Medford, OR 97504,5111 CHERRY LN
Medford, OR 97504,5111 CHERRY LN
Medford, OR 97504,5111 CHERRY LN
Medford, OR 97504,5111 CHERRY LN
Medford, OR 97504,5111 CHERRY LN
Medford, OR 97504,5111 CHERRY LN
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Listed by Millen Property Group
$ 1,350,000
Est. payment | /mo

6.97 Acres Lot


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$ 1,350,000
Est. payment | /mo
Save

6.97 Acres Lot

Key Details

Property Type Vacant Land

Sub Type Mixed Use

Listing Status Active

Purchase Type For Sale

MLS Listing ID 24418854

Annual Tax Amount $2,758

Tax Year 2024

Lot Size 6.970 Acres

Property Description

Prime 6.97-acre parcel with 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

Area _801

Zoning MFR-15

Exterior

Utilities Available SeeRemarks

View City, Mountain, Valley

Garage No

Building

Lot Description Cleared, Corner Lot, Public Road

Schools

Elementary Schools Hoover

Middle Schools Hedrick

High Schools South Medford

Others

Acceptable Financing Cash, Conventional

Listing Terms Cash, Conventional

Regional Multiple Listing Service (RMLS)
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5111 CHERRY LN