Lear Way @ Coker Butte Rd - Commercial LAND FOR SALE


Medford, OR 97504 517,928 SF
$5,400,000 USD
541-773-6498
Lear Way @ Coker Butte Rd, Medford, OR for Sale
$5,400,000 USD
Commercial LAND - FOR SALE
1/10
517,928 SF

Lear Way @ Coker Butte Rd
Medford, OR 97504


HIGHLIGHTS

  • 11.89 Acres. For Sale or Lease or Partnership in Development to lease. Sale Price $5,400,000.
  • Great location in upscale area. Next door to home of upscale Lithia Motors, nationally known auto dealerships.
  • High traffic, located on Lear Way, the main access to Wal Mart, Lowes, Safeway, etc. Also, located at the intersection with Coker Butte Road.
  • Great zoning (light industrial) that has a wide variety of uses. Expert says it can easily be changed to commercial Zoning.
  • This lot is the next land to be developed in a large business complex.
  • Located on Lear Way at its intersection with Coker Butte Road. Lear Way runs North/South and is the main access to Wal Mart, Lowes, Safeway, etc.

OVERVIEW

Tax lot 3902, map 371W06, 11.89 acres is for sale for $5,400,000 or lease with the possibility of a partnership in development to lease. This lot is the next land to be developed in a large business complex. These 11.89 acres should be ideal for a shopping mall, an auto dealership or whatever you want as Light industrial is a great zoning to have. located at the corner of busy Lear Way and Coker Butte Rd. Lear Way is our west border and Coker Butte Rd, is our north border. The home of upscale Lithia Motors, nationally known auto dealerships are our neighbors bordering us on our east side. Coker Butte Rd. connects us to busy Crater Lake Hwy, about 150 yards away to our east (stop light). Wal Mart, Lowes, Safeway, etc., are a couple blocks to our south on busy Lear Way. An independent ODOT consultant deemed this property as good a developable property as there is in the state of Oregon due to its size, infrastructure, location, quick access to I-V and Hwy 62 and has all city services, etc. It is located in highly desirable Medford, Or, which is surrounded by 3 mountain ranges, has low rainfall, best climate in Oregon, great golf courses, great medical and educational facilities, hunting, fishing, skiing, couple hour drive to Pacific Ocean and on and on. Our airport is the main airport between San Francisco and Portland which is close by. 200 yards to the airport border and 3.1 miles to the terminal. This property is about a mile to the North Medford I-V Interchange. This property is a premier location for any business wanting to come to Medford. This property is for sale or lease or possible partnership in development to lease. A good way of breaking up the property would be to have the corner lot (a rectangle) as just over 8 acres, another rectangular lot just under 2 acres and a third rectangular lot being 1 acre. The last acre is a road easement on the south edge of this property connecting to Lear Way. Another easement connects this easement (running east) to Crater Lake Hwy.

FOR SALE DETAILS

PRICE

$5,400,000 USD

PRICE/ACRE

$454,164/AC

PRICE/SF

$10 USD /SF

# OF LOTS

-

ON GROUND LEASE

Yes

LAND DETAILS

PROPERTY TYPE

Land

PROPERTY SUBTYPE

Commercial

LAND PROPOSED USE

Auto Dealership, Auto Repair, Bank, Day Care Center, Drug Store, Fast Food, Industrial Park, Office Park, Restaurant, Retail Warehouse, Self-Storage, Service Station, Strip Center, Warehouse

LAND ACRES

11.89 AC

LAND SF

517,928 SF

OFFSITE IMPROVEMENTS

Sewer, Water, Electricity, Gas, Streets, Curb/Gutter/Sidewalk, Cable, Telephone, Irrigation

ZONING

light industrial

APN/PARCEL ID

10975353

ASK ABOUT THIS PROPERTY

Doug OlsonOlson Holdings, LLCMore Info
541-773-6498

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Doug OlsonOlson Holdings, LLCMore Info
541-773-6498

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.