About Cherry Lane
An opportunity to own 1% of the total land area of Medford, Oregon - welcome to The Highlands. 167-acres on one tax lot, The Highlands is tucked in the East Medford hills & commands the most desirable location & views. Ideally situated for a luxury development site, there is a grandfathered PUD laying out 800+ units of detached SFR, condos, & townhomes as well as senior living facilities & multifamily sites. Developers could utilize The Highlands to deliver a market-defining project. Combining world-class views with convenience, each residence located within The Highlands will be <10 mins to grocery, dining, Asante hospital, recreation, & <15 mins to RV Intl. Airport & I-5 access. Sharing a property line, Prescott Park offers 17+ miles of public trails next door. Utilities are stubbed/close, believed to have adequate capacity for the first few phases of development. Take advantage of great demographics and a growing market with The Highlands! Buyers to complete all due diligence.
Features of Cherry Lane
| MLS® # | 220179075 |
|---|---|
| Price | $9,800,000 |
| Acres | 167.00 |
| Type | Land |
| Sub-Type | Residential Lots |
| Status | Active |
Community Information
| Address | Cherry Lane |
|---|---|
| Subdivision | N/A |
| City | Medford |
| County | Jackson |
| State | OR |
| Zip Code | 97504 |
Amenities
| Utilities | Cable Available, Electricity Available |
|---|---|
| View | Cascade Mountains, City, Creek/Stream, Mountain(s), Neighborhood, Panoramic, Park/Greenbelt, Ridge, Territorial, Valley |
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Adjoins Public Lands |
|---|
School Information
| Elementary | Hoover Elem |
|---|---|
| Middle | Hedrick Middle |
| High | North Medford High |
Additional Information
| Date Listed | March 22nd, 2024 |
|---|---|
| Days on Market | 287 |
| Zoning | SFR-4 |
Listing Details
| Office | Merit Commercial RE, LLC |
|---|