27.62 Acres in Medford, OR - $1,375,000

Welcome to the property historically known as Mary Mac East Orchard, now a prime development property located in the heart of southwest Medford, Oregon. The farm has recently had the pear orchard removed in preparation for future development. Situated on 27.62 acres, this is one of the largest single land offerings recently brought into Medford’s Urban Growth Boundary. The property has excellent access, with paved frontage on South Stage Road (south), Kings Highway (west), and Experiment Station Road (north). For years, Southern Oregon has been one of the most sought-after destinations on the west coast for individuals and families to move to. Since 2012 the area has experienced consistent growth in population, employment, and wages, which has led to a very high demand for housing.  Based on the most recent residential housing market analysis prepared for the city of Medford by Johnson Economics, the baseline ten year growth forecast for housing demand is 1.92% annually which is nearly double the historic average. The property’s overall shape, location, and traffic count make the property well suited for a multitude of future uses, including  single-family, multi-family and commercial development. The phenomenal location is just minutes from all the conveniences of Medford. This property offers someone great scale for their development needs. The property is comprised of two tax lots currently zoned Exclusive Farm Use. However, the property was recently brought into the Urban Growth Boundary and is part of planning unit MD-7B. While there is a current outline of zonings and their respective locations for this unit, future owners can propose changes (buyer to do their due diligence). The planned zonings include UR (urban residential), CM (commercial), and SC (service commercial). As part of the Regional Problem Solving (RPS) process for the UGB expansion, it has been determined that utilities will be available for future development (buyer to complete due diligence).   Southern Oregon enjoys incredible natural beauty, abundant water and a distinct four seasons with a mild winter. Regional attractions include Crater Lake National Park, the world-renowned Rogue River, Oregon Shakespeare Festival and an emerging Wine Industry with many beautiful vineyards and incredible wineries. There are over 300,000 people that call this area home. For years this has been one of the top destinations on the west coast for individuals and families to relocate. Additionally, the Medford area is the retail and medical hub for Southern Douglas, Curry and Klamath counties as well as Siskiyou County (Northern, CA). Medford is located approximately halfway between the Bay Area and Portland. Buyer to do all due diligence regarding the requirements and associated costs of development (including but not limited to applications, permits, annexation, zoning change requests, improved access, required offsites, utility availability and extension, etc.). “Southern Oregon has no sales tax, no inventory tax, and our corporate income tax is a single sales factor apportionment; which means your corporate income tax will be determined solely based on your sales within the state. While cash incentives reduce startup costs, our operational cost savings are predictable and on-going. In addition to tax savings, our Worker’s Comp rates are 6th lowest in the nation and our water and energy are affordable and abundant.”  (Source: soredi)