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Southern Oregon Development Opportunity Approximately 210 Acre Mixed-Use Development Property in Medford, Oregon

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Southern Oregon Development Opportunity Approximately 210 Acre Mixed-Use Development Property in Medford, Oregon Southern Oregon Development Opportunity Approximately 210 Acre Mixed-Use Development Property in Medford, Oregon William L. Leever | Principal Broker Mike Malepsy | Principal Broker/Owner Pulver & Leever Real Estate Company Windermere Trails End Real Estate, LLC Office: 541-773-5391 | Cell: 541-601-2752 Office: 541-878-2249 | Cell: 541-840-1424 [email protected] [email protected] Total Project Size: Approximately 210 Acres Developable Acreage: Approximately 166.5 Acres • 105 acres of residential development land • 61.5 acres of commercial development land • 20 acres to be donated to the Medford School District • 23.5 acres to be donated to the Medford Parks & Recreation Officially located within Medford’s Urban Growth Boundary The Offering Urbanization and Annexation process currently in progress One-of-a-kind development opportunity in beautiful Southern Oregon now available! The property is located within the newly-amended Coker Butte Development Urban Growth Boundary with a conceptual master development plan Price: $18,900,000 in place. Southern Oregon has experienced tremendous growth with extremely high demand for new housing and commercial property. 2 Coker Butte Development Opportunity Conceptual Site Plan Medford is located on Interstate 5, midway between San Francisco and Portland and serves as Southern Oregon’s anchor of commerce and tourism. LEGEND COKER BUTTE DEVELOPMENT Civil Engineering CONCEPTUAL SITE PLAN Water Rights Coker Butte Development Opportunity 3 Project Overview Project Summary Transportation Presenting a rare opportunity to acquire a sizeable mixed-use develop- The proposed Coker Butte Development is supported by a strong ment property in Southern Oregon! Known as Coker Butte Development, network of higher and lower order streets that intertwine to provide suffi- the project is the result of the recent culmination of a years-long regional cient capacity for a fully-developed residential and commercial mixed-use planning process. The property has now been included within the City plan. Through a cooperative effort with the City of Medford, streets and of Medford’s Urban Growth Boundary making it eligible for development. intersections have been designed to efficiently disperse traffic, minimize The Urbanization and Annexation process is currently underway, as is a congestion and maximize access. As growth occurs and traffic volumes wetlands study. increase, the OR 62 bypass, which opens in 2018 and runs parallel to existing OR 62, Table Rock Road, and Crater Lake Avenue, is expected The overall Coker Butte Development Plan consists of approx. 210 acres. to preserve capacity on surrounding streets and intersections through a Of that, the current owners have entered into a gift pledge agreement 20-year planning horizon. with both the Medford School District to donate 20 acres for a future school site and the Medford Parks and Recreation Foundation to donate Utility Availability approx. 23.5 acres for parkland. The remaining approximately 166.5 acres has been master planned to allow for 105 acres of residential The following utility information was provided by property owner’s con- development and 61.5 acres of commercial development. An existing sultants. Buyer is recommended to do its own due diligence to verify the 2 bedroom 2 bath home sits on the North end of the property, which is accuracy and completeness of this information. currently rented. • City of Medford Water – Due to the elevation differences, the prop- The property is located in East Medford with great circulation and close erty falls into three different pressure zones for the existing water proximity to shopping, dining and recreational amenities. The single- system. The portion of the property below elevation 1350 can be family residential components of the property are well-positioned in a served by the existing waterline on the east side of Hwy 62, the por- desirable location for single-family homes. The multi-family components tions between elevation 1350 and 1500 can be served by a connec- are strategically located near the commercial zones and will be tion in Coker Butte Road (likely where the future Springbrook Road instrumental in relieving the major shortage of affordable housing in intersection will occur), those areas above elevation 1500 cannot be Southern Oregon. The commercial property components have nearly served but that is only the small portion in the southeast corner that a half mile of frontage on Crater Lake Highway, one of the region’s is designated as open space. Thus, waterlines are available for con- busiest and most highly trafficked thoroughfares. The commercially nection and no major upgrades such as pump stations or reservoirs zoned property can also accommodate additional multi-family would be needed. development if desired. 