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Listed by Millen Property Group
$1,350,000
Est. payment /mo
6.97 Acres Lot
Active
5111 CHERRY LN Medford, OR 97504
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UPDATED:
12/31/2024 06:39 PM
Key Details
Property Type Vacant Land
Sub Type Mixed Use
Listing Status Active
Purchase Type For Sale
MLS Listing ID 24418854
Annual Tax Amount $2,758
Tax Year 2024
Lot Size 6.970 Acres
Property Sub-Type Mixed Use
Property Description
Prime 6.97-acre parcel with MFR-15 zoning allowing 10-15 units/acre. Truly a beautiful piece of land, this stunning property offers panoramic views across the valley to the west with breathtaking sunsets. Surrounded by upscale custom homes in the desirable Hillcrest/Cherry Lane area. Perfect for multifamily or residential development, it provides flexibility to build on a single tax lot (no need to split-multifamily can be built on 1 tax lot) or split into multiple lots. Annexed into the city in 2008, it's a part of the SE Medford plan for medium-to-high density housing, making it a rare opportunity with incredible development potential. Conveniently located in a lovely neighborhood, this site combines beauty and functionality for your next project. Buyer to perform own due diligence with the City of Medford. All information is deemed reliable but not guaranteed. Buyer to do all of their own due diligence to verify all information.
Location
State OR
County Jackson
Area _801
Zoning MFR-15
Exterior
Utilities Available SeeRemarks
View City, Mountain, Valley
Garage No
Building
Lot Description Cleared, Corner Lot, Public Road
Schools
Elementary Schools Hoover
Middle Schools Hedrick
High Schools South Medford
Others
Acceptable Financing Cash, Conventional
Listing Terms Cash, Conventional
