1. Oregon
  2. Medford
  3. 5111 Cherry Lane
$1,350,000

5111 Cherry Lane, Medford, OR 97504

  • Property Icon Land
  • Property Year Built Icon Built in ——
  • Property Lot Size Icon6.97acre lot
  • Property Parking Icon —— car garage
  • Property Price Per Square Feet Icon $——/sqft
  • Property List Date Icon Listed 8 months ago

Property Description

Prime 6.97-acre parcel with potential opportunity for 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.

Listing Status:
Active
Date Added:
December 20, 2024 at 06:00AM
Listing Office:
Millen Property Group : (541) 301-3435
MLS ID:
220193799
  • Road/Access: Paved
  • County: Jackson

This listing courtesy of Millen Property Group

Monthly Payment

$Est. Payment
  • Principal & Interest $
  • Property Taxes $
  • Home Insurance $
  • VA Funding Fee $

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Location

Schools Nearby

H

Hoover Elementary School

2323 Siskiyou Blvd, Medford, OR, 97504

Grades KG-6

3.00 miles away

H

Hedrick Middle School

1501 E Jackson St, Medford, OR, 97504

Grades 7-8

3.65 miles away

S

South Medford High School

1551 Cunningham Ave, Medford, OR, 97501

Grades 9-12

5.92 miles away

Disclaimer: School and School District information courtesy of the National Center for Education Statistics (NCES). School boundaries may change. Proximity to listed schools does not guarantee enrollment eligibility. Contact the school district for more information and exact boundaries.

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