$350,000
1/5Land
137 S Central Avenue
Medford, OR 97501
#220226869 01 / 11
For sale New · 5d
$350,000
1233 Corona Avenue
Medford, OR 97504 · N/A
- Baths
- 0
- Acres
- 0.51
Est. $2,062/mo~218 min to downtown Bend (approx.)
Listing by Ford Real Estate · 541-773-2088
MLS# 220229492 · Active
01
About this home
Rare development opportunity near Providence Medford Medical Center! Two adjoining parcels totaling .51 acres located at 1233 & 1239 Corona Ave offer a unique opportunity in a highly strategic location. Situated about 200 feet from Providence & near established residential neighborhoods & Medford's established financial district, this property offers exceptional potential for future development. These lots are currently zoned residential & directly abut commercially zoned properties along McAndrews Road, with commercial zoning extending down Corona. Seller indicates potential development concepts could include high density residential units or a four-story medical campus. Explore the possibilities & capitalize on this increasingly desirable area at the heart of Medford. Buyer to conduct their own due diligence regarding zoning, permitted uses, development potential, utilities, access, & all applicable city & county requirements. Lots are available to be sold separately.
02
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03
Price history
5 days, no changes| Date | Event | Price |
|---|---|---|
| Oct 1, 2026 | Listed for sale | $350,000 |
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 · 183.7 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
- 0.51 AC · 22,216 SF
- HOA
- None reported
- Taxes
- $1,930/yr
- Subdivision
- N/A
- County
- Jackson
- Days on market
- 5
- MLS #
- 220229492
06
Location & schools
N/A42.3420° N · 122.8659° 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
$2,062/mo$2,062/mo
$280,000 loan · 30 yr fixed · 6.5%
- Principal & interest
- $1,770
- Property tax (listing)
- $161
- Home insurance (est.)
- $131
20% · $70,000
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.
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#220228001Listing information provided by Oregon Data Share. Data last updated Oct 7, 2026, 10:30 AM.
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