$ 3,600,000
SPRINGBROOK RD Medford, OR 97504
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Listed by RE/MAX Platinum
$ 3,600,000
Est. payment | /mo
3.06 Acres Lot
$ 3,600,000
Est. payment | /mo
3.06 Acres Lot
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Pending
Purchase Type For Sale
MLS Listing ID 24046089
Annual Tax Amount $7,539
Tax Year 2023
Lot Size 3.060 Acres
Property Description
Rare opportunity for a builder to acquire a high-density multi-family development located within an infill location in one of the most desirable parts of Medford. Entitlements have been completed and approved for a 168-unit apartment complex. Property is situated next to a public parkand Kennedy Elementary School, offering convenient access to both recreational and educationalfacilities, ensuring a desirable living environment close to essential amenities. There is asignificant undersupply of housing within the Rouge Valley which will further enhance the end value.No comparable opportunities are available in terms of size and location. This is the last parcelavailable in this area.
Location
State OR
County Jackson
Area _801
Zoning MFR-20
Exterior
Utilities Available CableAvailable, ElectricityAvailable, NaturalGasAvailable, PhoneAvailable, WaterAvailable
Waterfront No
View City
Garage No
Building
Lot Description Cul_de_sac
Schools
Elementary Schools Kennedy
Middle Schools Hedrick
High Schools North Medford
Others
Acceptable Financing Cash
Listing Terms Cash
