1816 E Vilas Road Medford, OR 97502
Listing Courtesy of: Southern Oregon MLS / Windermere Trails End Real Estate, LLC / Mike Malepsy
$18,900,000
209.39
ACRES
Active (38 Days)

Comments

Presenting a rare opportunity to acquire a sizeable mixed-use development property in Southern Oregon! 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 Coker Butte Development Plan consists of approx. 210-AC. Of that, the current owners have entered into a gift pledge agreement with both the Medford School District to donate 20-AC for a future school site and the Medford Parks & Recreation Foundation to donate approx 23.5-AC for park land. The remaining approx 166.5-AC has been master planned to allow for 105-AC of residential development and 61.5-AC of commercial development. An existing 2-bdrm, 2-bath home sits on the North end of the property, which is currently rented. Broker owned.

MLS #
2994172
Lot Size
209.39 acres
Type
Land
County
Jackson County
   
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Estimated Monthly Mortgage Payment

*Based on Fixed Interest Rate withe a 30 year term, principal and interest only

Listing price
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Disclaimer: Square footage is based on information available to agent, including County records. Information has not been verified by agent and should be verified by buyer.
Ann  Crumley
Ann Crumley