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Active
5111 Cherry LN Medford, OR 97504
303,613 SqFt
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Residential Lots
Listing Status Active
Purchase Type For Sale
Square Footage 303,613 sqft
Price per Sqft $4
MLS Listing ID 220193799
Annual Tax Amount $2,758
Lot Size 6.970 Acres
Acres 6.97
Lot Dimensions 6.97
Property Sub-Type Residential Lots
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.
Location
State OR
County Jackson
Direction North Phoenix, head east on Cherry. Property is at the large curve on the left, see map.
Exterior
Utilities Available Electricity Available, None
Garage No
Building
Lot Description Corner Lot, Pasture, Sloped
Water None
Schools
High Schools South Medford High
Others
Senior Community No
Tax ID 10721991
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Standard
Listed by Millen Property Group