605 E Vilas Rd
Central Point, OR 97502
Terrain À vendre · 7,47 AC

Vilas Road Industrial Assemblage offers a rare opportunity to acquire a ±7.47-acre Light Industrial holding along East Vilas Road in Medford, Oregon—one of Southern Oregon’s most active and supply-constrained industrial corridors. Strategically positioned minutes from Interstate 5, Highway 62, and the Medford Airport, the property combines immediate income, redevelopment flexibility, and long-term appreciation potential in a corridor experiencing strong absorption and sustained investor demand.
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