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250 N Phoenix Rd - 17.39 acres I-5 Interchange land 17.39 Acres of Commercial Land Offered at $15,832,350 CAD in Phoenix, OR 97535
Investment Highlights
- The only undevelped 17 acres prime land off Exit 24 of interstate 5
- Bear Creek, the pond and the wooded area adjacent to subject can be used as amenities for a campus setting 'blue zone' development
- Easy and quick access from Exit 24 of Interstate 5 with ADT 41,000 vehicles a day
- Tax lot 2901 5.54 acres are within the Urban Renewal District of the City of Phoenix providing certain incentives
Executive Summary
Tax lot 2901 to 2 lots subject to partition. This lot is within the PHURA, Phoenix Urban Renewal District
PUD Planned units Development can be applied for a mixed use development disregard of zoning
Pad Lot Subdivision can be done to separate individual lots for separate ownership
Tax lot 3100 abut to Bear Creek, a pond ana a wooded area can be used as amenities for a campus setting
A pedestrian bridge is being planned over Bear Creek to downtown Phoenix
Property Facts
1 Lot Available
Lot
| Price | $15,832,350 CAD | Lot Size | 17.39 AC |
| Price Per AC | $910,428.39 CAD |
| Price | $15,832,350 CAD |
| Price Per AC | $910,428.39 CAD |
| Lot Size | 17.39 AC |
Lot 2901 5.54 acres dissected by Luman Rd to approx 2.36 acres 3.18 acres Zoned CH Highway Comm with IB Interchange Business overlay within Urban Renewal D. Lot 3200 & 3100 7.57 acres; 4.27 acres zoned R3 High Density Residential; Lot 3290 0.1 acre
Description
Madison Bordner, Oregon Commercial Group, CIC International Reality is proud to present this 17 acres prime interchange land off Exit 24 of Interstate 5 with ADT 41,000 vehicles a day quick and easy access with the newer Diverging Diamond Interchange design the only one in Oregon for sale or long term ground lease. Subject is the southwest quadrant of 'interchange Exit 24 of interstate 5 the only undeveloped large parcel of land. The other quadrants are McDonald anchored retail center, Home Depot, La Z Boy, Petro Travel Center, Shell gas station, Peterbuilt Trucks Center, Americas Best Value Inn are other users close by. City of Phoenix, south of city of Medford and north of city of Ashland is in the process of rebuilding after the 2020 Almeda fire. Subject 17 acres w 3 major lots are the 'gateway to the city of Phoenix off Phoenix Exit 24 onto North Phoenix Road. North Phoenix Road connecting from East Medford to hwy 99 and downtown Phoenix. Highest and Best Use is a retirement home community on the 12 acres (lot 3200 & 3100). Hotel or uses taking advantage of the freeway traffic customers. Users should not be fccusing on the City of Phoenix small population but look into massive housing subdivision on land off North Phoenix Road north of Home Depot. North Phoenix Road off this site going north is connecting to East Medford, a preferred area in Medford with Asante Regional Hospital, one of the largest hospitals besides Providence Hospital. Educational focus users and job creation companies are encouraged to be on this site with a nice campus setting. Developer and our team of engineers, architect on standby if you are interested to be on this site. Detail 55 pages information package is available. Contact exclusive commercial broker.
Property Taxes
| Parcel Numbers | Improvements Assessment | $0 CAD | |
| Land Assessment | $0 CAD | Total Assessment | $2,875,029 CAD |
Property Taxes
Presented by
250 N Phoenix Rd - 17.39 acres I-5 Interchange land
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