Sizeable mixed-use development property in Southern Oregon, located in the Opportunity Zone! Known as Coker Butte Development located in East Medford. The project is the result of the recent culmination of 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. The overall Croker Butte Development Plan consists of approx. 207.5-AC. Of that, approx. 79.1-AC has been master planned to allow for residential development and 52.3 -AC of commercial/multi-family development land. The current owners have entered into a gift pledge agreement with the Medford School district to donate approx. 19.6-AC for future school site, and approx. 30.8-AC to be donated to Medford Parks & Recreation Foundation. An existing 2 bdrm, 2-bath home sits on the North end of the property, which is currently rented. Broker Owned.
- Price: $13,900,000
- Lot Size: 207.5 Acres
- Zoning: EFU (Exclusive Farm Use)
- Map & Tax Lot #: 37 01W 05, TLS: 300,600,900,202
- Property Taxes: $17,049.52 (2019-20)
- MLS #: 220100563
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Agent:
William L. Leever ([email protected])
Licensed Real Estate Broker in the State of Oregon
