Price | $2,700,000 | Lot Size | 9.88 AC |
| Price Per AC | $273,279.35 |
| Price | $2,700,000 |
| Price Per AC | $273,279.35 |
| Lot Size | 9.88 AC |
Level ±9.88-acre L-I assemblage · 4 contiguous parcels · ±480 LF E. Vilas frontage · 66' shared driveway · Inside UGB · Opportunity Zone · sewer, gas, 3-phase power, water available · development-ready
Description
Property Description PRICE IMPROVED — Reduced $175,000 to $2,700,000 | Motivated Seller The Vilas Road Industrial Assemblage comprises ±9.88 acres of Light Industrial–zoned land along East Vilas Road in Medford, a corridor that has emerged as one of the region's most active and supply-constrained industrial locations. Recently reduced from $2,875,000 to $2,700,000 (±$291K/acre) — a meaningful discount to the Medford-area average of $352,347/acre — the offering is now priced for a motivated close. With strong frontage, excellent access, and existing income, the property is well suited for investors, developers, or owner-users seeking scale and flexibility. The offering includes four contiguous parcels with ±480 LF of East Vilas frontage and shared access via a unified 66-foot driveway. The site is predominantly level and benefits from proximity to Interstate 5, Highway 62, and Rogue Valley International–Medford Airport, supporting efficient circulation for industrial, contractor, and distribution users. Existing improvements provide near-term income and optionality. A ±1,800 SF leased commercial building with 3-phase power, three supplemental meters, and 4 RV hookups, together with a rented mobile home on the same parcel, generates $3,100 per month ($37,200+ gross annual). An additional parcel at 605 E. Vilas Rd includes a 1,852 SF residence (1965) and a 1,184 SF ADU, both currently vacant — with L-I land value as the primary driver (buyer to verify permitting pathways with Jackson County). The 2.41-acre unimproved parcel at 61 E. Vilas Rd and ±3.95 acres of surplus land at 579 E. Vilas are development-ready, enabling phased buildout while in-place income offsets carrying costs. All parcels are zoned L-I (Light Industrial) under Jackson County and lie within the Medford Urban Growth Boundary, with no floodplain constraints (buyer to verify overlays). The site also carries Opportunity Zone designation, offering long-term tax-advantage potential for qualifying capital gains. L-I zoning supports a broad range of uses including light manufacturing, fabrication, warehousing, distribution, storage, contractor operations, and multi-tenant flex development. Infrastructure includes public sewer, Avista natural gas, 3-phase and single-phase power, and public water connection available. The surrounding East Vilas Road corridor continues to attract industrial, logistics, and storage users. Traffic counts reach 12,238 VPD on E. Vilas (Esri 2025), with Hwy 62 carrying 28,100–29,300 VPD approximately one mile north. A 1-mile radius captures 217 businesses, 3,264 workers, and $869M in annual sales — confirming an established industrial hub. Regional anchors within two miles include Costco, the 2024 Amazon Distribution Center, and Medford Airport, while a new 9.47-acre RV and boat storage facility directly across the street validates real-time submarket demand. L-I land values in the corridor have appreciated 25–30% from 2024 to mid-2025, with small industrial buildings trading at $300–325/SF and near-zero flex vacancy. Offered at $2,700,000, the Vilas Road Industrial Assemblage presents a rare opportunity to acquire a sizable, income-supported industrial site in a growth corridor with long-term redevelopment and appreciation potential. Seller is motivated — bring offers.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $643,900 |
Property Taxes
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579 E Vilas Rd - Vilas Road Assemblage
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