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4692 Crater Lake Avenue, 600, Medford, OR 97504

$4,500,000
Property Type: Land Lot Size (sq. ft.): 554,083 Status: Active
Current Price: $4,500,000 List Date: 4/28/2025 Last Modified: 4/24/2026

Description

Development has begun on this exceptional 12-acre development opportunity featuring approved commercial and apartment zoning within an Opportunity Zone. Design your custom apartment complex with the potential for approximately 300 residential units, ideally situated on the outskirts of Medford. This strategic location offers immediate tax advantages alongside strong long-term growth potential in an increasingly desirable market. Positioned within an established commercial zone and supported by an additional 180 acres of future development, the site presents outstanding possibilities--including long-term plans for a potential regional mall. Invest in scale, vision, and lasting value in a high-growth corridor primed for expansion.

Supplements: ********

More Information MLS# 220200527

Location, Tax, and Legal

Unit Number: 600 Cross Street: Coker Butte Section: Not Applicable Parcel Number: 10460547 Tax Map Number: 37 1W05 Tax Lot: 600 Lot Size Acres: 12.72 Lot Size Square Feet: 554083 Additional Parcels YN: No

Contract Information

List Price per Acre: 353773.58 Original List Price: 4500000 Current Price: $4,500,000 Status: Active List Price: $4,500,000 Listing Contract Date: 2025-04-28

General Property Information

Garage YN: No Elementary School: Kennedy Elem Middle Or Junior School: Hedrick Middle High School: North Medford High Zoning: Comercial Tax Annual Amount: 1 Tax Year: 2025 Assessment YN: No Irrigation Water Rights YN: No CC&R's YN: No Association YN: No Senior Community YN: No Horse Property YN: No Manufactured Structure Allowed YN: No Preferred Escrow Company & Officer: Ticor, S. Condello FIRPTA YN: No Sign On Property YN: Yes Property Sub Type: Commercial

Remarks and Miscellaneous

Public Remarks: Development has begun on this exceptional 12-acre development opportunity featuring approved commercial and apartment zoning within an Opportunity Zone. Design your custom apartment complex with the potential for approximately 300 residential units, ideally situated on the outskirts of Medford. This strategic location offers immediate tax advantages alongside strong long-term growth potential in an increasingly desirable market. Positioned within an established commercial zone and supported by an additional 180 acres of future development, the site presents outstanding possibilities--including long-term plans for a potential regional mall. Invest in scale, vision, and lasting value in a high-growth corridor primed for expansion. Directions: Crater Lake Ave, coming from Coker Butte. You will see the signs. Assessment Comments: Property will be reassessed once the final plat is completed. Taxes will adjust accordingly.

Current Use

Commercial: 1

Easements

Access: 1 Utilities: 1

Fencing

None: 1

Listing Terms

Cash: 1

Flood

N/A: 1

Government Overlay

Opportunity Zone: 1

Home/Build Site

Applied For: 1

Irrigation Distribution

None: 1

Irrigation Source

None: 1

Lot Features

Level: 1

Railroad

Not Available: 1

Road Frontage Type

Shared Access: 1

Road Surface Type

Paved: 1

View

Mountain(s): 1 Panoramic: 1 Territorial: 1 Valley: 1

Power Production

None: 1

Sewer

Public Sewer: 1

Utilities

None: 1

Utilities Location

At Street: 1

Water Source

Public: 1

Documents on File

Brochure: 1 Call Listing Office: 1 Photos: 1 Plat Maps: 1

Special Listing Conditions

Standard: 1

Location Tax and Legal

Street Number: 4692 Street Name: Crater Lake Street Suffix: Avenue County: Jackson State: OR Postal Code: 97504 Subdivision Name: N/A

Status Change Information

Status Change Timestamp: 2025-04-28

Property Features

Current Use: Commercial Easements: Access Fencing: None Flood: N/A Government Overlay: Opportunity Zone Irrigation Distribution: None Irrigation Source: None Lot Features: Level Railroad: Not Available Road Frontage Type: Shared Access Road Surface Type: Paved View: Mountain(s); Panoramic; Territorial; Valley Power Production: None Sewer: Public Sewer Utilities: None Utilities Location: At Street Water Source: Public Documents on File: Brochure; Call Listing Office; Plat Maps Listing Terms: Cash Special Listing Conditions: Standard
Listing Office: John L. Scott Medford
Last Updated: April - 24 - 2026
Broker Attribution: 541-292-2900

Information deemed reliable but not guaranteed.