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0 Orchard Home - Orchard Home Development

19.21 Acres of Commercial Land Offered at £1,482,743 in Medford, OR 97501

Executive Summary

Welcome to the Orchard Home Drive development, an amazing opportunity for both residential and commercial development. Having been added to the UGB in 2020, this property is one of only a handful of available development pieces in the Medford MSA. It's estimated that it will be upwards of 20 years before there is another UGB expansion, all but guaranteeing demand for new housing remains elevated with competition minimal.
The residential offering encompasses ± 19.20 acres, including ± 5.10 acres of required open space allotment. The project is expected to have SFR-10 zoning, allowing for 10 dwelling units/acre, as well as even higher density for small multifamily or attached townhome product.
Buyer to do all due diligence regarding the requirements and associated costs of development (including but not limited to applications, permits, improved access, required offsites, utility availability and extension, etc.). Please note that any density/configuration is subject to final approval.

Property Facts

Price £1,482,743
Sale Type Investment
No. Lots 1
Property Type Land
Property Subtype Commercial
Proposed Use Single Family Development
Total Lot Size 19.21 AC

1 Lot Available

Lot

Price £1,482,743
Price Per AC £77,186
Lot Size 19.21 AC

zoning

Zoning Code EFU (Currently Exclusive Farm Use (EFU) zoning. Following PUD, zoning is slated to become Urban Residential (UR).)
EFU (Currently Exclusive Farm Use (EFU) zoning. Following PUD, zoning is slated to become Urban Residential (UR).)
  • Listing ID: 30143875

  • Date on Market: 21/11/2023

  • Last Updated:

  • Address: 0 Orchard Home, Medford, OR 97501

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