$980,000

Builders, Developers and Investors! Check out this amazing development opportunity in Medford with so much potential! Whether you want to develop multiple fourplexes and sell them individually as investment properties, Build 12 Single family homes, or create a substantial multifamily portfolio with long-term rental income potential. With approximately 87,120 square feet of land, this property provides an opportunity to explore a larger scale residential development in an established Medford location. Currently zoned SFR-6 and adjacent to MFR-20 zoning with an Urban High Density Overlay, the property presents an opportunity to investigate potential rezoning and increased residential density. Previous development concepts have explored the possibility of approximately 40 units, subject to city approval and applicable requirements. Buyer to verify zoning, property uses, utilities, and development possibilities with the City of Medford.