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605 E Vilas Rd
Central Point, OR 97502
Land For Sale
·
7.47 AC
INVESTMENT HIGHLIGHTS
- 7.47-Acre Assemblage with three contiguous parcels and 480 feet of frontage on E Vilas Road
- Income-producing ±1,800 SF commercial building + rented mobile home ($3,100/mo)
- Zoned L-I within Medford UGB; flexible use potential & future annexation opportunity
- Utilities in place & level topography simplify future site design
- Vacant 1,852 SF residence + 880 SF ADU ideal for conversion or redevelopment
- High-growth East Vilas Rd corridor near Costco & Amazon (2024); prime visibility with I-5 and airport access—12,600+ VPD.
EXECUTIVE SUMMARY
The offering includes three contiguous parcels totaling approximately 480 feet of East Vilas frontage with direct access via a shared 66-foot driveway. Together, they form a unified industrial site featuring full utilities, level topography, and zoning that supports a wide range of low-impact manufacturing, warehousing, contractor yard, and service-oriented uses.
Current Income & Improvements
Existing improvements generate steady income while preserving redevelopment options. The site includes a ±1,800 SF leased commercial building with 3-phase power and three supplemental single-phase meters, plus a rented mobile home, producing a combined $3,100 per month ($2,200 commercial + $900 mobile). The adjoining 605 E. Vilas Rd parcel includes a 1,852 SF residence and 880 SF ADU, both vacant and ideal for conversion or new industrial build-out. This configuration allows an owner-user or investor to offset holding costs while pursuing phased redevelopment or expansion.
Zoning & Entitlement Potential
All parcels are zoned L-I (Light Industrial) under Jackson County and located within the Medford Urban Growth Boundary—free of floodplain, airport, or historic overlays. The zoning provides broad flexibility for fabrication, assembly, distribution, storage, and contractor operations. Future annexation into the City of Medford remains possible, offering additional entitlement pathways and potential zoning enhancements that could further increase development density and long-term value.
Utilities & Infrastructure
The site is fully serviced by public sewer, Avista natural gas, and both 3-phase and single-phase power, with public water connection available (transitioning from shared well use). Flat topography simplifies site planning and infrastructure layout, supporting efficient buildout for a range of industrial or flex-use concepts.
Strategic Location Advantage
East Vilas Road carries over 12,600 vehicles per day, offering high visibility and direct access to the region’s transportation network. The corridor continues to attract contractors, logistics operators, and light manufacturers seeking well-located industrial space near workforce and distribution routes. Regional anchors such as Costco and the Amazon Distribution Center (2024)—both within two miles—reinforce the corridor’s strength and drive sustained demand for surrounding industrial sites.
Nearby development activity includes a new 9.47-acre RV and boat storage facility directly across the street at 576 E. Vilas Rd, underscoring proven demand for storage and service-based industrial uses. Planned transportation improvements under the City of Medford’s 2025 Transportation System Plan will further enhance connectivity and long-term development potential in the Vilas corridor.
Market Context
Southern Oregon’s industrial sector continues to exhibit tight vacancy, limited new supply, and increasing rents—conditions that have driven strong investor and owner-user interest in well-located Light Industrial properties. With land availability near the airport and central Medford nearly built out, East Vilas Road remains one of the few remaining corridors offering both scale and accessibility.
Investment Overview
Offered at $2,200,000, the Vilas Road Industrial Assemblage delivers a compelling combination of income, infrastructure, and redevelopment upside. Investors may hold for appreciation, develop a multi-tenant industrial park, or occupy existing improvements while banking surplus land for future expansion. Multiple strategies are viable:
Owner-User Occupancy: Utilize existing buildings or redevelop for custom facilities.
Phased Redevelopment: Convert residential structures and consolidate into modern flex or warehouse spaces.
Long-Term Hold: Retain income and benefit from sustained land appreciation as the corridor matures.
Summary
Combining scale, utilities, visibility, and income, this assemblage stands as one of the most strategic remaining industrial tracts along East Vilas Road. With full infrastructure, 12,600 VPD traffic counts, flexible L-I zoning, and proximity to major regional anchors, the property provides exceptional positioning for
PROPERTY FACTS
1 LOT AVAILABLE
Lot
| Price | $3,043,458 CAD | Lot Size | 7.47 AC |
| Price Per AC | $407,424.08 CAD |
| Price | $3,043,458 CAD |
| Price Per AC | $407,424.08 CAD |
| Lot Size | 7.47 AC |
Level ±7.47-acre Light Industrial assemblage comprising three contiguous parcels with ±480' frontage along East Vilas Road. The property includes public sewer, Avista natural gas, 3-phase and single-phase power, and connection available to public wat
DESCRIPTION
The Vilas Road Industrial Assemblage offers a distinctive ±7.47-acre Light Industrial opportunity positioned along Medford’s rapidly expanding East Vilas Road corridor—one of Southern Oregon’s most active and tightly held industrial submarkets. With prime frontage, strong visibility, and access to full utilities, the property provides an exceptional foundation for investors, developers, and owner-users seeking flexibility, income, and long-term value creation. Comprising three contiguous parcels totaling approximately 480 feet of East Vilas frontage, the site benefits from level topography and a shared 66-foot driveway allowing direct ingress and egress. The property is located just minutes from Interstate 5, Highway 62, and the Medford Airport, offering direct connectivity to the region’s primary transportation and distribution routes. Functional improvements support both income and usability. A ±1,800 SF leased commercial building with 3-phase power and supplemental meters, together with a rented mobile home, generates approximately $3,100 per month in existing revenue. The adjacent parcel at 605 E. Vilas Road features a 1,852 SF residence and 880 SF ADU, both vacant and well-suited for adaptive reuse or new industrial buildout. The layout enables phased redevelopment, continued lease income, or an owner-user conversion strategy. Zoned L-I (Light Industrial) under Jackson County jurisdiction and located within the Medford Urban Growth Boundary, the property supports a wide array of low-impact industrial and service-oriented activities such as light manufacturing, warehousing, contractor operations, and storage uses. Future annexation into the City of Medford remains possible, creating an avenue for expanded entitlement and long-term zoning flexibility. Full infrastructure is in place, including public sewer, Avista natural gas, 3-phase and single-phase power, and public water connection availability. The surrounding corridor has emerged as a key growth node, highlighted by regional anchors such as Amazon’s Distribution Center (completed 2024) and Costco, both within two miles. A new 9.47-acre RV and boat storage facility directly across the street further underscores the corridor’s proven demand for industrial and storage-based development. Offered at $2,200,000, the Vilas Road Industrial Assemblage blends scale, visibility, and utility in a location poised for continued growth. Whether held for investment, redeveloped into a multi-tenant industrial park, or utilized by an owner-operator, this rare assemblage presents one of the most strategic industrial opportunities in the Medford market today.
PROPERTY TAXES
| Parcel Numbers | Improvements Assessment | $195,875 CAD | |
| Land Assessment | $573,356 CAD | Total Assessment | $769,230 CAD |
PROPERTY TAXES
