579 E Vilas Rd
Medford, OR 97502

Property Description
PRICE IMPROVED — Reduced $175,000 to $2,700,000 | Motivated Seller
The Vilas Road Industrial Assemblage comprises ±9.88 acres of Light Industrial–zoned land along East Vilas Road in Medford, a corridor that has emerged as one of the region's most active and supply-constrained industrial locations. Recently reduced from $2,875,000 to $2,700,000 (±$291K/acre) — a meaningful discount to the Medford-area average of $352,347/acre — the offering is now priced for a motivated close. With strong frontage, excellent access, and existing income, the property is well suited for investors, developers, or owner-users seeking scale and flexibility.
The offering includes four contiguous parcels with ±480 LF of East Vilas frontage and shared access via a unified 66-foot driveway. The site is predominantly level and benefits from proximity to Interstate 5, Highway 62, and Rogue Valley International–Medford Airport, supporting efficient circulation for industrial, contractor, and distribution users.
Existing improvements provide near-term income and optionality. A ±1,800 SF leased commercial building with 3-phase power, three supplemental meters, and 4 RV hookups, together with a rented mobile home on the same parcel, generates $3,100 per month ($37,200+ gross annual). An additional parcel at 605 E. Vilas Rd includes a 1,852 SF residence (1965) and a 1,184 SF ADU, both currently vacant — with L-I land value as the primary driver (buyer to verify permitting pathways with Jackson County). The 2.41-acre unimproved parcel at 61 E. Vilas Rd and ±3.95 acres of surplus land at 579 E. Vilas are development-ready, enabling phased buildout while in-place income offsets carrying costs.
All parcels are zoned L-I (Light Industrial) under Jackson County and lie within the Medford Urban Growth Boundary, with no floodplain constraints (buyer to verify overlays). The site also carries Opportunity Zone designation, offering long-term tax-advantage potential for qualifying capital gains. L-I zoning supports a broad range of uses including light manufacturing, fabrication, warehousing, distribution, storage, contractor operations, and multi-tenant flex development. Infrastructure includes public sewer, Avista natural gas, 3-phase and single-phase power, and public water connection available.
The surrounding East Vilas Road corridor continues to attract industrial, logistics, and storage users. Traffic counts reach 12,238 VPD on E. Vilas (Esri 2025), with Hwy 62 carrying 28,100–29,300 VPD approximately one mile north. A 1-mile radius captures 217 businesses, 3,264 workers, and $869M in annual sales — confirming an established industrial hub. Regional anchors within two miles include Costco, the 2024 Amazon Distribution Center, and Medford Airport, while a new 9.47-acre RV and boat storage facility directly across the street validates real-time submarket demand. L-I land values in the corridor have appreciated 25–30% from 2024 to mid-2025, with small industrial buildings trading at $300–325/SF and near-zero flex vacancy.
Offered at $2,700,000, the Vilas Road Industrial Assemblage presents a rare opportunity to acquire a sizable, income-supported industrial site in a growth corridor with long-term redevelopment and appreciation potential. Seller is motivated — bring offers.