Orchard Home Development
Residential and commercial/multifamily development land in SW Medford
Welcome to the Orchard Home Drive development, an amazing opportunity for both residential and commercial development. Having been added to the UGB in 2020, this property is one of only a handful of available development pieces in the Medford MSA. It's estimated that it will be upwards of 20 years before there is another UGB expansion, all but guaranteeing demand for new housing remains elevated with competition minimal.
The residential offering encompasses ± 19.20 acres, including ± 5.10 acres of required open space allotment. The project is expected to have SFR-10 zoning, allowing for 10 dwelling units/acre, as well as even higher density for small multifamily or attached townhome product.
The commercial offering will allow for typical commercial development and/or a multifamily component, with a density between 20-30 units/acre. With regards to multifamily, the "apartments over retail" style is gaining popularity in the area (e.g. Twin Creeks in Central Point), as well as a pure garden style walk-up multifamily product (e.g. Northgate Village in Medford).
Buyer to do all due diligence regarding the requirements and associated costs of development (including but not limited to applications, permits, improved access, required offsites, utility availability and extension, etc.). Please note that any density/configuration is subject to final approval.
Residential Offering (±19.21 Acres)
Offered at $1,895,000
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Commercial Offering (±5.30 Acres)
Offered at $895,000
Available separately or together for a combined ±24.51 acres.
See Offering Memorandum for additional information
For more information, contact us anytime at:
(541) 944-9967 / caspian@merit-commercial.com