4900 CHERRY LN, Medford, OR 97504

Property Description

Great development / investment property with fantastic views. Located in a desirable and sought after area of Medford right next to newer upscale subdivisions and just down the road from the Rogue Valley Country Club. It is split between lower density development (up to 6 homes per acre), and higher density (up to 10 homes per acre). These mixed subdivisions have been very successful in the area and allow for some larger upscale homes and some smaller more affordable homes to be built. The adjacent subdivision has already brought the sewer close by and according to the city it should be easy and low cost for this development to connect. The county has the real market value at over $6 million. This is a great deal on some of the best development land in Medford. Develop it now or just put it in your portfolio and watch the value grow as the surrounding land is developed! The city is planning on building a pump station to bring water to this area in a few years or they would work with developers and surrounding land owners to get it done sooner and develop a plan to help recoup the upfront costs as homes pay to connect to the water supply. Either way, this property will do nothing but increase in value as time goes on and infrastructure continues to be built all around it. Get it now while you can. Buyers to do their due diligence on all aspects of the property and potential uses.