4195 Rachel WayMedford, OR 97504

Property Details for 4195 Rachel Way

Lot size

35.47 AC

Property type

Land

Description

This exceptional 35.47-acre parcel in Medford, Oregon, presents a unique opportunity for large-scale residential development. Located at 4195 Rachel Way, 97504, this property boasts breathtaking views of vineyards, Roxy Ann, Mount Ashland, Table Rock, and city lights. Significant groundwork has already been completed, streamlining the development process. The property has secured approvals for annexation, zoning changes, and a temporary subdivision plat, significantly reducing time and costs associated with typical land development. City street access, sewer, and water are available at three convenient locations. Furthermore, comprehensive civil engineering for streets, sidewalks, sewer, and storm drains is finalized. A thorough traffic study and geotechnical engineering, including soil sampling, are also complete, fulfilling all city requirements for development on this specific topography. The approved temporary subdivision plat outlines a four-phase development plan with the potential to create 70+ residential lots. This flexible plan can be tailored to meet the specific needs of the buyer. The asking price is $6,000,000, translating to $169,157 per acre. This is a truly remarkable opportunity to acquire a ready-to-develop residential land parcel in a desirable location. The permitted zoning is OSR.

Location Insight

City

Medford

County

Jackson

State

Oregon

Latitude

42.3432

Longitude

-122.814

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