320 N Haskell St, Central Point, OR 97502

Scott King and Caspian Hoehne of Merit Commercial Real Estate exclusively represented the Seller in the sale of a 5.90 high-mix residential site located within a newly developed Central Point neighborhood. The Property was one of the very last close-in development sites available for sale in the city.   

‍The Challenge: Challenges encountered during the sale included broader market conditions affecting the Property at the time. The commercial land sector faced a narrower buyer pool, as many prospective purchasers struggled to make development projects financially feasible. The Property’s location within a newly established master-planned development added further complexity to the marketing process. 

‍Merit's Process: The Merit team focused on gaining a clear understanding of the asset due to its size and position within a newly master planned development area. Exceptional visual marketing and strong regional reach led to identifying the end buyer.

‍The Result: The property sold for $932,500 in a seller-carry transaction in October, 2024.