Peninger Rd , Oregon
Property Types: Vacant Land, Commercial
Activities & Amenities
Located adjacent to the Exit 33 interchange (City of Central Point), with great visibility from Interstate-5 and East Pine Street, this 17-acre property is ideal for retail or hospitality development. The property is level, cleared of trees and has access to all major utilities at, or near, the property line. The property is comprised of two parcels (12.19 acres and 4.95 acres) and future traffic plans may include additional road frontage. Bear Creek Greenway borders the east property line and provides easy access for both pedestrian and bicycle traffic. The Expo borders the property on the west side and is home to numerous major events throughout the year. Additionally, the Rogue Valley International Airport is just over 1 mile away.
This location has great visibility from both I-5 and Pine street. Traffic counts for I-5 north of exit 33 are in excess of 40,000 per day and traffic counts for East Pine Street between Peninger and Hamrick are over 28,000 per day. This site is one of the most visible in the area.
The city of Central Point’s growth strategy is centered around supporting I-5 services, The Expo and the Greenway. All three of which this property adjoins. Costco has recently moved their southern Oregon location to this Interchange. Additionally, there has been an exponential rise in commercial activity in this area.
Southern Oregon enjoys incredible natural beauty, abundant water and a distinct four seasons with a mild winter. Regional attractions include Crater Lake National Park, the world-renowned Rogue River, Oregon Shakespeare Festival and an emerging Wine Industry with many beautiful vineyards and incredible wineries. There are over 300,000 people that call this area home. For years this has been one of the top destinations on the west coast for individuals and families to relocate. Additionally, the Medford area is the retail and medical hub for Southern Douglas, Curry and Klamath counties as well as Siskiyou County (Northern, CA). Medford is located approximately halfway between the Bay Area and Portland.
Call for details on Development, Zoning and other resources. This may be the last I-5 interchange property of its kind available in the region.
“Southern Oregon has no sales tax, no inventory tax, and our corporate income tax is a single sales factor apportionment; which means your corporate income tax will be determined solely based on your sales within the state. While cash incentives reduce startup costs, our operational cost savings are predictable and on-going. In addition to tax savings, our Worker’s Comp rates are 6th lowest in the nation and our water and energy are affordable and abundant.” (Source: soredi)
Lithia Auto Stores~ “We made a conscious decision to locate our new headquarters here, where we have the best of all worlds—an affordable and outstanding quality of life and a location on the I-5 corridor between two of the most dynamic cities in the country. We can be just as competitive here as anywhere, and we don’t lose time to a long commute. Lithia Auto Stores NEW Corporate Headquarters, Medford.” (Source: soredi)
Carestream Health~ The quality of our workforce in Southern Oregon has enabled us to become the global volume leader of medical imaging film.” (Source: soredi)
Diode Laser Concepts “Southern Oregon is conducive to business. There is a true entrepreneurial spirit here that goes below the radar. Diode Laser Concepts’ NEW high-tech facility, Medford.” (Source: soredi)
From Southern Oregon Regional Economic Development, Inc.-