250 Fern Valley Rd, Phoenix, OR 97535

Madison Bordner & Associates, Oregon Commercial Group, CIC International Realty presents 17.39 acres prime land off exit 24 of Interstate 5, City of Phoenix, Oregon FOR SALE or long term Ground Lease.

First time on the market after years. One of the remaining significant prime land for users off exit 24 of Interstate 5 at the City of Phoenix south of City of Medford and north of City of Ashland, Southern Oregon. Southern Oregon is one of the fastest growing region. City of Phoenix, after the 2020 Almeda fire burning down most of the city. The city is in the process of rebuilding to a new modern destination City.

Prime 17.39 acres SW quadrant of Exit 24 of Interstate 5. Rare Opportunity for users benefiting from high traffic of I-5 (ADT 51,000) with Direct Visibility of Interstate 5. Other quadrant users include Home Depot, La-Z-boy, Petro Travel Center, McDonald fast food, Shoppes at Exit 24 (retail shopping center). Peterbilt and Americas Best Value Inn. A new Starbuck is down the street closer to Hwy 99, a thoroughfare parallel to Interstate 5. A pedestrian bridge is suggested to be built over Bear Creek to downtown Phoenix from tax lot 3100. A re-built all age mobile home park is adjacent to the land with 210 units.

17.39 Total Acres, 3 major lots: 2901 and Lot 3200, 3100 as a group. Tax lot 2901 is separated by Luman Road into 2 sections and can be sold separately by partition. Pad lot subdivision with different size lots can be done for separate users at the total land.

Tax lot 2901: 5.54 acres C - H, highway commercial zoned with IB, Interchange Business overlay is being separated by Luman Road by ODOT years ago while building the diverging diamond interchange. This prime commercial zoned lot best for hotel, restaurant, grocery store, travel center. Tax lot 2901 is within the Phoenix Urban Renewal Agency boundary providing certain incentives for development.

Tax lot 3200; 7.57 acres zoned R -3 High Density Residential, Tax lot 3100: 4.27 acres also zoned R-3. PUD, Planned Unit Development is recommended for mixed use for the whole site. PUD allows different types of uses disregard of current zoning. IB, Interchange Business overlay on current zoning due to close proximity to interstate 5.

The land benefits from the newer state of the art diverging diamond interchange (Exit 24 of Interstate 5), the first of its kind in Oregon. It was designed to keep traffic flowing, increase safety for drivers, bikers, pedestrians and reduces congestion.

Tax lot 3200 and 3100 best to develop to ‘Blue Zone’ Campus Setting with the adjacent Pond, Bear Creek and the wooded area as amenities for a 300 units retirement residential community.

Highest and Best Use is for users focusing on job creation and education uses or uses taking advantage of quick and easy access and high visibility from Interstate 5. but not to depends on the 4,500 population of the City of Phoenix, despite the city will be growing leap and bound in the upcoming years.

National credit users and other users who requires one acre, 3 acres, 5 acres and the like are encouraged to contact Madison Bordner to sign a non-binding LOI, Letter of Intent so a master preliminary site plan and a pad lot subdivision can be done for lot line adjustment for each user to purchase their own lots. Long term ground lease, i.e. 40 years or 99 years are available for qualified credit users.

Serious users/buyer/developer please contact Commercial RE broker Madison Bordner for a detail 53 pages information package. Detail information includes but not limits to price breakdown for each parcel with different zoning and other information. We have teams of architects, engineers and contractors on standby for your needs.