Medford Land for Sale
EXECUTIVE SUMMARY — PRICE IMPROVED $175,000 | MOTIVATED SELLER
The Vilas Road Industrial Assemblage presents a rare ±9.88-acre Light Industrial holding along East Vilas Road in Medford, Oregon — one of Southern Oregon's most active and supply-constrained industrial corridors. Recently reduced from $2,875,000 to $2,700,000 (±$291K/acre), the offering is now priced at a meaningful discount to the Medford-area average of $352,347/acre — and the seller is motivated. Located minutes from Interstate 5, Highway 62, and Rogue Valley International–Medford Airport, the property combines in-place income, redevelopment flexibility, and long-term appreciation potential amid strong absorption and sustained investor demand.
The offering consists of four contiguous parcels with ±480 LF of E. Vilas frontage and shared access via a 66-foot driveway, forming a unified industrial site with full utilities, level topography, and zoning that supports a broad range of low-impact manufacturing, warehousing, contractor yard, and service-oriented uses.
Current Income & Improvements
Existing improvements provide steady income while preserving future development optionality. The property includes a ±1,800 SF leased commercial building with 3-phase power, three supplemental meters, and 4 RV hookups, plus a rented mobile home — generating $3,100/month ($37,200+ gross annual) in combined income ($2,200 commercial + $900 residential). The adjacent 605 E. Vilas Rd parcel includes a 1,852 SF residence (1965) and a 1,184 SF ADU — currently vacant, with L-I land value as the primary driver. Buyer to verify permitting pathways with Jackson County. An additional 2.41-acre unimproved parcel at 61 E. Vilas and 3.95 acres of surplus land at 579 E. Vilas are development-ready.
Zoning, Utilities & Infrastructure
All parcels are zoned L-I (Light Industrial) under Jackson County, located within the Medford Urban Growth Boundary, with no floodplain constraints (buyer to verify overlays). The site also carries Opportunity Zone designation, offering long-term tax-advantage potential for qualifying capital gains. Zoning supports fabrication, assembly, distribution, storage, contractor operations, and multi-tenant flex. Public sewer, Avista natural gas, and robust electrical infrastructure (3-phase + single-phase) are in place, with public water connection available. Level topography supports efficient site planning with minimal prep.
Strategic Location & Market Context
East Vilas Road carries 12,238 VPD (Esri 2025), with Hwy 62 carrying 28,100–29,300 VPD approximately one mile north. Within a 1-mile radius: 217 businesses, 3,264 workers, and $869M in annual sales — confirming an established industrial hub. Major demand anchors within two miles include Costco, the 2024 Amazon Distribution Center, Medford Airport, and I-5 / Hwy 62. A 9.47-acre RV and boat storage facility directly across the street confirms real-time submarket demand.
Southern Oregon's industrial market remains characterized by tight vacancy, limited new supply, and rising rents. L-I land values have appreciated 25–30% from 2024 to mid-2025, small industrial buildings now trade at $300–325/SF, and flex/small-bay vacancy is near zero. With land near the airport and central Medford increasingly constrained, East Vilas Road stands out as one of the few remaining corridors offering both scale and accessibility.
Investment Overview
Offered at $2,700,000 following a recent $175,000 price improvement, the Vilas Road Industrial Assemblage delivers a compelling blend of income, infrastructure, and redevelopment upside. Viable strategies include owner-user occupancy, phased contractor yard / IOS buildout, multi-tenant flex park development, or long-term land bank / 1031 exchange hold benefiting from continued corridor maturation and Opportunity Zone tax treatment.
Summary
With scale, visibility, full utilities, flexible L-I zoning, Opportunity Zone designation, and proximity to major regional anchors, this assemblage represents one of the most strategic remaining industrial tracts along East Vilas Road — well positioned for industrial users, developers, and investors seeking durable cash flow and meaningful upside in a high-demand Medford submarket. Seller is motivated — bring offers.