Medford, OR Property For Sale and Lease

Marcus & Millichap's Brown Retail Group has been exclusively selected to market for sale a drive-thru permitted development site adjacent to a high-volume grocery store in Medford, OR. The 0.68 acre lot is equipped with multiple ingress and egress access points and includes ample space for parking. The Property is zoned C-R (Regional Commercial) which permits numerous commercial uses including nearly all retail, office and public administration uses. Located less than 5 minutes from the southern I-5 entry/exit point and directly between northbound and southbound Hwy 99, the main north/south arterial through Medford, the Property features excellent visibility and exposure to over 29,600 VPD. The Property is located across the street from a strong performing Winco Foods featuring in excess of 1,600,000 visitors per year and which saw a 9% increase in customer traffic year-over-year (Placer.ai). The Medford retail and office markets are health and growing with retail rents increasing more than 10% in the last 3 years and office rents increasing 9% in the same time. Within a 5-mile radius of the Subject Property, there are over 116,000 residents. Since 2010, the surrounding area has grown by nearly 12%.

- Prime Location: Strategically positioned along a major arterial road, ensuring high visibility and easy accessibility for both local traffic and passing travelers.

- Vast Acreage: Boasting an expansive 43.85 acres, this site provides ample space for a diverse range of retail and commercial developments, accommodating a variety of businesses and activities.

- Blank Canvas: The property's vacant status presents a blank canvas for innovative developers to bring their unique visions to life, unrestricted by pre-existing structures.

- Mixed-Use Potential: Zoned for retail and commercial uses, the site offers the flexibility to create a dynamic mixed-use development that seamlessly integrates retail shops, dining establishments, and office spaces.