Property Highlights• Located at I-5 near Garfield/Belknap Road
• At Center Drive just south of Garfield Street
• Nearly Flat and at Grade
• Potential for variety of mixed uses: Retail, office, hospitality (motel/hotel), residential (care, assisted living, other), multi-family
• Sale price $6,400,000
Jack H. Gallagher III MCNE
Associate Vice President+1 503 542 5887Portland, Oregon [email protected]
EXCEPTIONAL LAND PARCEL FOR SALE > APPROX. 11.28 ACRES
Medford, OregonCENTER DRIVE AND GARFIELD ROAD MEDFORD, OREGON 97501
COLLIERS INTERNATIONAL851 SW Sixth AvenueSuite 1200Portland, Oregon 97204www.colliers.com
Tom DechenneAssociate Vice President+1 503 542 5878Portland, Oregon [email protected]
SITE
Medford Sports Park
Stewart Meadows Golf Course
Centennial Golf Club
Asante Rogue Regional Medical
Center
SITE
NORTH
To P
ortla
nd
Rogue Valley Manor
Pacific Power
Medford
Ashland
Grants Pass
Medford
To California
Garfi
eld
St.
Under Development
Jack H. Gallagher III MCNE
Associate Vice President+1 503 542 5887Portland, Oregon [email protected]
Medford, Oregon Land For Sale
3 Miles 5 Miles 10 MilesPopulation (2017) 70,578 103,904 154,863
Population(5 Yr Forecast) 75,935 111,997 167,324
Median HH Income $42,192 $43,947 $45,697
Households 28,123 40,634 59,933Number of Businesses 1,799 3,249 4,475
Number of Employees 29,683 49,873 60,878
Demographics
Tom DechenneAssociate Vice President+1 503 542 5878Portland, Oregon [email protected]
Center Drive looking North to Garfield Street Intersection
Zoning Plan
Upon achieving an “up zone” from residential to commerical (CR likely) potential uses would be:
Retail Office
Service Hospitality
Residential Care (Assisted Living, etc.)
Multi-Family (high density)
Height Allowances: Up to 85’ depending on property line setbacks, etc.
Garfield Street
Center Drive
COLLIERS INTERNATIONAL851 SW Sixth AvenueSuite 1200Portland, Oregon 97204www.colliers.com
Superb Opportunity > 11.28 Acres - Medford, OR Land
Estimated Traffic Counts:
Interstate 5 @ Garfield St. ± 37,840 ADT
Center Drive @ Garfield St. ± 25,200 ADT
Rogue Valley Hwy 99 @ Garfield St. ± 21,500 ADT
© 2012-2017 Digital Map Products. All rights reserved. 1
78 feet
Garfi
eld
St.
Center Dr.
SITE
11.28 Acres, Medford, OR
Public transit at Garfield Street and Center Drive close by
Convenient & major users nearby:
• Walmart
• Fred Meyer
• Harbor Freight Tools
• Les Schwab
• Planet Fitness
• Rogue Credit Union
• Starbucks
• Panda Express
• Cracker Barrel Restaurant
• Staples
• Winco Foods
• Rogue Regional Medical Center
• Hilton Garden Inn
• Spring Hill Suites
• Town Place by Marriott
• Walgreens
Sale Price: $6,400,000
Spring Hill Suites
Town Place Marriott Under
Development
37,840 ADT
21,500 ADT
This document has been prepared by Colliers International for advertising and general information only. Colliers International makes no guarantees, representations or warranties of any kind, expressed or implied, regarding the information including, but not limited to, warranties of content, accuracy and reliability. Any interested party should undertake their own inquiries as to the accuracy of the information. Colliers International excludes unequivocally all inferred or implied terms, conditions and warranties arising out of this document and excludes all liability for loss and damages arising there from. This publication is the copyrighted property of Colliers International and/or its licensor(s). ©2018. All rights reserved.
FOR SALE > VACANT MEDFORD COMMERCIAL* LAND
11.28 ACRESCENTER DRIVE AND GARFIELD ROAD MEDFORD, OREGON 97501
SITE
NORTH• Easy access to I-5 and Hwy 99
• Nearly flat, ready to develop
• *Zoning: Presently zoned single family residential, but City encourages Commercial Zone change. Call for details
• Excellent location for mix of commerical/retail, office, hotel, assisted living/care facilities, multi-family, service...
• Sale price: $6.4 million
Looking across site from south to north. Flat with great access.
Town Place Marriott Hotel at Garfield/Center Dr.
Adjacent new development at Garfield and Center Drive to open Fall 2018.
Major Users Nearby:• Walmart• Fred Meyer• Marriott Town Place Hotel• Spring Hill Suites by Mariott• Rogue Federal Credit Union• Harry and David’s Headquarters
• Asante Rogue Medical Facility
Medford
Retail RetailHotel
Rogue Valley Mall