For $3.85 million, you can own a town in southern Oregon.
The town of Tiller is on the market, and for investors with deep pockets, it's a chance to own an unincorporated area surrounded by land that is perfect for outdoor recreation, OregonLive reported.
Tiller is located in Douglas County on the banks of the South Umpqua River, about 30 miles east of Canyonville. The town sits at an elevation of 1,020 feet, and is surrounded by the Umpqua National Forest and Bureau of Land Management lands. It's about an hour from Crater Lake, and 24 miles from Seven Feathers casino, OregonLive reported.
The ability to purchase an entire town is a great opportunity for a developer with vision, according to Garrett Zoller, the listing agent for the property from Medford-based Land and Wildlife realty.
"The most important thing is the arrangement of the properties as a whole, with 28 different tax lots, a school — it makes it very marketable," Zoller said Thursday. "It's an opportunity to do the development, and do it with a lot more elasticity and less bureaucracy."
Zoller said that it's rare for 250 acres of land and property to become available that could be developed from scratch.
The town gets an average of 40 inches of rain each year, and about 3 inches of snow. The July high temperature is about 84 degrees, and the low for January is 33.
The official listing for Tiller notes some of the key features of the town. They include 28 tax lots, multiple domestic and agricultural community water rights, a mile of waterfront along the South Umpqua River and Elk Creek, and a general store that is not operating but includes a deli and gas station.
Tiller's elementary school has been closed for several years, and is a separate sale from the purchase of the town, OregonLive reported.
Zoller said there has been plenty of interest in the Tiller sale, which has included investors from China. Other potential buyers include people looking at the possibility of developing a senior care facility, and investors who are interested in using the land for hemp production, OregonLive reported.
