About 5111 Cherry Lane
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.
Features of 5111 Cherry Lane
| MLS® # | 220193799 |
|---|---|
| Price | $1,350,000 |
| Acres | 6.97 |
| Type | Land |
| Sub-Type | Residential Lots |
| Status | Active |
Community Information
| Address | 5111 Cherry Lane |
|---|---|
| Subdivision | N/A |
| City | Medford |
| County | Jackson |
| State | OR |
| Zip Code | 97504 |
Amenities
| Utilities | Electricity Available, None |
|---|---|
| View | Cascade Mountains, City, Mountain(s), Neighborhood, Panoramic, Territorial, Valley |
| Is Waterfront | No |
Interior
| Fireplace | No |
|---|
Exterior
| Lot Description | Corner Lot, Pasture, Sloped |
|---|
School Information
| Elementary | Hoover Elem |
|---|---|
| Middle | Hedrick Middle |
| High | South Medford High |
Additional Information
| Date Listed | December 19th, 2024 |
|---|---|
| Days on Market | 191 |
| Zoning | SFR-00 |
Listing Details
| Office | Millen Property Group |
|---|