$175,000
1/42 BD · 1.5 BA · 896 SF
1745 Fallen Leaf Drive #17C
Medford, OR 97501
#220206986 01 / 10
For sale New · 5d
$175,000
1233 Corona Avenue
Medford, OR 97504 · N/A
- Baths
- 0
- Acres
- 0.25
Est. $1,031/mo~218 min to downtown Bend (approx.)
Listing by Ford Real Estate · 541-773-2088
MLS# 220229495 · Active
01
About this home
Prime Medford Development Opportunity! This .25 acre lot, currently zoned SFR-4 providing potential for residential development, & ideally positioned to convert to commercial use with a large number of high density residential units or a multi-story medical complex. This property offers investors, developers, and business owners the opportunity to secure a strategically located parcel with the potential to convert to commercial zoning. Its convenient Medford location provides easy access to established neighborhoods, shopping, dining, medical services, and major transportation routes. Whether you're looking to develop a business location, hold for future appreciation, or pursue a commercial investment project, this property offers valuable flexibility and potential. Buyer to conduct their own due diligence with the City of Medford regarding zoning conversion, permitted uses, utilities, access, and development requirements. The adjoining parcel is also for sale in conjunction.
02
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03
Price history
5 days, no changes| Date | Event | Price |
|---|---|---|
| Oct 1, 2026 | Listed for sale | $175,000 |
From the MLS: original list price and latest price change. 5 days on market.
04
Drive times
~218 min to downtown Bend- Mt. Bachelor~197 min · 166.1 mi
- Sunriver Village~197 min · 166.7 mi
- Old Mill District~217 min · 183.6 mi
- Downtown Bend~218 min · 184.6 mi
- St. Charles Bend~221 min · 187.3 mi
- Sisters~230 min · 195.1 mi
- Redmond Airport (RDM)~241 min · 205.1 mi
- Smith Rock State Park~251 min · 214 mi
Approx. Straight-line distance × 1.3 for roads, at in-town and highway speeds. No traffic, snow, or Hwy 97 construction. Ask Cody about real commute times.
05
Facts & features
- Type
- Residential Lots
- Lot
- 0.25 AC · 10,890 SF
- HOA
- None reported
- Taxes
- $965/yr
- Subdivision
- N/A
- County
- Jackson
- Days on market
- 5
- MLS #
- 220229495
06
Location & schools
N/A42.3420° N · 122.8658° W
Directions- Elementary
- Wilson Elem
- Middle
- Hedrick Middle
- High
- North Medford High
Assignments come from the listing broker and boundaries change. Verify with the school district before you count on them.
07
Monthly payment
$1,031/mo$1,031/mo
$140,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $885
- Property tax (listing)
- $80
- Home insurance (est.)
- $66
20% · $35,000
6.500%
Loan term
Estimate only. Taxes use the listing's reported amount when there is one; insurance is approximated. A lender can give you an exact number.
More
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#220229499Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 1:01 PM.
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