4 Coker Butte Development Opportunity Project Overview • Rogue Valley Sewer Services – Existing sewer lines are located in Zoning and Density Vilas Road and near Coker Butte Road, and both can be connected to although a capacity analysis would be required to verify adequate pipe • The City of Medford Planning Department has reviewed the draft size for the Vilas sewer. There is an upcoming project to install about development plan for the Coker Butte project and has stated that they 700’ of 15” sewer down Vilas to the east, to approximately where the feel the property has an appropriate comprehensive zoning plan for future Crater Lake Avenue intersection with Vilas is shown on the con- residential and commercial mixed uses. ceptual site plan. Assuming adequate pipe size, this extension can be • The highest density residential zoning will be in the MFR (Multiple used and is a benefit to the property. It appears that approximately the Family Residential) designated areas on the concept plan and these north half of the site would flow to Vilas and the south half to Coker will allow either 15, 20 or 30 dwelling units per acre (MFR-15, MFR-20, Butte. No major capacity issues or requirements for major upgrades MFR-30). The balance of the residential areas will accommodate 2, 4, are anticipated. 6, or 10 dwelling units per acre (SFR-2 SFR-4, SFR-6, SFR-10). Residen- • Storm Drainage – The City of Medford’s initial review of the concep- tial development is also allowed in all commercial zones except the CN tual site plan indicates that with the normal requirements for on-site zone (Neighborhood Commercial). storm drain detention and water quality facilities, no downstream up- • The options for the commercial zones indicated on the conceptual grades would be required, and that there aren’t any capacity issues. plan are Heavy Commercial (CH), Regional Commercial (CR), Commu- • Natural Gas – Avista reports that the natural gas facilities as shown nity Commercial (CC), Neighborhood Commercial (CN) and Service on the conceptual site plan are more than adequate to service a Commercial and Professional Office (CSP). Combined, the uses per- development of this size. There is a regulator station, i.e. a source of mitted in these zones encompass a broad spectrum of commercial and “new” gas, at Vilas and Crater Lake Hwy. This station is supplied by a professional categories. high-pressure gas main that runs along Crater Lake Hwy, but only dis- • The City has stated that before annexing any of the Urban Growth tribution pressure gas (<55psig) is needed to serve the development. Boundary (UGB) lands they need to finish their regional transporta- This will allow for uniform gas delivery. Some of the existing gas mains tion plan, update their wetlands inventory & adopt a code for it and on Vilas and Coker Butte Roads are scheduled to be replaced by Avis- complete & adopt their urbanization planning rules. They expect to ta during either road improvement projects or development. The cost complete these steps by January 2019. of this work will be absorbed by Avista. If the development uses and promotes the use of natural gas in its homes and businesses, Avista is usually able to provide service at little to no cost. • Power – Pacific Power has issued a letter that it will provide electrical service to the property. Coker Butte Development Opportunity 5 Aerial P r e p ar e d B y : n L e c a e 7/ 17 /2 01 8 P r r D D E Vilas Rd n r 2 i y l r 6 D t h s y o g l u u w e d o H H n L I e c k M a L Helicopter Wy r e Enterprise Dr t a r C A Kingsley Dr E v A e k a L R r e t Burlcrest Dr a r C I Stratus Wy A r D n a L m m u r G y W Æ r Ä a e L 62 r d 0 760 y D R Coke r Butte Rd W k d l o a a o n e feet r o h b i t g w a n i n o This information is deemed r r r e r p t reliable but is not guaranteed. S n A I 6 Coker Butte Development Opportunity C tte C Bu r a le An t itt telo e L r pe C ek Sa usick re y w C Pruett Rd y L w e Shady Cove a White City r H R k d e e C D k No Index a No Index H Denman L i r g e t h Sarma Dr ra w C Wy Wildlife a y Crater Lake Hwy W Dutton Rd Long Bra Leeannas nch R Shirley d Jane Dr Skyline Dr Ln Hall Cora Dr 62 r Touvelle Rd Agate Rd Pinetop Tr St e d v R Train Ln i KathleenTr R Management r rk E Dutton Rd C Pa s Hudspeth Ln n Hudspeth Ln e a In Lindsay Ln Dion Ct at v d Kinworthy Dr t E i Chevney Dr Sowell Dr e S Rogue River Dr an Valley View Dr u Hoover Av Ct Touvelle E Shady C t Shady og le r State R el Area Rd C Oaks uv VA Sowell WilsonWy Ct Park To Cove ley EricksonAv Domiciliary Country Ct Kel Golf VA Domiciliary Terrace Pl Cleveland St City Hall Course Celtic Cr Avenue H WilsonWy Avenue H Shady Cove Avenue H Fawn Cr M Nork Ln Forest Grove Rd e Ln a d Schoolhouse Ln White Mountain o Avenue G w Avenue G s White Mtn Dr Mtn White Mallory Ln Old Ferry Rd Jane Ann Jane Flower St Flower Av R Kyra Ln Kyra Eagle Avenue G Valley d 62 Williams Ln Church 24th St r 5th St 5th 8th St Mdws Kirtland Rd Creek e Ln 13th St 23rd St 29th St Dr Eagle Dr 26th St v 14th St Avenue F 15th St Barbur St i Cr Kestrel Kimberly Ct R Falcon St 1.
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