4692 Crater Lake Avenue 600
Prime 12-acre Opportunity Zone site, zoned commercial/multifamily for up to 300 units
Marketing description
Development has begun on this exceptional 12-acre development opportunity featuring approved commercial and apartment zoning within an Opportunity Zone. Design your custom apartment complex with the potential for approximately 300 residential units, ideally situated on the outskirts of Medford. This strategic location offers immediate tax advantages alongside strong long-term growth potential in an increasingly desirable market. Positioned within an established commercial zone and supported by an additional 180 acres of future development, the site presents outstanding possibilities--including long-term plans for a potential regional mall. Invest in scale, vision, and lasting value in a high-growth corridor primed for expansion.
Investment highlights
Land Size: Land Size: 12 acres (supports 300 units at 25 units/acre).
Location: Part of 200 acres Medford’s city expansion plan; limited developable land available in Rogue Valley.
Tax Benefits: Opportunity Zone (tax-free gains after 10 years). Market Edge: $1,408/month average rent with 8.47% YoY growth in premium submarkets.12 acres (supports 300 units at 25 units/acre).
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