4000 Lear Way, Medford, OR 97504

Premium Location - Corner Lot about 11 usable acres PRICE REDUCTION 1

Premium Location - Corner Lot about 11 usable acres PRICE REDUCTION 1 thumbnail

4000 Lear Way near Coker Butte Rd.

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538402ft²

land

no laundry on site

off-street parking

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Tax lot 3902, Map 371W06, is 11.89 acres with an address of about 4000 Lear Way, Medford, OR 97504. It is a great location with Lear Way as its west border, Coker Butte Rd. is its north border and upscale Lithia Motors (NYSE) is on its east border. It is just north of Wal Mart, Lowes, Safeway, etc., via busy Lear Way. Crater Lake Hwy (stop light) is about 75 yards east via Coker Butte Rd. Zoning is Light Industrial which is a great zoning to have (restaurants, fast food, office buildings, banks, warehouses, industrial complexes, office complexes, etc.). An astute real estate pro told me that changing the zoning to commercial should be very doable. Maybe a classy high rise with posh restaurant at top floor. Maybe townhouses. This 12 acre parcel is available for sale, for lease or possible partner in development to lease out. All utilities are to the property. It is the next land to be developed in this large business complex. Note that map does not show that the 62 Highway By Pass has been completed along with both Lear Way and Coker Butte Rd. being extended well beyond the property. Price reduction to $4,500,000. It appears that best use of property would be to divide into lots of 8.02 acres, 2.86 acres and 1.01 acres. ODOT consultant said this property is as good a property to be developed as any property in Oregon.
Medford has best weather in Oregon, you can play golf all year long, it is a great place to live with great medical, great schools (K-12, plus community college and 4 + year college 12 miles away), great golf courses, hunting, fishing, water skiing, snow skiing, mountain lakes, short drive to Pacific Ocean and on and on. Airport is main airport between San Francisco and Portland. Medford’s population is less than 100,000 and it is far away from the problems of Portland and Seattle.

post id: 7904688241

posted: 2025-12-26 07:56

updated: 2026-01-02 23:42

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$4,500,000 / 538402ft2 - Premium Location - Corner Lot about 11 usable acres PRICE REDUCTION (Medford)

4000 Lear Way, Medford, OR 97504

$4,500,000 / 538402ft² - Premium Location - Corner Lot about 11 usable acres PRICE REDUCTION (Medford)