Peninger Rd, 17-Acres
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37-2W-02D Tax Lot 600 & 37-2W-02D Tax Lot 500
Zoning TBD (Based on Buyer's Annexation Application)
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.
“Not only is the home amazing and the vineyard incredible, but the location is perfect.”
Located in beautiful Southern Oregon, Carpenter Hill Estate and Vineyard is the ideal place to enjoy all that the region has to offer. Being just minutes from the history and theatrical opportunities of Jacksonville and Ashland, and the convenience of Medford, this location is ideal! The wonderful custom estate captures the very essence of the vineyard dream with dramatic views, and elegant details throughout. Southern Oregon is known for having four distinct seasons, a mild winter, and many social and recreational opportunities to enjoy year-round. One of the great and rewarding experiences of owning your own vineyard comes from the ability to create your own wine label or even host your own tastings. The Rogue Valley’s wine community is expanding, and gaining national recognition. The area is characterized by a diverse landscape of mountains and valleys, and the mild climate which provides vineyard owners a unique opportunity to produce a wide range of varietals.
“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.-
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 City Annexation Process. This may be the last I-5 interchange property of its kind available in the region.
Annexation from UGB to City of Central Point-
(CP3 must be complete and the subject property must be within the UGB)
Pre-Application Conference $250.00.
Application for Annexation. This follows the Type 3 Application Requirements. $3,900.00.
· The Application must be accompanied by a Preliminary Plat, Exterior Boundary Legal Description and the annexation fee.
To be reviewed by the December 4th, 2018, Planning Commission Meeting. (There is one meeting each month)
Must have Application Submitted by Oct 15th.
Notice of Complete Application by Nov 14th.
Neighboring Property owners and other entities are notified on Nov 14th.
Notice of Decision by Dec 14th.
120 Day Rule (if challenges arise) Deadline Mar 14th, 2019.
For more information, please request a complete digital information package.
CLIMATE (Source: “Sperlings Best Places”)
Central Point, Oregon
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"The average number of days per year that are predominantly sunny. Updated: December, 2016"Sunny Days
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Central Point 0.5 Miles
The "NEW" Costco. 1 Mile
Medford Int' Airport 1.8 Miles
Medford, OR 3.5 Miles
Providence Hospital 4 Miles
Portland, OR 269 Miles
Sacremento, CA 311 Miles
San Francisco, CA 367 Miles
Seattle, WA 442 Miles
Other Local Attractions
Applegate Valley Wine Trail, Oregon Shakespeare Festival, The Britt Music Festival, the Charming towns of Jacksonville and Ashland. The Oregon Caves, Crater Lake National Park, the Rogue & Applegate Rivers. Many lakes, hiking and other outdoor recreational opportunities. Southern Oregon also has thousands of acres of public lands for your recreational enjoyment.
Utilities & Services
● Pacific Power Company
● Avista Utilities
● City of Central Point
● City of Central Point
● Fiber-optic from Hunter Communications