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8074 Highway 62 - High-Visibility Commercial Development Site 2.05 Acres of Commercial Land Offered at $950,000 in White City, OR 97503
Investment Highlights
- high visibility, frontage, high traffic, on commuter route
Executive Summary
Merit Commercial Real Estate is pleased to exclusively present 8074 Highway 62, a commercial development site located in White City, Oregon (the "Site").
The Site is situated in-line with several rapidly developing commercial frontage lots on Hwy 62. The subject Site consists of two level contiguous parcels totaling approximately 2.05 acres. This commercial development opportunity benefits from high visibility along Highway 62, one of the Rogue Valley's primary roadways, with direct line of sight to over 22k VPD. Utilities are close to or are stubbed to the Site.
A key highlight of the Site is its relatively flat topography which can make for a smooth development process. Zoned General Commercial (GC), the property also allows for significant flexibility and is well-suited for a wide range of commercial uses including retail, medical, service/professional and much more.
Included in a purchase are rough plans of a ±24,353 SF mixed-use retail/warehouse style building, well-suited for grocery, markets, or any kind of service or professional business.
While the Site lends itself well to a building of this size and layout, the lot could easily suit other kinds of developments. This is an ideal site for a single or multi-tenant retail development, which can beneift significantly from the recent completion of the rear driveway providing access to Avenue G to the north and its signalized intersection.
Additionally, the Seller will consider build-to-suit proposals for qualified users - terms are to be negotiated. Contact listing brokers for more info.
The surrounding area is a mixture of commercial businesses along Highway 62 including Goodwill, Rogue Credit Union (local bank), Les Schwab Tire, GO Car Wash, and several other gas and convenience stores.
Directly to the east, there are many established single-family residential neighborhoods
Prospective buyers should note that the Site is located within a federally designated Opportunity Zone, potentially providing significant development incentives.
Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information!
The Site is situated in-line with several rapidly developing commercial frontage lots on Hwy 62. The subject Site consists of two level contiguous parcels totaling approximately 2.05 acres. This commercial development opportunity benefits from high visibility along Highway 62, one of the Rogue Valley's primary roadways, with direct line of sight to over 22k VPD. Utilities are close to or are stubbed to the Site.
A key highlight of the Site is its relatively flat topography which can make for a smooth development process. Zoned General Commercial (GC), the property also allows for significant flexibility and is well-suited for a wide range of commercial uses including retail, medical, service/professional and much more.
Included in a purchase are rough plans of a ±24,353 SF mixed-use retail/warehouse style building, well-suited for grocery, markets, or any kind of service or professional business.
While the Site lends itself well to a building of this size and layout, the lot could easily suit other kinds of developments. This is an ideal site for a single or multi-tenant retail development, which can beneift significantly from the recent completion of the rear driveway providing access to Avenue G to the north and its signalized intersection.
Additionally, the Seller will consider build-to-suit proposals for qualified users - terms are to be negotiated. Contact listing brokers for more info.
The surrounding area is a mixture of commercial businesses along Highway 62 including Goodwill, Rogue Credit Union (local bank), Les Schwab Tire, GO Car Wash, and several other gas and convenience stores.
Directly to the east, there are many established single-family residential neighborhoods
Prospective buyers should note that the Site is located within a federally designated Opportunity Zone, potentially providing significant development incentives.
Buyer is responsible for any and all due diligence. Contact the listing brokers today for additional information!
Property Facts
| Price | $950,000 | Property Subtype | Commercial |
| Sale Type | Investment or Owner User | Proposed Use | |
| No. Lots | 1 | Total Lot Size | 2.05 AC |
| Property Type | Land | Opportunity Zone |
Yes
|
| Zoning | GC - General Commercial | ||
| Price | $950,000 |
| Sale Type | Investment or Owner User |
| No. Lots | 1 |
| Property Type | Land |
| Property Subtype | Commercial |
| Proposed Use | |
| Total Lot Size | 2.05 AC |
| Opportunity Zone |
Yes |
| Zoning | GC - General Commercial |
1 Lot Available
Lot
| Price | $950,000 | Lot Size | 2.05 AC |
| Price Per AC | $463,414.63 |
| Price | $950,000 |
| Price Per AC | $463,414.63 |
| Lot Size | 2.05 AC |
flat and level, frontage on Hwy 62, with driveway and utilities already on-site.
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Limited public transit
30/100
Not bikeable
10/100
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 | |
| Land Assessment | $0 | Total Assessment | $170,670 |
Property Taxes
Parcel Numbers
Land Assessment
$0
Improvements Assessment
$0
Total Assessment
$170,670
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8074 Highway 62 - High-Visibility Commercial Development Site
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