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4702 Industry Dr - Opportunity Zoned Comm-Central Point, OR.

0.95 Acres of Industrial Land Offered at $593,920 CAD in Central Point, OR 97502

Executive Summary

So much development potential on this prime Opportunity Zone Commercial Property nestled near the Rogue Valley International Airport on Vilas Road. Expansive corner parcel, spanning almost 1 acre, within a thriving industrial location, surrounded by flourishing businesses. Convenient proximity to the new expressway and airport. Utilities on-site or close by.
Designated in an active Opportunity Zone, presenting a valuable tool for economic development. Investors stand to benefit, as these zones often allow deferral, reduction, or elimination of taxes on unrealized capital gains.
For those considering ownership, the owner may entertain an appealing option—considering an owner carry with 50% down, short term (36 months), and a 6% interest-only arrangement with a balloon payment. It's a unique opportunity for savvy investors.
Buyers are encouraged to independently verify all listing information and do their own due diligence.
For your convenience, follow the directions: From Crater Lake Hwy, make a turn onto East Vilas Road, then proceed left onto Industry Drive. Explore this promising property and seize the potential it holds.

Property Facts

Price $593,920 CAD
Sale Type Investment or Owner User
Sale Conditions Redevelopment Project
No. Lots 1
Property Type Land
Property Subtype Industrial
Total Lot Size 0.95 AC
Opportunity Zone Yes

1 Lot Available

Lot

Price $593,920 CAD
Price Per AC $625,179 CAD
Lot Size 0.95 AC

CENTRAL POINT, OR.- Opportunity Zone .95 acre, near airport on Vilas Road in thriving industrial area, close to expressway. Utilities on-site. Tax benefits in active Opportunity Zone. Owner may consider carrying with acceptable terms.

Description

Corner parcel is located close to the airport off Vilas Road. This industrial area has many other commercial businesses and is almost 1 acre of land. Close to the new expressway, Rouge Valley International airport and centrally located.

PROPERTY TAXES

PROPERTY TAXES

Parcel Number
10944263
Land Assessment
$252,707 CAD
Improvements Assessment
$0 CAD
Total Assessment
$252,707 CAD

zoning

Zoning Code Medford I-L (Contact Listing Broker, Tony Nunes (541)840-0342 for zoning information)
Medford I-L (Contact Listing Broker, Tony Nunes (541)840-0342 for zoning information)
  • Listing ID: 30624239

  • Date on Market: 2024-01-10

  • Last Updated:

  • Address: 4702 Industry Dr, Central Point, OR 97502

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